Jordan’s oil, jewelry, grains imports down in 8 months

Jordan experienced a decrease in the percentage of imports for crude oil and its derivatives, jewellery, grains, and other materials during the January-August period of 2023, resulting in a decline in the overall value of imports, Petra reports.

Foreign trade data issued by the Department of Statistics (DoS) on Monday showed a decline in the percentage of the Kingdom’s imports until the end of August of the current year, for crude oil, its derivatives, and mineral oils by 19.2 percent, jewellery by 28.5 percent, and grains by 16.6 percent, in addition to other materials by 3.8 percent.

Conversely, Jordan saw a surge in imports by the end of August in certain categories. Imports of vehicles, bicycles, and their parts soared by 33.1 percent, machinery, and mechanical tools by 12.3 percent, and electrical machines and devices by 7.4 percent.

According to the data, the value of the Kingdom’s imports during the same reporting period for crude oil and its derivatives amounted to approximately JD1.996 billion, vehicles and bicycles around JD1.014 billion, and machinery and mechanical tools at about JD775 million.

By the end of August 2023, the total value of the Kingdom's imports consisted of approximately JD826 million for jewellery and machinery, around JD598 million for machinery and electrical appliances, roughly JD477 million for grains, and a significant amount of approximately JD6.610 billion for various other materials.

According to statistics data, the total value of the Kingdom's imports fell by 6% from the beginning of this year to the end of last August, reaching JD12.296 billion, compared to JD13.078 billion for the same period last year.