The Jordanian trade balance deficit (the difference between the value of exports and imports) increased by 27.3% during the first nine months of 2021, on an annual basis.
According to the Department of Statistics (governmental), the foreign trade deficit increased to 6.1 billion dinars ($8.6 billion) at the end of last September, from 4.8 billion dinars ($6.76 billion) on an annual basis.
The value of the Kingdom's total exports increased by 13.6 percent to 4.7 billion dinars ($6.6 billion) during the first nine months of this year. While the value of imports rose by 21.2 percent on an annual basis, to 10.8 billion dinars (15.2 billion dollars).
The oil bill recorded an increase of 16.4 percent to 1.2 billion dinars ($1.6 billion) during the period, from 1.02 billion dinars ($1.4 million) in the same period of 2020.
Jordan has officially announced that, early next year, it will start applying reciprocity with countries that create obstacles to the entry of Jordanian industrial exports into its territory. Amman Chamber of Industry has also started working on a comprehensive assessment study of the export obstacles imposed by some international markets on Jordanian exports, whether they are customs or technical.
Source (Anadolu Agency, Edited)
