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FINANCIAL NEWS
Jordan posts 23% increase in trade gap in H1
15 Aug 2012
(MENAFN) Jordan’s Department of Statistics (DoS) stated that during the January-June period, the country’s trade gap expanded by 23 percent to USD6.75 billion from USD5.34 billion in 2011’s same period, reported The Jordan Times.
The agency said that exports of the Kingdom fell by 2.1 percent in value terms, reaching USD3.94 billion, compared with USD4.02 billion a year ago.
On the other hand, total imports jumped 12.2 percent to USD10.49 billion, up from USD9.35 billion in 2011’s first half.
The value of imported energy products, which include crude petroleum, oil derivatives and electricity, surged by 30.8 percent reaching USD3.53 billion, up from USD2.69 billion.
It is worth noting that the country’s main exports, including garments, raw potash, pharmaceuticals and raw phosphate grew in volume, while exports of vegetables and fertilizers fell in terms of value.
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