Jordan’s H1 trade deficit widens to $3.9 bln
Jordan's total exports rose 5.2 percent this year.
August 16, 2010 12:44 by Reuters
Jordan’s trade deficit widened 18 percent to 2.792 billion dinars ($3.9 bln) from January to June, against the same period in 2009, due to a higher bill for imported Saudi oil, official data showed on Monday.
Imports rose 11.7 percent in January-June from a year earlier to 5.233 billion dinars due to rises in oil prices and consumption, data from the Department of Statistics showed.
Jordan, which imports most of its energy from Saudi Arabia, saw its crude oil import bill in the first six months of the year surge 55.5 percent from a year ago to 609 million dinars, according to the data.
Imports from Saudi Arabia, the largest exporter to Jordan, topped 918.7 billion dinars, a figure that includes crude oil alongside consumer and industrial goods.
Jordan’s total exports rose 5.2 percent from a year earlier to 2.441 billion dinars in the January-June period.