AMMAN — Foreign trade data issued by the
Department of Statistics (DoS) indicated that national exports to the
Greater Arab Free Trade Area (GAFTA) grew by 16.6 percent in the first five months of 2023. The value
of Jordanian exports to GAFTA countries amounted to JD1.147 billion, compared
to about JD983 million for the same period last year.
اضافة اعلان
Meanwhile there has been a drop in the value of the
Kingdom's imports from GAFTA nations during the January–May period of 2023 by
13.8 percent. Imports were valued at JD1.916 billion, compared to JD2.222
billion for the same period 2022, Jordan News Agency, Petra reported.
Meaning the trade balance deficit was reduced, reaching
about JD769 million, compared to nearly JD1.239 billion for the same period
last year.
Volume of trade
The volume of Jordan–GAFTA trade exchange amounted to about
JD3.063 billion compared to JD3.205 billion for the same period last year.
Saudi Arabia was the top importer of
Jordanian exports to GAFTA during the first five months of 2023, standing at about JD344 million,
followed by Iraq, at about JD203 million, the UAE, at about JD150 million, and
then Palestine, at about JD98 million.
Saudi Arabia was also the top exporter of GAFTA countries to
the Kingdom, as the value of Jordan's imports from Saudi Arabia amounted to
approximately JD1.085 billion, followed by the United Arab Emirates at about
JD358 million.
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