The Jordanian trade balance deficit (the difference between the value of exports and imports) increased during the first ten months of 2021, by 30.5 percent on an annual basis.
According to the (government) Department of Statistics, the foreign trade deficit increased to 7.06 billion dinars (about 10 billion dollars) at the end of last October, compared to 5.4 billion dinars in 2020. The value of total exports rose by 15.9 percent to 5.3 billion dinars until the end of last October, while the value of imports during the period rose by 23.8 percent on an annual basis, to 12.3 billion dinars.
In terms of the commodity composition of the main exported commodities, the value of exports of clothing and related accessories increased by 14.1 percent, fertilizers by 93.8%, crude potash by 21.7%, crude phosphates by 45.4 percent, and inorganic chemical products by 25.3%, while the export value of pharmaceuticals decreased by 0.9 percent. As for the commodity composition of imports, the value of imports of crude oil and its derivatives increased by 22.9 percent, and vehicles, bicycles and their parts by 24.9%, and precious jewelry and jewelry by 515.2 percent, machinery and machine tools and their parts by 21.2 percent, electrical machines and appliances and their parts by 8.4 percent, and grains by 29.9 percent.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
