Jordan – Trade deficit up by 30.5% in 2021

Jordan – Trade deficit up by 30.5% in 2021

Amman, Jan. 2 (Petra) -- Jordan's trade balance deficit in the January-October period of 2021 increased by 30. 5 percent, hitting JD7. 060 billion compared to JD5. 412 billion in the same period of 2020. According to a monthly report issued by the Department of Statistics (DoS) on Sunday, total exports in the January-October period of 2021 reached JD5. 330 billion, up by 15. 9 compared with the JD4. 597 billion recorded in the same period of 2020. National exports in the same period of 2021 rose by 18. 1 percent, reaching JD4. 848 billion compared to JD4. 105 billion in the same period of 2020, figures showed. The value of re-exports were at JD482. 5 million, down by 2. 1 percent compared with the JD493 million of same period of 2020, the DoS added. Imports also went up by 23. 8 percent, reaching JD12. 391 billion compared to the JD10. 010 billion recorded in the same period of 2020. Accordingly, the export-to-import ratio stood at 43 percent in the January-October period of 2021, compared with 45. 9 percent in the same period of 2020, indicating a 2. 9 percent drop.