Jordan Daily – Jordan’s oil bill witnessed a significant decline of 5.4% during the first half of 2023, reaching 1.360 billion dinars, according to the latest data released by the Department of Statistics.
In a positive sign for the country’s economy, national exports recorded a notable increase of 6.8%, while imports also saw a slight uptick of 1.2% in the initial five months of the current year compared to the same period in 2022, as reported by the Department.
Despite the progress in exports, Jordan’s trade deficit remained a point of concern, reaching JD 3.966 billion during H1 2023.
Nevertheless, the report also highlighted a silver lining, with the trade balance deficit shrinking by 2.6% in the first five months of 2023 , compared to the same period last year.
