National exports increase by 0.1% and Imports by 3.9% during the first two months of 2018

National exports increase by 0.1% and Imports by 3.9% during the first two months of 2018

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD.780.8 million During January and February 2018 [i.e., a decrease by (4.5%) compared with the same period of 2017]. Meanwhile, the national exports value reached JD.647.8 Million during January and February 2018 [i.e. an increase by 0.1% compared with the same period of 2017]. The value of re-exports reached JD 133.0 million during January and February 2018 which indicates a decrease by (21.7%) as compared with the same period of 2017. The imports value reached JD.2333.2 million during January and February 2018, thus increasing by 3.9% compared with the same period of 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.1552.4 million therefore; the deficit has increased during January and February 2018 by 8.8% compared with the same period of 2017. The imports coverage by total exports has become 33.5% during January and February 2018 while it was 36.4% for the same period of 2017, which means a decrease by (2.9) percentage points.

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