Ammon News - Value of the Kingdom's total exports increased during the first two months of 2023 by 20.2%, reaching JD1.463 billion, compared to JD1.216 billion in the same period last year, Department of Statistics (DoS) announced.

According to DoS monthly report on Jordan's foreign trade released Wednesday, value of national exports grew during the January-February period 2023 by 24.7% to reach JD1.371 billion, compared to the same period last year, which was estimated at JD1.100 billion.

Meanwhile, value of re-exports amounted to JD91.8 million in the first two months of 2023, marking a decrease of 21.3%, compared to the same period last year, which amounted to JD116 million, DoS figures showed.

As for imports, their value amounted to about JD3.010 billion, constituting an increase of 9.0% during the first 2 months 2023, compared to the same period last year, which was estimated at JD2.760 billion, DoS data revealed.

However, the trade balance deficit, which represents difference between the value of imports and exports, soared during the first two months of 2023 by 0.2% to reach JD1.546 billion, compared to the same period last year, which amounted to JD1.543 billion.

On a monthly level, the value of total exports during last February 2023 amounted to about JD873.5 million, marking an increase of 36.5%, compared to the same month last year.

The DoS statistics also revealed that the value of national exports during last February stood at JD828.4 million, a 43.6% increase, compared to the same month of 2022.

In addition, value of re-exports amounted to JD45.1 million during last February, a 28.6% drop, compared to the same month 2022.

The data also showed that value of Jordan's imports amounted to about JD1.369 billion during last February, marking 3.1% decrease, compared to the same month of 2022.

According to the report, Jordan's trade balance deficit amounted to JD495.2 million, reflecting a 35.9% drop, during last February compared to the same month last year.