ammonnews.net

Ammon News - On Thursday, the monthly foreign trade report in Jordan was released by the Department of Statistics.

The report shows that total exports rose by 2.8%, domestic exports by 0.4%, and re-exports by 32.7% in comparison to the same period in 2023. Imports also went up by 0.8%, but the trade balance deficit decreased by 1.0% during the first eight months of 2024 compared to 2023.

Regarding values, he detailed that the total exports for the initial eight months of 2024 reached 6,228 million dinars, with national exports at 5,644 million dinars, re-exports at 584 million dinars, and imports totaling 12,457 million dinars for the same timeframe.

He elaborated that the trade balance deficit, indicating the discrepancy between total exports' value and imports' value, reached 6,229 million dinars by August 2024's conclusion, in contrast to 6,293 million dinars in August 2023.

Regarding the monthly figures, the total export values in August 2024 reached 862 million dinars, with national exports at 787 million dinars, re-exports at 75 million dinars, and imports at 1,715 million dinars.

She revealed that in August 2024, the trade balance deficit totaled 853 million dinars.

He stated that in August 2024, overall exports grew by 8.8% from August 2023, with domestic exports up by 7.8%, re-exports by 21.0%, and imports by 1.3%. The trade balance deficit also dropped by 5.3%.

Regarding the overall balance between exports and imports, the report noted that it rose to 50% by the conclusion of August, up from 49% in 2023, representing a one percentage point increase.

The report showed that in August 2024, the proportion of exports covering imports rose to 50% from 47% in August 2023, a 3-percentage-point increase.

The rise in exports of "clothing and its accessories made from knitted goods" and "pharmaceutical preparations" boosted national exports, even though the exports of "nitrogen or chemical fertilizers", "precious jewelry and ornaments", "raw phosphate", and "raw potash" decreased.

Regarding imports, the report stated that the values of "cars and bicycles" and "machine tools" went up, while the decline in "crude oil and its derivatives," "precious jewelry and ornaments," "electrical tools," and "grains" helped to limit the overall increase in imports.