Jordan's Trade deficit narrows

(MENAFN - Jordan Times) The trade deficit narrowed by 22.9 per cent in the first nine months of this year to JD3,928.8 million compared to JD5,095.9 million in the same period of last year.

The decline was due to lower imports and exports by almost similar percentages with total exports (national and reexports) down by 20.5 per cent from JD4,246.1 million during January-September 2008 to JD3,374.6 million at the end of September 2009. The decline in exports covered garments, medicines, potash, fertilizers and phosphate.

Petroleum, electronics, seeds, iron were among the imports that dropped despite an increase in the imports of vehicles and motorcycles and spare parts.