São Paulo – Driven by products such as potash, nitrogen fertilizers and apparel, Jordan’s exports rose 5.8% in the first five months of this year from the same period last year, Jordan’s state news agency Petra reported, citing the government’s Department of Statistics monthly foreign trade report.
The Arab country grossed DT 3.796 billion (USD 5.35 billion at the current exchange rate) in export revenue from goods produced domestically between January and May. Re-exports—goods imported into the country and then shipped to other markets—rose an even stronger 31.3% from a year earlier to DT 1.38 billion (USD 1.9 billion). Combined exports and re-exports totaled DT 5.183 billion (USD 7.3 billion), up 11.6%.
Raw potash was the country’s standout export, with international sales revenue rising 38.4%. Revenue from nitrogen fertilizers and other chemical fertilizers increased 15.3%, while apparel and accessories posted a 1.2% gain. The figures are based on export revenue.
As a result, Jordan’s trade deficit narrowed 17.1% to DT 3.011 billion (USD 4.2 billion). The decline was also driven by a 1% drop in imports. Jordan imported goods worth DT 8.194 billion (USD 11.5 billion) between January and May. Among imported products, purchases of crude oil and petroleum products rose 41.9%, while imports of plastics and plastic products increased 8.5%.
Translated by Guilherme Miranda
