National exports increase by 3.6% and Imports decrease by (1.4%)

National exports increase by 3.6% and Imports decrease by (1.4%)

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD.5518.5 million during 2018 [i.e., an increase by 3.5% compared with 2017]. Meanwhile, the national exports value reached JD.4668.4 Million during 2018 [i.e. an increase by 3.6% compared with 2017]. The value of re-exports reached JD 850.1 million during 2018 which indicates an increase by 2.6% as compared with 2017. The imports value reached JD.14353.2 million during 2018, thus decreasing by (1.4%) compared with 2017.

The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has reached JD.8834.7 million therefore; the deficit has decreased during 2018 by (4.2%) compared with 2017. The imports coverage by total exports has become 38.4% during 2018 while it was 36.6% for the same period of 2017, which means an increase by 1. 8 percentage points.

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