Jordan's exports reached JD8.939 billion in 2023

(File photo: Jordan News)
AMMAN — The Department of Statistics (DoS) reported that Jordan's total exports for 2023 amounted to JD8.939 billion, comprising JD8.272 billion in national exports and JD667 million in re-exports, Al-Mamlaka TV reported. اضافة اعلان

The report, addressing foreign trade, revealed that the value of imports amounted to JD18.259 billion during the same period. Therefore, the trade deficit, representing the difference between the total value of exports and imports, reached JD9.320 billion in 2023, compared to JD10.354 billion in the corresponding period of 2022.

Total exports decreased by 1.5 percent in 2023 compared to the same period in 2022, with national exports and re-exports decreasing by 1.1 percent and 5.8 percent, respectively. Imports, however, decreased at a faster pace of 6.0 percent. Consequently, the trade deficit decreased by 10.0 percent in 2023 compared to the same period in 2022.

Regarding the coverage of total exports to imports, the report indicated an increase to 49 percent in 2023 from 47 percent in 2022, with a further improvement to 55 percent in December 2023 compared to 50 percent in December 2022.

In terms of monthly trade, the value of total exports in dinars during December 2023 was JD717 million, including national exports of JD666 million and re-exports of JD51 million. Meanwhile, imports amounted to JD1.307 billion during December 2023, resulting in a trade deficit of JD590 million.

Total exports increased by 2.3 percent in December 2023 compared to December 2022, with national exports increasing by 4.4 percent. However, re-exports decreased by 19.0 percent, and imports decreased by 7.6 percent, leading to a decrease in the trade deficit by 17.3 percent.

Additionally, the composition of main exports saw decreases in clothing and its accessories, fertilizers, raw potash, and raw phosphate, while increases in precious jewelry and pharmaceutical preparations mitigated the decline in national exports. Regarding imports, decreases were observed in crude oil and its derivatives, precious jewelry, and grains, while increases were seen in vehicles and bicycles, mechanical tools, and electrical tools.

As for the main trading partners, the value of national exports increased to countries in the Greater Arab Free Trade Area (GAFTA), including Saudi Arabia, and to countries in the North American Free Trade Agreement (NAFTA), such as the US. Conversely, national exports decreased to non-Arab Asian countries, including India, and to European Union (EU) countries, including the Netherlands.

Imports increased from countries in NAFTA and non-Arab Asian countries, including China, while decreases were noted from countries in GAFTA and EU countries, including Romania.

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