AMMAN —
Jordan’s volume of trade with
Russia and Ukraine during the first 11 months of
2021 amounted to JD308.1 million, according to Al-Mamlaka TV.
اضافة اعلان
The
Amman Chamber of Commerce (ACC) data shows that the balance of trade is in favor of Russia
and Ukraine, at a value of about JD298.3; imported goods include grains, oils,
and live animals.
The balance of
trade, which represents the difference between the value of imports and
exports, is a vital economic indicator and an input in countries’ gross
domestic product.
Jordan imports
many goods from
Russia, including barley, chickpeas, iron, copper, sugary
products, and sunflower seed oil. It exported fertilizers, dates, and garments
to Russia in 2020.
Jordan established
diplomatic relations with the Russian Federation on August 21, 1963, based on
friendship, cooperation, and mutual respect.
Jordan and Russia
share many political, economic, and cultural agreements that had a great
influence in strengthening the ties between the two countries and in
establishing an authentic, strategic partnership in various fields.
There is also a
joint
Jordanian-Russian committee that holds regular meetings to follow up on
work in the fields of cooperation, especially in agriculture, tourism,
transport, and energy.
The trade exchange
between Jordan and Russia in 2020 amounted to about JD189.4 million (JD1.8
exports and JD187.6 imports), which shows the balance of trade in favor of
Russia.
Meanwhile,
commercial exchange during the first 11 months of 2021 amounted to JD182.8
million (JD1.4 million exports and JD181.4 million imports), showing a JD180
million balance of trade in favor of Russia.
ACC indicated that
most Jordanian imports from Russia were durum wheat, to the value of JD63.1
million, while the most exported product to Russian was printing ink, except
for the black color, at JD458.700 value.
The data also
showed that Jordan’s imports from Ukraine in 2020 included cereals, animal and
vegetable oils, livestock, and sulfur, while exported consisted mainly of dried
dates.
The trade exchange
between the two countries amounted to about JD141.2 million (1.1 million
exports and 140.1 million imports) in 2020, with the balance of trade in favor
of Ukraine, to the tune of JD139 million, and the highest import that year
consisted of grain, at a value of JD52.1 million.
The trade exchange
between the Jordan and
Ukraine in 2020 amounted to about JD141.2 million (1.1
million exports and 140.1 million imports), bringing a deficit in favor of
Ukraine of about JD139 million. Meanwhile, grains were the most imported goods,
amounting to JD52.1 million, according to the data.
Jordan recognized
Ukraine’s independence on December 28, 1991, and the two countries established
diplomatic ties on April 19, 1992. The Consulate of Ukraine started operating
in Jordan in January 2002; in February 2003, it became embassy.
The trade exchange
with Ukraine during the first 11 months of 2021 amounted to about JD125.3
million (exports 3.5 million and imports 121.8 million), bringing the balance
of trade in favor of the Ukrainian side, to the value of JD118.3 million.
The commodity that
was imported mostly during the first 11 months of last year was sunflower seed
oil, worth JD24.2 million, and the highest exported commodities were medicines,
amounting to JD2.8 million.
Jordan’s total
exports during the first 11 months of 2021 amounted to JD5997.2 million, an
18.3 percent increase over to the same period of 2020, according to the monthly
Department of Statistics report on foreign trade.
The rate of
total exports to total imports reached 43.4 percent during the first 11 months
of 2021, and 45.6 percent in the same period in 2020, marking a 2.2 percent
decline.
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