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FINANCIAL NEWS
Jordan’s trade gap narrows in 2009
18 Feb 2010
(MENAFN) A report issued by Jordan’s Department of Statistics (DoS) showed that the kingdom’s trade deficit has narrowed by 14.8 percent last year to $7.7 billion compared with 2008, according to official figures.
Jordanian exports in 2009 dropped by 19.4 percent to $6.36 billion from $7.9 billion generated in 2008, while imports went down by 17 percent from $17 billion in 2008 to $14 billion last year, the report showed.
The major decline in Jordan’s exports was in the fertilisers sector which went down by almost 50 percent, followed by crude potash which stood at $447.7 million compared to $770 million in 2008, the report pointed out.
The decline in the Kingdom’s imports last year was mainly due to a 42 percent drop in the crude oil bill which stood at $1.5 billion as a result of the drop of international oil prices.
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