National exports decrease by 2.0% and Imports decrease by 16.9% during the first seven months of 2020
The monthly report of the external trade issued by the Department of Statistics indicates that the value of total exports reached 3094.8 million JDs during the first seven months of 2020 with a decrease by 6.3% compared with the same period of 2019. Meanwhile, the national exports value reached 2739.4 million JDs during the first seven months of 2020 with a decrease by 2.0% compared with the same period of 2019. The value of re-exports reached 355.4 million JDs during the first seven months of 2020 with a decrease by 30.3% compared with the same period of 2019. The imports value reached 6635.3 million JD during the first seven months of 2020, thus decreasing by 16.9% 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 3540.5 million JD, therefore, the deficit has decreased during the first seven months of 2020 by 24.4% compared with the same period of 2019. The imports coverage by total exports has become 46.6% during the first seven months of 2020, while it was 41.4% for the same period of 2019, which means an increase by 5.2 percentage points.
