National exports decrease by 3.5% and Imports decrease by 18.0% during the first half of 2020

National exports decrease by 3.5% and Imports decrease by 18.0% during the first half of 2020

The monthly report of the external trade issued by the Department of Statistics indicates that the value of total exports reached 2523.3 million JDs during the first half of 2020 with a decrease by 7.3% compared with the same period of 2019. Meanwhile, the national exports value reached 2211.6 million JDs during the first half of 2020 with a decrease by 3.5% compared with the same period of 2019. The value of re-exports reached 311.7 million JDs during the first half of 2020 with a decrease by 27.3% compared with the same period of 2019. The imports value reached 5486.4 million JD during the first half of 2020, thus decreasing by 18.0% 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 2963.1 million JD; therefore, the deficit has decreased during the first half of 2020 by 25.4% compared with the same period of 2019. The imports coverage by total exports has become 46.0% during the first half of 2020, while it was 40.7% for the same period of 2019, which means an increase by 5.3 percentage points.

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