Trade balance deficit with EU drops 21.8% in Q1 2020

AMMAN — Jordan's trade balance deficit with countries of the European Union (EU) dropped by 21.8 per cent during the first four months, to reach some JD666 million, compared with JD852 million during the same period of 2019, according to the Department of Statistics' (DoS) figures.

The volume of national exports to EU countries during the first four months of 2020 totalled JD44 million, marking a 9.9-per cent decrease, in comparison with JD49 million during the same period of 2019.

The department's report revealed that imports from the EU countries also fell by 21.2 per cent, reaching JD710 million, compared with JD901 million during the same period of comparison.

Jordan’s trade balance deficit dropped by 26.3 per cent in the first third of 2020,  the Jordan News Agency, Petra, reported on Tuesday.