The deficit in the trade balance has decreased by 20.0% during the first nine months of 2020

The deficit in the trade balance has decreased by 20.0% during the first nine months of 2020

The monthly report of the external trade issued by the Department of Statistics indicates that the value of total exports has reached 4153.9 million JDs during the first nine months of 2020 with a decrease by 5.5% compared with the same period of 2019. Meanwhile, the national exports value reached 3699.9 million JDs during the first nine months of 2020 with a decrease by 0.7% compared with the same period of 2019. The value of re-exports reached 454.0 million JDs during the first nine months of 2020 with a decrease by 32.1% compared with the same period of 2019. The imports value reached 8846.8 million JD during the first nine months of 2020, thus decreasing by 13.8% compared with the same period of 2019.

The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has reached 4692.9 million JD, therefore, the deficit has decreased during the first nine months of 2020 by 20.0% compared with the same period of 2019. The imports coverage by total exports has become 47.0% during the first nine months of 2020, while the coverage percentage has reached 42.9% compared with the same period of 2019 with an increase by 4.1 percentage point.

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