Jordan Trade, Exports and Imports

Jordan ranked fourth in the Middle East in the 2009 Global Trade Enabling Report, after the UAE, Bahrain and Qatar. The nation is emerging as a free market economy and a member of the WTO (World Trade Organization).

Jordan ranked fourth in the Middle East in the 2009 Global Trade Enabling Report, after the UAE, Bahrain and Qatar. The nation is emerging as a free market economy and a member of the WTO (World Trade Organization).

Jordan’s trade sector is growing rapidly. Thanks to regional insatiability in Iraq and Lebanon, Jordan is emerging as a stable alternative. Jordan also has more Free Trade Agreements than any other Arab country in the world. For instance, it has signed FTAs with the European Union, the United States, Canada, Syria, Algeria, Tunisia, Singapore, Malaysia and Libya. The country is also party to the Agadir Agreement, the Greater Arab Free Trade Agreement and the Euro-Mediterranean free trade agreement.

Jordan Trade Profile

Jordan has abundant sources of potash and phosphate, which contribute a major share to its exports. Also, there has been an annual increase of 9% in the exports of manufactured goods. The nation relies on foreign trade to fulfill its requirement for energy. Transport, mining, manufacturing and other export-oriented sectors of Jordan were severely impacted in the late 2000s by the global financial crises. Re-exports also declined sharply during the recession.

Exports fell to $6.989 billion  from $7.782 billion in 2008. Jordon imported goods worth $12.31, which was lower than the $14.99 billion worth of goods imported in 2008.

 

Jordan Exports: Commodities

Jordan primarily exports the following commodities:

• Clothing

• Fertilizers

• Potash

• Phosphates

• Vegetables

• Pharmaceuticals

Jordan Exports: Partners

Jordan exports primarily to the following partners: India (16.2% of exports), Iraq (16.1%), US (13.2%), Saudi Arabia (6.9%) and UAE 4.6%.

 

 

Jordan Imports: Commodities

Jordan primarily imports the following commodities:

• Crude oil

• Machinery

• Transport equipment

• Iron

• Cereals 

Jordan has some tiny oil reserves which it is not exploiting, so all its oil needs are imported. It has 6.031 billion cu m of gas reserves. It produces 250 million cu m for domestic use, and imports a further 2.72 billion cu m.

Jordan Imports: Partners

Jordan imports primarily from these countries: Saudi Arabia (21.2% of imports), China (10.4%), Germany (6%), US (4.6%), Egypt (4.5%) and Ukraine (4.3%).