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Jordanian imports of Israeli goods decreased

March 8, 2014 at 4:35 pm

Jordanian imports from Israel have decreased by 11 per cent during the first ten months of 2013 reaching JOD 53.3 million compared with JOD 60.1 million in the same period of the previous year, Jordan’s Statistics Bureau said.

On a monthly basis, the imports in October 2013 decreased to JOD 4.6 million compared with JOD 5.6 million in the same month of the previous year. This is equal to 18 per cent decrease in imports.

Jordan mainly imports vegetables and fruits from Israel, including mangoes and persimmons, as well as gems, jewellery, oil and olives.

The trade balance between the two countries is in Israel’s favour as Jordanian imports from Israel exceed exports.

Regarding exports, Jordan’s exports to Israel during the ten months of 2013 increased, reaching JOD 46.4 compared to JOD 45.5 million in the same period of the previous year.

Jordan’s monthly exports to Israel jumped in October of 2013 to JOD 11.4 from JOD 4.46 million in the same period in the previous year (i.e. 155per cent increase).

Jordanian trade deficit, which represents the difference between total exports and imports, increased in the first ten months of 2013 by 12.3 percent compared with the same period of the previous year, reaching JOD 8.3 billion.

The percentage of coverage of imports by exports reached 35.8per cent in 2013, down from 38.6 per cent in 2012, a decrease of 2.8 per cent.