National exports rise by 0.4% and imports rise by 5.6% during 1st 10 months of 2017

National exports rise by 0.4% and imports rise by 5.6% during 1st 10 months of 2017

The statistical data issued by the Department of Statistics indicate that the value of total exports reached JD. 4351.1 million during the 1st 10 months 2017 [i.e., a decrease by 2.7% compared with the same period of 2016]. Meanwhile, the national exports value reached JD.3673.0 million during 1st 10 months 2017 [i.e. an increase by 0.4% compared with the same period of 2016]. The value of re-exports reached JD.678.1 million during 1st 10 months 2017 which indicates a decrease by 16.3% as compared with the same period of 2016. The imports value reached JD.11901.7 million during 1st 10 months 2017, thus rising by 5.6% 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.7550.6 million therefore; the deficit has increased during 1st 10 months 2017 by 11.1% compared with the same period of 2016. The imports coverage by total exports has become 36.6 % during 1st 10 2017 while it was 39.7% for the same period of 2016, which means a decrease by 3.1 percentage points.

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