Trade deficit with EU countries at JD1.3b in 7 months

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(File photo: Jordan News)
AMMAN — Jordan's trade balance deficit with EU nations totaled JD1.345 billion in the first seven months of 2022, compared with JD1.395 billion in the same period of 2021, according to the Jordan News Agency, Petra.اضافة اعلان

Foreign trade data issued by the Department of Statistics on Wednesday showed that national exports to the EU soared in the January–July period by 122.5 percent to JD217 million, against 97 million in 2021.

Imports from EU member states inched up 4.7 percent by the end of last July, reaching JD1.562 billion, against 1.492 billion recorded in the corresponding period last year.
Figures showed that Belgium and Romania were the main destinations of Jordanian exports to EU countries with JD35 million, while Germany was the Kingdom's top European supplier with JD326 million.

Jordan-Europe Business Association President Ali Murad told Petra that the partnership agreement with the EU contributed to enhancing trade exchange, adding that there is an increased demand for Jordanian fertilizers, potash, phosphate, and chemical industries.

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