FINANCIAL NEWS

Jordan’s trade deficit grows 26.9%

14 Jun 2011

(MENAFN) Jordan’s Department of Statistics said that in the year’s first four months, the deficit in the country’s balance of trade increased by 26.9 percent reaching USD3.3 billion from USD2.58 billion in the same period a year ago, reported Arab News.

The department added that the exports and re-exports grew 12.4 percent in the same period reaching USD2.56 billion compared with USD2.28 billion in the first four months in 2010.

It also said that a 20.5 percent increase in imports which reached USD5.85 billion in the period from January to April, compared with USD4.85 billion in the same period a year earlier was the main reason behind the increasing trade gap.

It is worth noting that exporters to the Jordanian market are mainly Saudi Arabia which supplies the country with crude oil, followed by China, the US and Germany.

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