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...