Jordan Expenditures on Oil Importation Decline 41.2% in 2015

National Deficit Shrink 14%, Exports to Arab FTA and Europe 8.1% and 42.9%

تم نشره في Mon 22 February / Feb 2016. 01:00 AM

AMMAN—Al Ghad—Total national expenditure on imported oil products for 2015 dropped 41.2 per cent to JOD2.5 billion from JOD4.2 billion the year before (2014). According to official figures from 2015 published by the Department of Statistics, Jordan imported JOD931 million worth of crude oil, as opposed to JOD1.6 billion from 2014.

Accordingly, imports of some oil products like diesel and industrial fuel into the Kingdom decreased by more than half.

More importantly, national import-export and trade deficit totalled at JOD8.8 billion in 2015, decreasing 14 per cent compared to balances for the same periods from 2014.

National exports — on the other hand, particularly to Arab FTA and Eurozone countries declined 8.1 and 42.9 per cent in 2015; notably exports of fertilisers and vegetables. On the other hand, other exports including coffee beans, tea, spices, and cement increase.