17.8% deficit decrease in the trade balance during the first eleven months of 2020

17.8% deficit decrease in the trade balance during the first eleven months of 2020

The monthly report of external trade  issued by the Department of Statistics indicate that the value of total exports reached JD.5069.8 million during the first eleven months of 2020 [i.e., a decrease by 5.2% compared with the same period of 2019]. Meanwhile, the national exports value reached JD.4537.5 Million during the first eleven months of 2020 [i.e. a decrease by 0.1% compared with the same period of 2019]. The value of re-exports reached JD 532.3 million during the first eleven months of 2020 which indicates a decrease by 33.9% as compared with the same period of 2019. The imports value reached JD.10958.0 million during the first eleven months of 2020, thus decreasing by 12.4% 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 JD.5888.2 million therefore; the deficit has decreased during the first eleven  months of 2020 by 17.8% compared with the same period of 2019. The imports coverage by total exports has become 46.3% during the first eleven months of 2020 while it was 42.8% for the same period of 2019, which means an increase by 3.5 percentage points.

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