Economic

Jordan’s trade deficit declined 15.3 percent in the first quarter

Jordan‘s trade deficit declined by 15.3 percent, on an annual basis, during the first quarter of 2020, to 1.6 billion dinars (2.3 billion dollars).

According to the data of the Jordanian General Statistics Department (government), on Sunday, the foreign trade deficit decreased from 1.9 billion dinars (2.6 billion dollars) at the end of the first quarter 2019.

Total exports to Jordan increased by 2.3 percent to 1.37 billion dinars ($ 1.9 billion), as of the end of last March.

While the value of imports to the country decreased by 8.1 percent, to 3 billion dinars (4.2 billion dollars) during the same period.

The coverage rate of total exports of imports was 45.8 percent during March 2020, compared to 41.1 percent in the same month of 2019.

The country’s oil bill fell 7.6 percent to 511.1 million dinars ($ 720.6 million) as of the end of March, from 552.9 million dinars ($ 779.5 million) in the same period in 2019.

On Thursday, Jordan decided to reopen mosques and churches as of June 5, after a two-and-a-half-month closure, as part of measures to tackle the Coronavirus.

While the Kingdom recorded 8 new cases of the epidemic, raising the total to 728.

This came during a joint press conference held by the government spokesman, Amjad Al-Adayleh, the Minister of Endowments, Muhammad Al-Khalayleh, the Health Minister Saad Jaber, and the President of the Council of Churches, Patriarch Theophilus III.

Jordan's trade deficit declined 15.3 percent in the first quarter

Al-Adayleh began the press conference by announcing the reopening of mosques and churches.

He pointed out that “there is a study to amend the procedures of a comprehensive ban Friday to reach mosques,” at a time when the government imposes a comprehensive ban every Friday.

While Health Minister Saad Jaber announced the registration of 8 new infections in Corona, which raised the total to 728, 11 recovery cases, and the total number to 497, while the deaths amounted to only nine cases.

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