Amman, May 7 (Petra) – Jordan's external sector exhibited robust export growth in the initial two months of 2025, with national export revenues advancing 8.1% year-over-year (YoY) to JOD 1.309 billion, up from JOD 1.211 billion in the corresponding period of 2024, according to the latest foreign trade data from the Department of Statistics.

Aggregate export revenues, inclusive of re-exports, expanded by 9.1% YoY to JOD 1.449 billion. Re-exports themselves recorded a substantial 19.7% appreciation, reaching JOD 140 million. However, the Kingdom's import bill also increased, rising by 7.9% YoY to JOD 3.065 billion.

This confluence of factors resulted in a 6.9% expansion of the trade deficit, which settled at JOD 1.616 billion for the January-February 2025 period, compared to JOD 1.512 billion a year prior. Consequently, the export-to-import coverage ratio for the two-month period held steady at 47%.

Analysis of the standalone February 2025 figures indicates a significant positive deviation in monthly trade dynamics. Total export revenues for February reached JOD 747 million, with national exports contributing JOD 675 million and re-exports JOD 72 million. Critically, the import bill for February contracted by 5.3% YoY to JOD 1.442 billion.

This divergence – accelerating export growth (total exports +18.0% YoY; national exports +17.8% YoY; re-exports +20.0% YoY) alongside a contraction in imports – drove a material improvement in the monthly trade balance. The trade deficit for February 2025 consequently narrowed by a significant 21.8% YoY to JOD 695 million.

This improved monthly outturn is further reflected in the export-to-import coverage ratio, which surged to 52% in February 2025. This represents a notable 10 percentage point improvement from the 42% registered in February 2024, underscoring a more favorable trade position for the month.

//Petra// AA

07/05/2025 12:16:48