Jordan recorded a trade deficit of 577381 JOD Thousands in July of 2020.

Balance of Trade in Jordan averaged -261122.55 JOD Thousands from 1972 until 2020, reaching an all time high of -3400 JOD Thousands in January of 1974 and a record low of -1034553 JOD Thousands in April of 2014. This page provides - Jordan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jordan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Jordan is expected to be -752414.57 JOD Thousands by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Jordan to stand at -799450.00 in 12 months time. In the long-term, the Jordan Balance of Trade is projected to trend around -752423.93 JOD Thousands in 2021 and -741000.00 JOD Thousands in 2022, according to our econometric models.

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Jordan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-577381.00 -508983.00 -3400.00 -1034553.00 1972 - 2020 JOD Thousands Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-01-24 10:00 AM Nov JOD-872.4M JOD-691.4M JOD -710M
2020-02-27 10:00 AM Dec JOD-562.5M JOD-872.4M JOD -662M
2020-04-20 01:30 AM Jan JOD-587.7M JOD-562.5M JOD-844.6M
2020-05-26 10:00 AM Feb JOD-627.8M JOD-587.7M JOD-731.6M

Jordan Balance of Trade
Jordan’s trade flows are characterized by consistent trade deficits. Jordan's exports rely on the mining and manufacturing sectors. As such, phosphate, potash and textiles are key elements of Jordanian trade. Jordan’s imports consist of machinery and transport equipment, fuels, food, manufactured chemicals and electrical machines. Jordan's main trading partners are Saudi Arabia, the United States, India, Iraq and China.