National Exports decrease by 19.4 % and imports by 17.1% during 2009

        The statistical data issued by the Department of Statistics indicate a decrease in the value of national exports by 19.4 % during 2009 and there was a drop in the re-exports by 21.3 % compared with the same period of 2008.The value of imports has decreased also by 17.1% during 2009.

    The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports was 5474 million dinar in current prices, this means a drop by 14.8 % during 2009 as compared to the same period of 2008, therefore the imports coverage by exports stood at 45.2 %, meanwhile the imports coverage by exports was 46.7 % for the same period of 2008, which means a decrease by 1.5 percentage points. The imports coverage by exports during December 2009 was 46 %; meanwhile the imports coverage by exports was 55% for the same month of 2008 (i.e. a decrease by 9 percentage points).

     As for commodities, the main exported items that witnessed a decrease in their export value were the apparel and related accessories, pharmaceutical products, crude potash, fertilizers and vegetables and crude phosphates. Meanwhile, there was a decrease in Jordan’s imports of crude oil, machinery and electrical appliances, cereals and iron and its products while there was an increase in the imports value of vehicles, motorcycles and its products.

Regarding trade with the main partners, there was a decrease in the national exports to non-Arab Asian countries part of which is India.  There was a retreat also in the national exports to the Greater Arab Trade Zone countries and North American Free Trade Agreement (NAFTA) countries due to the retreat of the exports to the United State of America, and the European Union countries part of which is Holland. 

        There was a notable decrease in the imports from the Greater Arab Trade Zone countries especially Saudi Arabia who is the main source of crude oil imports in addition to the European Union countries and the non-Arab Asian countries part of which is China. In contrast, there was an increase in imports from the North American Free Trade Agreement (NAFTA) countries part of which is the United States of America (USA).

 

The most important exported and imported commodities during 2008 & 2009

    Value in (JD Million)

National Exports

Imports

Commodities

2008

2009

Growth Average %

Commodities

2008

2009

Growth Average %

Apparels

716.4

589.0

17.8-

Crude Oil

1857.9

1066.5

42.6-

Fertilizers

612.1

310.1

49.3-

Machinery and its parts

1024.3

857.7

16.3-

Pharmaceutical products

352.8

334.0

5.3-

Machinery electrical appliances and their parts

901.6

626.9

30.5-

Vegetables

276.7

264.8

4.3-

Vehicles, Motorcycle and their parts

835.3

983.6

17.8

Crude Potash

545.3

317.2

41.8-

Iron and its products

791.7

597.8

24.5-

Crude Phosphates

371.9

263.9

29.0-

Cereals

656.9

374.2

43.0-

Others

1555.9

1494.3

4.0-

Others

5993.2

5486.8

8.4-

National Exports

4431.1

3573.3

19.4-

Total of Imports (2)

12060.9

9993.5

17.1-

Re-exports

1201.9

946.4

21.3-

 

 

 

 

Sum total of Exports (1)

5633.0

4519.7

19.8-

Trade Deficit (1)-(2)

6427.9-

5473.8-

14.8-

 

Main trade partners and Economic cartels during  2008 & 2009- Value in (JD Million)

National Exports

Imports

Economic Cartels

2008

2009

Growth Average %

Economic Cartels

2008

2009

Growth Average %

Greater Arab Trade Zone countries

1848.0

1845.3

0.1-

Greater Arab Trade Zone Countries

3999.2

3164.4

20.9-

 

Of which Iraq

574.4

 

607.5

5.8

Of which Saudi Arabia

2549.9

1729.0

32.2-

North American Free Trade Agreement Countries

745.3

620.2

16.8-

North American Free Trade Agreement countries

620.1

744.3

20.0

Of which USA

736.2

612.0

16.9-

Of which USA

551.1

693.8

25.9

Non-Arab Asian countries

1476.2

879.7

40.4-

Non-Arab Asian countries

3500.6

2945.4

15.9-

Of which India

916.1

485.6

47.0-

Of which China

1252.2

1093.9

12.6-

European Union Countries

182.2

107.0

41.3-

European Union Countries

2541.5

2169.4

14.6-

Of which Holland

35.7

7.5

79.0-

Of which Germany

720.3

628.8

12.7-

Other Economic Cartels

179.4

121.1

32.5-

Other Economic Cartels

1399.5

970.0

30.7-

Of which Free Zone

91.6

47.1

48.6-

Of which Russia

276.0

248.9

9.8-

 

 

 

 

Imports coverage by Exports during 2008-2009

12

11

10

9

8

7

6

5

4

3

2

1

Month/Year

45.2% 

 45.1%

 46.2%

46.2 %

 46.4%

46.8%

49.3%

50.9%

51.5%

45.3%

60.4%

52.2%

2009

 46.7%

 46.1%

 45.8%

 45.5%

 45.1%

43.1%

43.0%

43.5%

41.5%

39.6%

44.2%

39.1%

2008