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Jordan’s trade deficit with the European Union rises 12.9% in 2021

Jordan's trade deficit

Amman, (Business News Report)|| Jordan’s trade balance deficit with the European Union increased by 12.9% during the past year 2021, to reach 2.671 billion dinars.

Jordan’s trade balance deficit in 2020, amounted to 2.364 billion dinars.

Foreign trade data issued by the Jordanian Department of Statistics indicated that the value of national exports to the European Union increased by 29.9% during the past year, to reach about 199 million dinars, compared to the year 2020, which amounted to about 153 million dinars.

The value of imports from the European Union increased last year, by 14%, to about 2.870 billion dinars, compared to the year 2020, which amounted to 2.517 billion dinars.

According to the department’s data, the Netherlands topped the list of Jordanian exports to the European Union last year, reaching about 39 million dinars.

Germany topped the list of countries from which Jordan imports, as the Kingdom’s imports from Germany amounted to approximately 544 million dinars.

In a related context, Minister of Planning and International Cooperation Nasser Al-Shraideh said that the US administration and Congress have approved a new aid package for Jordan for the current year estimated at about $1.650 billion.

Al-Shraideh added: “The aid comes within the framework of supporting the Kingdom’s development and reform programs during 2022, in light of the challenges that cast a shadow on the Jordanian economy, including those imposed by the pandemic crisis and the Syrian refugee crisis.”

The Minister considered in a statement that the approval of this aid is a result of the efforts made with the US administration and Congress during the last period in the context of securing and approving the aid package for the Kingdom.

According to the budget items, which were approved on Thursday, no less than $845.1 million will be allocated to support the Jordanian government’s budget, in addition to $425 million in military aid.

Also, $475 million will be allocated as a direct cash transfer to the budget, $147 million to the water sector, about $91.457 million for economic development and the energy sector, $77 million to support the democracy and good governance sector, $80 million to the education sector, and about $40.343 million to the health sector. information Office.

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