National exports and imports rise by 1.8% and 5.6% during 2017

National exports and imports rise by 1.8% and 5.6% during 2017

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD. 5303.1 million in 2017[i.e., a decrease by (1.1%) compared with the same period of 2016]. Meanwhile, the national exports value reached JD. 4474.2 Million of 2017 [i.e. an increase by 1.8% compared with the same period of 2016]. The value of re-exports reached JD.828.9 million of 2017 which indicates a decrease by (13.9%) as compared with the same period of 2016. The imports value reached JD.14488.6 million of 2017, thus rising by 5.6% compared with the same period of 2016.
The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has reached JD.9185.5 million therefore; the deficit has increased of 2017 by 9.9% compared with the same period of 2016. The imports coverage by total exports has become 36.6% of 2017 while it was 39.1% for the same period of 2016, which means a decrease by (2.5) percentage points.
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