Amman, The Kingdom’s trade deficit rose by 26.8 per cent to JD9.854 billion during the first 11 months of 2022, up from JD7.774 billion in the same period of 2021, the Department of Statistics (DoS) said on Thursday.
According to a DoS report on foreign trade, the volume of Jordan’s total exports in the January-November period of 2022 increased by 35.2 per cent to JD8.107 billion, compared with the same period of 2021, which stood at JD5.997 billion.
The value of national exports increased until the end of November 2022, by 37%, or JD7.462 billion, compared to JD5.446 billion for the same period in 2021.
According to the DoS figures, value of re-exports amounted to JD644.8 million to end of last November 2022, marking an increase of 17.1%, compared to the same period in 2021, which amounted to about JD550 million.
As for imports, their value amounted to JD17.962 billion until end of last November 2022, constituting an increase of 30.4%, compared to JD13.771 billion for the same period in 2021.
On the monthly level, the value of Jordan’s total exports for November 2022 amounted to JD695.2 million, up by 4.3%, compared to the same month in 2021.
The value of national exports during last November 2022 amounted to JD640.2 million, up by 6.9%, compared to the same month in 2021.
Meanwhile, value of re-exports amounted to JD55 million during last November 2022, down by 18.8%, compared to the same month in 2021.
As for imports last November 2022, their value amounted to JD1.420 billion, marking a drop of 0.7%, compared to the same month in 2021.
As per the DoS data, trade balance deficit in November 2022 amounted to JD725.1 million, down by 5.1%, compared to the same month in 2021.
Source: Jordan News Agency