Jordan's trade deficit up by 27.9% in first 8 months of 2021— DoS

AMMAN — The Kingdom's trade deficit increased during the first eight months of 2021 by 27.9 per cent to reach JD5.37 billion, compared with the same period in 2020, where it stood at JD4.199 billion, the Department of Statistics (DoS) announced on Monday.

According to a DoS report on foreign trade in Jordan, cited by the Jordan News Agency, Petra, the volume of total exports in the January-August period of 2021 increased by 13.7 per cent to JD4.127 billion, compared with the same period of 2020.

National exports in the first eight months of 2021 also increased by 15.9 per cent to JD3.745 billion, compared with the same period of last year.

The report also showed that re-exports stood at JD381.8 million in the first eight months of 2021, marking a 4.3 per cent drop, compared with the same period of 2020.

Jordan's imports in the January-August period of 2021 rose by 21.3 per cent to JD9.497 billion, compared with JD7.830 billion in the same period of last year, the DoS figures showed.

The percentage of total export coverage for imports in the first eight months of 2021 stood at 43.5 per cent compared with 46.4 per cent in the same period of 2020, marking a drop of 2.9 per cent. 

At a monthly level, the Kingdom's national exports in August alone increased by 11.4 per cent to JD548.8 million compared with JD492.6 million during the same month of 2020, DoS added.