Recent economic trends indicate the Middle East's enduring interconnectivity. Notably, the trade volume between Egypt and Jordan reached an impressive 252 million dinars during the period from January to May of this year, as reported by official figures.
According to data released by the General Statistics Department, there has been a noticeable decline in national exports to Egypt in the first five months of 2023. The exports amounted to nearly 45 million dinars, a drop when compared to the approximate 66 million dinars recorded during the same period the previous year, as cited by international media outlets.
Furthermore, Jordan has experienced a downturn in its import value from Egypt. By the end of May, imports stood at about 207 million dinars, a decline from the 236 million dinars of the preceding year.
The data also revealed the trade deficit between Jordan and Egypt. As of May this year, the deficit was 162 million dinars, slightly improved from the 170 million dinars deficit during the same timeframe in the previous year.
This trade relationship, and the evolving figures, highlight the intricate economic dynamics of the Middle East, and the importance of monitoring these shifts for potential investment and policy decisions.
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