ammonnews.net

Ammon News - Jordan's trade deficit in the January-July period increased by 34.2 percent to JD5.947 billion, compared to 4.43 billion in the same period of 2021.

The Department of Statistics' (DoS) monthly report issued Wednesday showed that total exports in the first seven months of 2022 hiked by 44.8 percent, hitting JD5.110 billion against 3.528 billion in 2021.

Similarly, national exports also went up by a major 46.8 percent, standing at JD4.691 compared to 3.196 billion in the same reporting period.

According to the report, re-exports amounted to JD418 million by the end of July, up 25.9 percent from the JD332 million recorded last year.

Regarding imports, their value rose by 38.9 percent to JD11.057 billion against 7.959 billion in 2021's first seven months.

The report pointed out that the coverage ratio of total exports to imports stood at 44.3 percent in the same reporting period of 2022, compared to 46.2 percent in 2021, a decline of 1.9 percentage points.

On a monthly basis, national exports in July 2022 reached JD730.7 million against 473.8 million during the same month of 2021 with an increase of 54.2 percent.