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 |
|
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|
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 |
|
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|
Fertilizers |
227.3 |
559.6 |
146..2 |
Vehicles, Motorcycle and their parts |
581.1 |
717.4 |
23.5 |
|
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|
Crude Potash |
180.3 |
420.9 |
133.4 |
Iron and its products |
443.2 |
686.3 |
54.9 |
|
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|
Crude Phosphates |
118.7 |
277.1 |
133.4 |
Cereals |
388.6 |
519.4 |
33.7 |
|
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|
Others |
921.0 |
1284.7 |
39.5 |
Others |
3986.1 |
4948.7 |
24.1 |
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|
National Exports |
2638.9 |
3672.1 |
39.2 |
Total of Imports (2) |
7794.5 |
10303.2 |
32.2 |
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|
Re-exports |
688.2 |
956.1 |
38.9 |
|
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|
Sum total of Exports (1) |
3327.1 |
4628.2 |
39.1 |
Trade Deficit (1)-(2) |
-4467.4 |
-5675.0- |
27.0 |
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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
