National exports decrease by 1.6% and Imports increase by 3.2% during 1st half of 2017

National exports decrease by 1.6% and Imports increase by 3.2% during 1st half of 2017

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD. 2493.6 million During the 1st half of 2017 [i.e., a decrease by 0.6% compared with the same period of 2016]. Meanwhile, the national exports value reached JD. 2071.9 Million during the 1st half of 2017[i.e. a decrease by 1.6% compared with the same period of 2016]. The value of re-exports reached JD.421.7 million during the 1st half of 2017 which indicates an increase by 4.8% as compared with the same period of 2016. The imports value reached JD.7023.0 million during the 1st half of 2017, thus increasing by 3.2% 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.4529.4 million therefore; the deficit has increased during the 1st half of 2017 by 5.3% compared with the same period of 2016. The imports coverage by total exports has become 35.5% during the 1st half of 2017 while it was 36.8% for the same period of 2016, which means a decrease by 1.3% percentage points.

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