The deficit of the Jordanian trade balance (the difference between the value of exports and imports) decreased during the past year, by 16.5 percent on an annual basis, to reach 6.438 billion dinars, equivalent to $9.02 billion, compared to the same period in 2019, when the deficit reached 7.705 billion dinars or equivalent to $10.8 billion.
According to the monthly report on foreign trade in Jordan issued by the Department of Statistics, the total value of exports during the past year amounted to 5639.7 million dinars, a decrease of 4.5 percent, compared to the same period in 2019, while the value of imports amounted to 12,077.8 million dinars during 2020, which means a decrease of 11.3 percent compared to the same period in 2019. The value of fertilizer exports increased by 55.1 percent, jewelry by 152.2 percent, and chemical products by 8.8 percent. While the value of exports of clothing and related accessories decreased by 16.2 percent, pharmaceutical products by 2.9 percent, and raw potash by 9.3 percent.
On the other hand, the value of imports of crude oil and its derivatives decreased by 47.3 percent, machinery and machine tools and their parts by 21.8 percent, vehicles and bicycles and their parts by 6.0 percent, machinery and electrical appliances and their parts by 23.3 percent, grains by 10.7 percent, and iron and articles thereof by 8.3 percent.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
