Jordan-US Trade Balance Registers Jd105m Surplus In Q1 Of 2022

2022-06-05 11:07:35

(MENAFN- Jordan Times)

AMMAN — The Kingdom's trade balance with the US recorded a surplus amounting to about JD105 million in the first quarter of 2022, the Jordan News Agency, Petra, reported.

Foreign trade data issued by the Department of Statistics indicated that the value of national exports to the US during the first quarter of 2022 increased by six per cent, reaching about JD365 million, compared with the same period in 2021, which amounted to JD344 million.

Similarly, the value of US imports to the Kingdom also increased in the first quarter of 2022, reaching about JD260 million, compared with JD245 million in the same period in 2021.

Among the most prominent Jordanian exports to the US market are clothing, textiles, engineering industries, foodstuffs, Dead Sea cosmetics, in addition to jewellery.

The balance of trade, considered one of the important economic indicators, represents the difference between the value of imports and exports.

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