Trade deficit up 34% in first seven months of 2022

modern container terminal  dusk port
(Photo: Envato Elements)
AMMAN Jordan’s trade deficit in the January–July period increased by 34.2 percent, to JD5.947 billion, compared to 4.43 billion in the same period of 2021, the Jordan News Agency, Petra, reported.اضافة اعلان

The Department of Statistics’ monthly report issued Wednesday showed that total exports in the first seven months of 2022 grew by 44.8 percent, reaching JD5.110 billion, while the figure stood at JD3.528 billion in the same period of 2021.

National exports also went up, by a major 46.8 percent, standing at JD4.691 compared to JD3.196 billion in the same period of last year.

According to the report, re-exports amounted to JD418 million by the end of July, up 25.9 percent from the JD332 million recorded in the first seven months of last year.

The value of imports rose by 38.9 percent, to JD11.057 billion, while it stood at JD7.959 billion after the first seven months of 2021.

The report pointed out that the ratio of total exports to imports stood at 44.3 percent in the reported period of 2022, compared to 46.2 percent in 2021, a decline of 1.9 percentage points.

On a monthly basis, national exports reached JD730.7 million in July 2022, a 54.2 percent increase over the 473.8 million during the same month of 2021.

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