National Exports rise by 39. 2% during the first ten months of 2008

The statistical data issued by the Department of Statistics indicate a rise in the value of national exports by 39.2 % and the re-exports by 38.9 % during the first ten months of 2008 compared with the same period of 2007. In contrast, the value of imports has risen by 32.2 % during the first ten months of 2008.

The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has risen by 27 % during the first ten months of 2008 as compared to the same period of 2007, therefore the imports coverage by the exports stood at 44.9 % during the first ten months of 2008, meanwhile the imports coverage by the exports was 44.4 % during the first nine months which means an increase by 0.5%.

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

Regarding trade with the main partners, there was a rise in the national exports to Asian countries, particularly India and the Greater Arab Trade Zone part of which is Iraq and the European Union countries part of which is Italy. On the other hand, there was a retreat in the national exports to North America Free Trade Agreement (NAFTA) countries that resulted from the retreat in exports to the United States of America (USA)

  There was a notable increase in the imports from the Grater Arab Trade Zone countries especially Saudi Arabia who is the main crude oil exporter in addition to the European Union countries, the non-Arab Asian countries and the North America Free Trade Agreement (NAFTA) countries.

 

The most important exported and imported commodities during the first ten months of 2007& 2008

Value in (JD Million)

National Exports

Imports

 

Commodities

2007

2008

Growth Average %

Commodities

2007

2008

Growth Average %

 

Apparels

720.4

612.6

-15..0

Crude Oil

1092.2

1790.3

63.9

 

Pharmaceutical products

235.4

292.1

15.3

Machinery and its Parts

643.2

849.2

32.0

 

Vegetables

217.8

225.1

3.4

Machinery, electrical appliances and their parts

660.1

791.9

20.0

 

Fertilizers

227.3

559.6

146..2

Vehicles, Motorcycle and their parts

581.1

717.4

23.5

 

Crude Potash

180.3

420.9

133.4

Iron and its products

443.2

686.3

54.9

 

Crude Phosphates

118.7

277.1

133.4

Cereals

388.6

519.4

33.7

 

 

Others

921.0

1284.7

39.5

Others

3986.1

4948.7

24.1

National Exports

2638.9

3672.1

39.2

Total of Imports (2)

7794.5

10303.2

32.2

 

Re-exports

688.2

956.1

38.9

 

 

Sum total of Exports (1)

3327.1

4628.2

39.1

 Trade Deficit (1)-(2)

-4467.4

-5675.0-

27.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Main trade partners (Economic cartels)during the first ten months of 2007 & 2008

Imports

National Exports

Growth Average %

2008

2007

Economic Cartels

Growth Average %

2008

2007

Economic Cartels

41.3

3571.2

2528.0

Greater Arab Trade Zone countries

32.0

1441.4

1091.6

Greater Arab Trade Zone countries

51.6

2358.0

1554.9

Of which Saudi Arabia

54.5

462.7

299.4

Of which Iraq

25.3

516.3

412.2

North American Free Trade Agreement countries

-16.1

633.6

755.4

North American Free Trade Agreement

Countries

24.4

458.4

368.5

Of which USA

-16.2

626.3

747.7

Of which USA

34.1

2964.9

2210.9

Non-Arab Asian countries

122.5

1213.4

545.4

Non-Arab Asian countries

35.5

1059.5

781.7

Of which China

179.5

749.4

268.1

Of which India

9.8

2121.7

1932.6

European Union Countries

74.1

158.1

90.8

European Union Countries

2.7

609.7

593.6

Of which Germany

77.6

27.7

15.6

Of which

Italy

58.8

1129.1

710.8

Other Economic Cartels

44.9

225.6

155.7

Other Economic Cartels

126.5

424.4

187.4

Of which Ukrain

36.6

78.0

57.1

Of which Algeria

 

Main trade partners (Economic cartels)during the first ten months of 2007 & 2008