Complex Made Simple

Jordan’s national exports drop 12 per cent in 5 months

Value of re-exports amounted to JOD317.7 million and imports’ value declined by 13.4 per cent to hit JOD5.817bn.

The value of total exports in Jordan dropped during the first five months of the year by 11 per cent compared with the same period last year, to reach JOD2.17 billion, according to figures issued by Jordan’s Department of Statistics.

National exports reached roughly JOD1.854bn during first five months of the current year with a drop of 12.2 per cent compared with the same period last year.

The value of re-exports amounted to JOD317.7 million during the first five months of the year with a 2.4 per cent drop, compared with the same period in 2014, Jordan-based Alghad Newspaper reports.

Imports’ value declined by 13.4 per cent to hit JOD5.817bn during the first five months of the year, compared with the same period of 2014.

The deficit in the trade balance, which represents the difference between total imports and exports, reached JOD3.644bn, indicating that the deficit has dropped during the first five months of the year by 14.8 per cent compared with the same period in 2014.

The export-import coverage ratio reached 37.3 per cent during the first five months of the year 2015, while coverage rate reached 36.3 per cent during same period of 2014, with a one percentage point increase.

(JOD1=AED5.18, at the time of publishing)