Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
Jordan
Jordans Trade Deficit Narrows Due To Oil Price Slump
Jordans trade deficit narrowed by 23.5% between January and August, compared with the same period in 2008, to reach JD3.49bn ($4.9bn), due to a lower bill for imports of Saudi oil. Figures released by the Department of Statistics showed that the slump in oil prices lowered the kingdoms crude oil import bill by 53.8%, from JD1.41bn ($1.99bn) to JD653mn ($922.6mn). Combined with a fall...
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