Amman, Jan. 23 (Petra) - Jordan's national exports witnessed a 3.3% growth from January to November 2024, reaching JD7.832 billion compared to JD7.580 billion during the same period in 2023.

The Department of Statistics' monthly foreign trade report, released on Thursday, revealed that total exports increased by 5.2% during this period, reaching JD8.619 billion, compared to JD8.195 billion in 2023. Re-exports also saw a significant rise, increasing by 28.0% to JD787 million from JD615 million.

Meanwhile, imports increased by 1.8% to JD17.285 billion, compared to JD16.982 billion in 2023.

The report indicated that the Kingdom's trade deficit, which represents the difference between imports and total exports, decreased by 1.4% to JD8.666 billion, compared to JD8.787 billion in 2023.

The report further revealed that the total export coverage rate for imports reached 50%, an increase of 2 percentage points compared to 48% in 2023.

On a monthly basis, total exports in November 2024 amounted to JD743 million, comprising JD672 million in national exports and JD71 million in re-exports. Imports during the same month reached JD1.620 billion, resulting in a trade deficit of JD877 million.

This represents a 2.0% decrease in total exports compared to November 2023. National exports declined by 3.4%, while re-exports increased by 14.5%. Imports, however, witnessed a 20.8% increase.

The total export coverage ratio for imports in November 2024 was 46%, a decrease of 11 percentage points compared to 57% in November 2023.

//Petra// AO

23/01/2025 16:52:35