National exports rise by 10.3% during the
first eleven months of 2007
National exports rise by 10.3% during the
first eleven months of 2007
The statistical data issued by the Department of Statistics indicate a rise in the value of the national exports by 10.3% and the re-exports by 12.6% during the first eleven months of 2007 compared with the same period of 2006. In contrast, the value of imports has risen by 15.6% during the same period.
The deficit in the trade balance, which is calculated by deducting the value of imports from the value of total exports, has risen by 19.5% during the first eleven months of 2007 as compared to the same period of 2006. The imports coverage by the exports rose to 42.7%during the first eleven months of 2007.
As for commodities, the main exported items were vegetables, pharmaceutical products, phosphates,fertilizers and potash, while there was a retreat in the apparel and related accessories. Meanwhile, there was a rise in Jordan’s imports of cereals, iron, machinery and electrical appliances against a retreat in the imports of crude oil, vehicles and motorcycles.
Regarding trade with the main partners, there was a rise in the exports to Asian countries, especially India and the Greater Arab Trade Zone part of which is Iraq. On the other hand, there was a retreat in Jordan’s 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 rise in the imports from the European Union countries and Asian countries against a retreat in the imports from the Grater Arab Trade Zone countries especially Saudi Arabia who is the main crude oil exporter to Jordan.
Main trade partners (Economic cartels and countries) during the first eleven months of 2006 & 2007
