Kingdom's exports grow 4.8% to JD7.064b by September - DOS

AMMAN — The Kingdom’s total exports rose by 4.8 per cent in the first nine months of 2024, reaching JD7.064 billion, compared with JD6.738 billion during the same period in 2023, according to the Department of Statistics (DOS) latest report on foreign trade.

National exports grew by 2.7 per cent, totalling JD6.413 billion by the end of September, up from JD6.246 billion in the same period last year. 

Meanwhile, imports increased by 0.8 per cent, amounting to JD14.012 billion compared with JD13.894 billion in 2023, according to the Jordan News Agency, Petra.

Re-exports saw the most significant growth, increasing by 32.3 per cent to JD651 million, compared to JD492 million during the same period last year.

The trade deficit — the gap between imports and total exports — narrowed by 2.9 per cent, falling to JD6.948 billion from JD 7.156 billion in 2023. 

Export coverage of imports improved, with the ratio standing at 50 per cent by the end of September 2024, up from 48 per cent in the same period of the previous year, marking a 2-percentage-point increase.

In September alone, total exports reached JD836 million, comprising JD769 million in national exports and JD67 million in re-exports. Imports for the month stood at JD1.554 billion, resulting in a trade deficit of JD718 million.

Compared with September 2023, total exports surged by 23.3 per cent, national exports by 22.8 per cent, and re-exports by 28.8 per cent. 

Imports also increased by 0.8 per cent, while the trade deficit decreased significantly, decreasing by 16.8 per cent.