Jordan's trade deficit with GAFTA countries falls by 18.5%

Department of Statistics. (File photo: Jordan News)
AMMAN — The (DoS) has announced that Jordan's trade balance deficit with Greater Arab Free Trade Area (GAFTA) countries has fallen by 18.5 percent in the first two months of 2023. اضافة اعلان

The deficit reached JD396 million, compared to JD486 million in the same period last year, according to the Jordan News Agency, Petra.

Exports to GAFTA countries rise by 7.8% while imports dropAccording to the DoS foreign trade data, the value of national exports to GAFTA countries surged by 7.8 percent to reach JD383 million in January and February of this year. This is compared to JD356 million during the same period last year.

The value of the Kingdom's imports from GAFTA countries in the first two months of the current year dropped by 7.5 percent to reach about JD779 million, compared to JD842 million in the corresponding period in 2022.

Trade exchange with GAFTA nations reaches JD1.16 billionAccording to statistical data, the volume of Jordan's trade exchange with GAFTA nations during January and February of 2023 reached JD1.16 billion, compared to about JD1.2 billion in the same period last year.

DoS figures show that Saudi Arabia topped the list of Jordan's exports to GAFTA countries in the reporting period with JD127 million in exports, while the UAE topped the list of countries from which Jordan imports with about JD172 million in imports.

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