Jordan’s total exports reached JD5.366 billion in the first seven months of 2024, marking a 1.9% increase compared to JD5.268 billion during the same period in 2023, according to data from the Department of Statistics. National exports saw a slight decline of 0.7%, dropping to JD4.857 billion from JD4.890 billion year-on-year. In contrast, re-exports experienced a notable increase, rising 34.7% to JD509 million, compared to JD378 million in the same period last year.
Imports during this period rose by 0.8%, reaching JD10.742 billion, up from JD10.659 billion in 2023. As a result, Jordan’s trade deficit narrowed by 0.3%, decreasing to JD5.376 billion from JD5.391 billion. The report also highlighted an improvement in the export-to-import coverage ratio, which increased to 50% by the end of July 2024, up from 49% during the same period in 2023. This indicates a modest increase in the country’s ability to cover its imports with export revenues.
For July 2024 alone, total exports amounted to JD922 million, with JD839 million attributed to national exports and JD83 million to re-exports. Imports for the month reached JD1.859 billion, resulting in a trade deficit of JD937 million. On a monthly basis, total exports in July 2024 surged by 18.5% compared to July 2023, with national exports up 17.2% and re-exports rising by 33.9%. Imports for the month increased by 14.3%, while the trade deficit widened by 10.4%. The export-to-import coverage ratio improved to 50%, up from 48% in July 2023.
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