Oil bill jumps by 49.1%, trade deficit up by 20.3% in 2022

Screenshot 2022-05-31 000135
(Photo: Jordan News)

AMMAN — Jordan’s oil bill jumped by 49.1 percent in the first three months of 2022, compared with the same period in 2021, according to the Jordan News Agency, Petra.اضافة اعلان

It said foreign trade figures released by the Department of Statistics (DoS) Monday showed that Jordan’s trade deficit jumped by 20.3 percent to JD2.283 billion in the first quarter of this year.

Jordan’s oil bill increased to JD761 million between January and March this year, according to DoS. It said the value of oil imports were estimated at JD510 million in the corresponding period in 2021.

Mineral fuels and other mineral oils topped the list of Jordan’s oil imports, amounting to JD317 million, followed by diesel fuel at JD158 million.

Additionally, Jordan’s imports of crude oil amounted to JD126 million, followed by gasoline at JD142 million, JD9 million for kerosene, and JD8 million for lubricants.

Petra said the deficit in the balance of trade stood at JD1.899 billion in the first quarter of 2021.

According to the DoS report, the volume of total exports between January and March this year climbed up by 39.6 percent to JD1.992 billion, compared with JD1.427 recorded in the same period in 2021.

The value of national exports also shot up by 43.1 percent, or JD1.815 billion, this year, compared with 2021, when it stood at JD1.268 billion, according to the DoS data.

The report also revealed that the value of re-exported material stood at JD177.6 million, marking an 11.3 percent increase, compared with JD159.5 million in 20201.

Jordan’s imports in the first quarter of this year rose by 28.6 percent to JD4.276 billion, compared with JD3.326 billion in 2021, the DoS figures showed.

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