National exports decrease by (7.8%) and Imports increase by 8.1% during January 2018

National exports decrease by (7.8%) and Imports increase by 8.1% during January 2018

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD.376.4 million During January 2018 [i.e., a decrease by (19.1%) compared with the same period of 2017]. Meanwhile, the national exports value reached JD.315.8 Million during January 2018 [i.e. a decrease by (7.8%) compared with the same period of 2017]. The value of re-exports reached JD 60.6 million during January 2018 which indicates a decrease by (50.7%) as compared with the same period of 2017. The imports value reached JD.1270.6 million during January 2018, thus increasing by 8.1% 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.894.2 million therefore; the deficit has increased during January 2018 by 26.0% compared with the same period of 2017. The imports coverage by total exports has become 29.6% during January 2018 while it was 39.6% for the same period of 2017, which means a decrease by (10.0%) percentage points.

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