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Jordan抯 exports decline during first five months of 2016Tuesday, July 26, 2016 > 12:16:02
(Middle East Monitor)
The value of Jordanian exports decreased during the first five months of 2016 by 5.6 per cent compared to the same period last year.
According to statements issued by the Jordanian Department of Statistics (DOS), the trade deficit rose during the first five months of the year by 2.8 per cent, compared to the period from January until the end of May 2015.
Foreign trade data showed a reduction in the value of Jordanian exports to the Greater Arab Free Trade Area (GAFTA) by 9.8 per cent, and to the North American Free Trade Agreement (NAFTA) by 1.6 per cent.
Jordanian exports to the non-Arab Asian countries also dropped by 19.1 per cent.
As for imports, the value of imports from the North American Free Trade Agreement countries has clearly risen by 10.3 per cent, as well as a decent 18.7 per cent from the European Union countries.