Jordan trade balance with US records JD105 million surplus

Screenshot 2022-06-05 225921
(Photo: Jordan News)

AMMAN — Jordan’s trade balance with the US recorded a surplus of JD105 million in the first quarter of 2022, according to the latest foreign trade statistics, said the Jordan News Agency, Petra.اضافة اعلان

Data released by the Department of Statistics Sunday showed that exports to the US increased by 6 percent to JD365 million in the first quarter of 2022, compared with JD344 million in the same period of 2021.

Imports from America also climbed to JD260 million in the first quarter this year, compared with JD245 million in the same period of 2021, Petra said.

Garments and textiles were key exports to the US market, followed by engineering industries, foodstuff, Dead Sea cosmetics, and jewelry.

The balance of trade is the difference between the value of a country’s exports and imports in a given period, and is the largest component of its balance of payments.

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