Trade Deficit Shrinks In 2020

Giving More to Your Wealth
18 Mar 2021

The trade deficit declined by 8.4% in 2020 to USD42.0bn, down from a deficit of USD45.9bn in 2019. This comes as total exports fell 9.5% to USD27.6bn in 2020 from USD30.5bn in 2019, while imports also declined 8.9% to USD69.6bn from USD76.4bn in 2019. (Source: al-Mal Newspaper)

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