The deficit in the trade balance has decreased by 22.7% during the first eight months of 2020

The deficit in the trade balance has decreased by 22.7% during the first eight months of 2020

The monthly report of the external trade issued by the Department of Statistics indicates that the value of total exports reached 3630.9 million JDs during the first eight months of 2020 with a decrease by 5.1% compared with the same period of 2019. Meanwhile, the national exports value reached 3232.1 million JDs during the first eight months of 2020 with a decrease by 0.1% compared with the same period of 2019. The value of re-exports reached 398.8 million JDs during the first eight months of 2020 with a decrease by 32.3% compared with the same period of 2019. The imports value reached 7707.4 million JD during the first eight months of 2020, thus decreasing by 15.3% 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 4076.5 million JD, therefore, the deficit has decreased during the first eight months of 2020 by 22.7% compared with the same period of 2019. The imports coverage by total exports has become 47.1% during the first eight months of 2020, while it was 42.0% in the same period of 2019, which means an increase by 5.1 percentage points.

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