Trade deficit up 32pct in Jan-Sep of 2022

Jordan’s trade balance deficit in the January-September period of 2022 increased by 32.8 percent, hitting JD8.137 billion compared to JD6.125 billion in the same period of 2021.

According to a monthly report issued by the Department of Statistics (DoS) on Sunday, total exports in the January-September period of 2022 reached JD6.7 billion, up by 42 percent compared to the JD4.7 billion recorded in the same period of 2021.

National exports in the same period of 2022 rose by 44 percent, reaching JD6.169 billion compared to JD4.283 billion in the same period of 2021, figures showed. The value of re-exports was at JD530.7 million, up by 21.6 percent compared to the JD436 million recorded during the same period of 2021, the DoS added.

Imports also went up by 36.8 percent, reaching JD14.837 billion compared to the JD10.844 billion recorded in the same period of 2021.

On a monthly level, figures showed that total exports in September 2022 reached JD773.2 million, up by 30.7 percent compared to the figure reported during the same month of 2021.

National exports in September 2022 rose by 33 percent, reaching JD714.8 million compared to the figure reported during the same month of 2021. The value of re-exports in September was at JD58.4 million, up by 7.9 percent compared to the figure reported during the same month of 2021.

Imports also went up by 30.5 percent, reaching JD1.823 billion compared to the figure reported during the same month of 2021.

According to the report, the trade balance deficit in September 2022 increased by 30.3 percent, amounting to JD1.05 billion compared to the figure reported during the same month of 2021.

Source: Jordan News Agency