Trade balance deficit stands at 4 per cent in Q1

By JT - Jun 06,2017 - Last updated at Jun 06,2017

AMMAN — The trade balance deficit in the first quarter of 2017 stood at 4 per cent, thanks to the increase in national exports by 4.5 per cent and the drop of imports by 0.4 per cent, the Department of Statistics (DoS) said on Monday.

National exports in the first three months totalled JD998 million, marking a 4.5 per cent rise compared to the same period last year, said the DoS, as reported by the Jordan News Agency, Petra. The value of reexported items in the January-March period stood at JD240 million, up by 16 per cent compared to the same period last year.

DoS data showed that the Kingdom’s imports in 2017’s first quarter dropped by 0.4 per cent to JD3.440 billion, compared with JD3.460 billion registered in the same period of 2016. The value of total exports (national and reexported) in the first three months of the year went up by 6.7 per cent to JD1.240 billion.

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