Trade: Jordan trade deficit jumps to 8.6 percent in 2013

Italy fourth largest partner and first Eu exporter to kingdom

23 January, 12:34

    (ANSAmed) - AMMAN, JANUARY 23 - Jordan international trade deficit in the first 11 months of 2013 grew by 8.6 percent, reaching USD 1.2 billion, figures released by department of statistics showed today.

    On the bilateral trade, Italy was singled out at the highest trade partner for the kingdom in the European continent, with total imports mounting to nearly USD 1 billion, or 4.9 percent of the total volume.

    Italy came fourth in terms of bilateral trade after Saudi Arabia, China and the US, showed the study, made available to ANSAmed.

    Overall, imports from Saudi reached USD 3 billion, or 18 percent, China at USD 2 billion or 10 percent, followed by the US, with imports totaling around USD 1.5 billion. Imports of textile, pharmaceutical products increased while exports of potassium, vegetables, and fertilizers dropped. Imports of machinery and electronic items as well as steel products and crud oil increased, according to the figures. On the bilateral trade, exports to neighboring Arab countries increased including Iraq and Egypt while exports to Asian countries such as India dropped. (ANSAmed).

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