The Jordanian Ministry of Industry, Trade and Supply revealed that the Jordanian trade balance deficit decreased by the end of last year by 16.5 percent compared to 2019.
According to the report, national exports increased slightly during 2020 compared to the rise they witnessed during 2019, as the repercussions of the Corona crisis affected the Jordanian economy, and the effects are still continuing so far and the scene is unstable.
The report showed a remarkable recovery in the value of Jordanian exports during September of 2020, to rise by 12.1 percent compared to September 2019, as exports increased during this month to several countries, most notably: United States, Saudi Arabia, India, the Emirates, and Algeria, as a result of the increase in the value of fertilizer exports by 334.2 percent, live animals by 152.5 percent, aluminum and its products by 50 percent, and soap and copper and its articles by 59.5 percent. The report shows that the pandemic opened the door to the development of industry and diversification of exports, as the value of exports of jewelry increased significantly by 152.2 percent compared to 2019, while fertilizer exports increased by 55.1 percent compared to 2019.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
