National exports decrease by 3.1% and Imports decrease by 19.0% during the first third of 2020

National exports decrease by 3.1% and Imports decrease by 19.0% during the first third of 2020

The monthly report of the external trade issued by the Department of Statistics indicates that the value of total exports reached 1632.5 million JDs during the first third of 2020 with an decrease by 7.5% compared with the same period of 2019. Meanwhile, the national exports value reached 1423.7 million JDs during the first third of 2020 with an decrease by 3.1% compared with the same period of 2019. The value of re-exports reached 208.8 million JDs during the first third of 2020 with an decrease by 29.5% compared with the same period of 2019. The imports value reached 3678.3 million JD during the first third of 2020, thus decreasing by 19.0% 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 2045.8 million JD, therefore, the deficit has decreased during the first third of 2020 by 26.3% compared with the same period of 2019. The imports coverage by total exports has become 44.4% during the first third of 2020, while it was 38.9% for the same period of 2019, which means an increase by 5.5 percentage points.

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