Middle East & Africa: Macroeconomic overview
Jordan’s growing dependence on LNG imports is widening the kingdom’s trade deficit and forcing it to rely on external aid.
Jordan registered a trade deficit of $630 million in March 2016 – its highest level since November 2014. The kingdom became an LNG importer in May last year, and its appetite for the fuel has grown substantially since then. Jordan imported 1.54 mt of LNG in H1 2016, much higher than the 80,000 tons it imported during the same period last year.