Jordan narrows Q1 trade deficit

May 24, 2014 12:47 pm

Figures released by Jordan’s Department of Statistics indicate the kingdom’s trade deficit narrowed by 4.6% in the first quarter of 2014 from a year earlier to JD2.3bn ($3.2bn), mainly due to increased exports of pharmaceuticals and fresh produce, Reuters has reported. The value of imports in the first three months of the year stood at JD3.78bn, unchanged from a year earlier. The kingdom’s total exports reached JD1.45bn, rising 8.5% from the same period last year, helped by a boost in exports to neighbouring countries and the Arab Gulf, and fertiliser sales to long-term Asian customers.