Jordan’s trade deficit narrows to $3 bln in Q1


22-05-2018 05:35 PM

Ammon News - AMMONNEWS - Jordan’s trade deficit fell 2.6 percent to 2.1 billion dinars ($3 billion) in the first quarter of 2018 compared with the same period last year, official figures showed on Tuesday.

Department of Statistics data showed the value of imports in the first three months of the year fell by 2.2 percent from a year earlier to 3.3 billion dinars.

The kingdom’s total exports reached 1.2 billion dinars, dropping 1.5 percent from the same period in 2017 as the value of fertilizers supplied to long-term Asian customers fell.

A chronic trade deficit and spiraling budget deficit have for years been among the biggest concerns for Jordanian economic policymakers.

Jordan’s trade deficit rose 9.9 percent to 9.2 billion dinars in 2017 against the previous year with the cost of imported oil alone rising 23 percent.

*Reuters




  • no comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :