The Kingdom’s trade deficit increased during the first 8 months of 2022 by 33.2%, to stand at JD7.087 billion, compared with the same period in 2021 that amounted to JD5.320 billion, the Department of Statistics (DoS) said on Sunday.
According to a DoS report on foreign trade, the volume of total exports in the January-August period of 2022 increased by 43.6% to JD5.926 billion, compared with JD4.127 billion in the same period of 2021.
The value of national exports also increased during the first eight months of 2022 by 45.6%, or JD5.454 billion, compared with the same period of 2021, when it stood at JD3.745 billion, the DoS data showed.
The report also revealed that the value of re-exports stood at JD472 million, marking an increase of 23.9%, compared with the same period of 2021, which registered a value of JD382 million.
Jordan’s imports in the first 8 months of 2022 rose by 37.8 per cent to JD13.014 billion, compared with JD9.447 billion in the corresponding period of 2021, the DoS figures showed.
At the monthly level, the Kingdom’s national exports in August 2022 reached JD762.8 million, up by 39 per cent compared with the same month of 2021, while the value of re-exports amounted to JD54.0 million during last August, an increase of 8.0%, compared to the corresponding month last year.
As for the Kingdom’s imports last August, their value amounted to JD1.957 billion, an increase of 31.5%, compared to the same month last year.
The deficit in the trade balance during last August, amounted to about JD1.140 billion, an increase of 28.2%, compared to the same month last year.
Source: Jordan News Agency