Jordan’s trade balance deficit with GAFTA tops JD2bln

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Home Business Jordan’s trade balance deficit with GAFTA tops JD2bln 01-03-2022 04:51 PM Ammon News - - The Kingdom’s trade balance deficit with the Greater Arab Free Trade Area (GAFTA) inched up by 1.39 percent to some JD2.075 billion in 2021, compared with JD867 million in 2020, the Department of Statistics (DoS) reported on Tuesday. In a statement, the DoS said that the national exports to GAFTA countries last year went up by 12.6 percent to JD2.268 billion, compared with JD2.014 million in 2020. The national imports also climbed during last year by 50.7 percent to JD4.343 billion, compared with JD2.881 billion in 2020, the report added. According to data, Saudi Arabia was at the top of the list of Jordanian exports to GAFTA countries in 2021 with JD733 million. It also headed the list of countries in terms of imports, as Jordan imported from Saudi Arabia of about JD2.282 in 2021 with a trade balance deficit of JD1.549 billion.

Home Business

Jordan’s trade balance deficit with GAFTA tops JD2bln

01-03-2022 04:51 PM

Ammon News - - The Kingdom’s trade balance deficit with the Greater Arab Free Trade Area (GAFTA) inched up by 1.39 percent to some JD2.075 billion in 2021, compared with JD867 million in 2020, the Department of Statistics (DoS) reported on Tuesday.

In a statement, the DoS said that the national exports to GAFTA countries last year went up by 12.6 percent to JD2.268 billion, compared with JD2.014 million in 2020.

The national imports also climbed during last year by 50.7 percent to JD4.343 billion, compared with JD2.881 billion in 2020, the report added.

According to data, Saudi Arabia was at the top of the list of Jordanian exports to GAFTA countries in 2021 with JD733 million. It also headed the list of countries in terms of imports, as Jordan imported from Saudi Arabia of about JD2.282 in 2021 with a trade balance deficit of JD1.549 billion.

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