Jordan's national exports soar to JD4.283 billion in Q3 of 2021

[05-12-2021 02:12 PM]

Ammon News - Jordan's national exports jumped by 15.8, or JD584 million, in the third quarter of 2021 to a total of JD4.283 billion, compared with JD3.699 billion recorded in the same reporting period of 2020, according to official figures.

However, despite this strong rise in exports, monthly data issued by the Department of Statistics on Sunday showed that the Kingdom's foreign trade deficit had ballooned by 27.8 percent, or JD1.344 billion, to JD6.175 billion against JD4.831 billion recorded in the same period of last year.

Total exports, which include re-exports, hit JD4.719 billion in the January-March period, signaling an increase of JD566 million, or 13.6 percent, from the JD4.153 billion reported in the corresponding period of 2020.

Conversely, the value of re-exports in the three-month period dropped by 4.1 percent to a total of JD435.8 million compared with JD454.3 million.

As for imports, the figures indicate that they amounted to JD10.984 billion in the third quarter of the current year, rising by 21.2 percent, or JD1.909 billion, from the JD8.985 billion registered in the same period of last year.

Accordingly, the import-to-export coverage ratio stood at 43.3 percent against 64.2 percent in the same reporting period of 2020.

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