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Jordan’s exports decline by 12.1 per cent in four months

Down by 13.7 per cent, compared with the same period in 2014

Jordan’s total exports, including local products and re-exports, dropped by 12.1 per cent during the first quarter of this year and reached $2.4 billion, according to recent data.

According to the data issued by the Department of Statistics, the total value of national exports during the first four months of 2015 amounted to $2.05 billion, down by 13.7 per cent, compared with the same period in 2014, reports London-based Al Araby.

The department attributes this to the decline in exports of products such as vegetables and from the mining industries and others.

The value of re-exports reached $369.8 million during the same period, down by 2.2 per cent compared with the same period in 2014.

The value of imports amounted to $6.42bn during the first quarter of 2015, a decline of 14.3 per cent, compared with the same period in 2014.

According to the statistics, the deficit in the trade balance, which represents the difference between the value of imports and the value of exports, amounted to $3.99bn, bringing the deficit during the first quarter of 2015 down by 15.7 per cent, compared with the same period in 2014.