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Oman's oil bill increased 24.5% in the first five months of this year compared to the same period in 2017.
According to the monthly statement released yesterday by the Department of Statistics , the value of Jordanian imports of crude oil and its derivatives During the same period last year
The trade deficit, which represents the difference between the value of imports and the value of total exports , decreased by 6.2%, from 3.8% to 3.6 billion dinars. Billion dinars during the same period last year.
The total export coverage ratio for imports
was 36.7% during the first five months of 2018, while the coverage rate was 34.8% during the same period of 2017, an increase of 1.9 percentage points. In the first five months of 2018, it amounted to about 2.1 billion dinars, an increase of 1.7 percent over the same period of 2017. The value of domestic exports during the five first months of 2018 raised to 1.7 billion dinars. Re-exported 358.7 million dinars in the first five months of the year 2018 (2.2%) compared to the same period in 2017. Imports reached 5.7 billion dinars in the first five month of 2018, a decrease of 3.5% over the same period in 2017.
In terms of product structure The value of national exports of apparel and related accessories increased by 16.3 %, crude potash by 14.2% and fertilizers by 27.1%, while domestic exports of pharmaceuticals decreased by 5.9%, crude phosphate by 20.3% (2.3%). Imports of crude oil and its derivatives increased by 24.5%, steel products by 17.6%, plastic products and their products by 9.3%, the value of imports of machinery and tools 25.8%, motorcycles and parts thereof (29.8%), electrical machinery and apparatus and parts thereof 1.6%
For major foreign trading partners, the value of domestic exports to NAFTA rose by 15.6%, including the United States by 15.1% Arab Ben Regarding imports, the value of imports increased significantly by 8.4% compared to the countries of the Large Arab Free Trade Area (-19.49%), including Saudi Arabia (-24.9%) and 25.3% by the United States. (2.4%) and the European Union (3.9%), including Germany (3.6%).
For trade with GCC countries, the value of imports from these countries was 1264.2 million Jordanian dinars, or 22.0% of the value of imports during the 1980s. first five months of 2018. The total exports of these countries amounted to 402.8 million dinars or 19.1% of total exports during the same period.
Main reasons for the decline in the value of national exports during May 2018, due to the decline in the value of domestic exports of inorganic chemicals from 22.4 million dinars in May 2017 to 11, 9 million dinars in the same month of 2018, (46.9%) and the decline in the value of national exports of live animals reaching 7.5 million dinars in May 2018 against 16.8 million dinars at the same month of 2017, a decrease of 1965.9002 (55.4%) and the decrease of national vegetable exports from 21.1 Million in May 2017 to 16.0 million dinars in the same month of 2018 [1(242%)etlabaissedelavaleurdesexportationsnationalesdephosphatebrutde290millionsdedinarsenmai2017à236millionsdedinarsaucoursdumêmemoisde2018à[19659002] (18.6%). Domestic exports of pharmaceuticals, plastics and articles thereof, stone goods, plaster, cement, jewelery, precious metals, cars, tractors, bicycles, parts and accessories.
Exports of these products accounted for 30.5% of the total value of domestic exports in May 2018, compared to 39.4% of the value of national exports in the same month of 2017.
are ranked first among goods, which was included in national exports in May 2018, and pharmaceuticals ranked second, while vegetables, fruits and potash ranked third and fourth respectively.
Data indicate that the value of national fertilizer exports increased by 59.5%, machinery and electrical appliances and their parts by 55.0%, fruits by 20.7%, machinery and machinery and machinery parts of 87.2% in May 2018.
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