Jordan’s exports to the European Union showed slight growth in 2024, reaching 427 million dinars, compared to 409 million dinars in 2023, marking an increase of 4.4%.
اضافة اعلان
According to data from the Jordan News Agency (Petra), based on foreign trade statistics from the Department of Statistics, imports from the European Union to Jordan decreased last year, totaling 2.861 billion dinars, down from 2.874 billion dinars in 2023, a decrease of 0.5%.
Based on these statistics, the trade deficit between Jordan and the European Union last year reached 2.434 billion dinars, compared to approximately 2.465 billion dinars in 2023.
The total trade exchange between Jordan and the European Union reached 3.288 billion dinars last year, compared to 3.283 billion dinars in 2023.
The Netherlands topped the list of European countries for Jordanian exports to the EU in 2024, amounting to 92 million dinars, up from 79 million dinars in 2023, reflecting a 16.5% increase.
Meanwhile, France led the list of countries from which Jordan imports, with imports totaling nearly 267 million dinars last year, compared to 275 million dinars in 2023, showing a decrease of 2.8%.
In this context, Ali Murad, President of the Jordanian-European Business Association (JEBA), told Petra that the growth in national exports to the EU last year is positive, with a slight increase in export values.
Murad added that, despite the modest growth, it indicates ongoing commercial interaction between Jordan and the EU.
He explained that there are several strategic steps that can be taken to enhance the growth of Jordanian exports to EU markets sustainably. These include diversifying exports, as Jordan needs to work on diversifying its exported products. He noted that current exports are limited in terms of goods and markets, with sectors such as pharmaceuticals, clothing, and chemical industries being potential focuses.
He also suggested improving support mechanisms by providing technical, financial, marketing, and logistical programs to strengthen the competitiveness of Jordanian companies in European markets. Additionally, simplifying rules of origin by improving European rules of origin and enhancing current partnership agreements could increase export effectiveness, as the Simplified Rules of Origin Agreement has been extended until 2030.
Murad pointed out the importance of boosting trade interaction between Jordanian companies and European buyers by participating in trade exhibitions and European events. He also emphasized benefiting from new agreements, such as the new agricultural trade agreement between Jordan and the EU, which aims to increase export opportunities.
He also highlighted the importance of providing accurate market information for European requirements to help Jordanian exporters meet these demands more effectively and boosting foreign investments to increase export capacity to European markets.
In January of this year, King Abdullah II and European Commission President Ursula von der Leyen witnessed the signing of a comprehensive strategic partnership agreement between Jordan and the EU in Brussels. The EU announced a financial aid package to Jordan worth 3 billion euros for the years 2025-2027, which includes grants of 640 million euros, investments of 1.4 billion euros, and macroeconomic support allocations totaling around 1 billion euros. (Petra)
