Jordan’s exports dropped by 2% in first 7 months of 2020 — Hammouri

AMMAN — The Kingdom's foreign trade went down throughout the first seven months of 2020, compared with the same period of 2019, as the Kingdom's exports dropped by 2 per cent, Minister of Industry, Trade and Supply Tareq Hammouri said on Tuesday.

The drop in Jordan's trade balance deficit by 24.4 per cent was a result of “a widening gap” between exports and imports, which decreased by 16.9 per cent during the January-July period, he added, citing the repercussions of the COVID-19 pandemic.

The minister, in a statement reported by the Jordan News Agency, Petra, said that according to the Department of Statistics' figures, the Kingdom's exports during July increased by 5.2 per cent, compared to the same period of 2019.

Highlighting the positive indicators of the recovery of the Kingdom's exports, Hammouri said that the Kingdom's exports in July increased by 16 per cent, compared with June of 2020 to reach JD527.8 million.