Jordan's imports drop by 12.5% in 7 months

The total value of the Kingdom's imports during the first seven months of this year declined by 12.5…

The total value of the Kingdom's imports during the first seven months of this year declined by 12.5 per cent, compared to the same period of last year, statistics showed Monday. The decrease was attributed to the drop in the value of imported oil and its derivatives as well as steel.

The value of the Kingdom's total exports also went down by 7 per cent to JD3.2 billion.

The Department of Statistics (DoS) indicated that national exports dropped by 7.7 per cent by the end of July 2015 to JD2.7 billion.

Data showed an increase in the value of exported clothes and raw phosphate, and a decline in the value of exported fruit and vegetables, raw potash, pharmaceuticals and fertilisers.

As a result, the commercial balance deficit went down by 15.7 per cent in the January-July period of 2015, compared to the same period of the previous year.