Jordan's Exports to the Arab Region Rise
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Jordan’s national exports to the Arab Free Trade Area saw significant growth in the past year, increasing by 15.9% (488 million dinars) to reach 3.564 billion dinars, compared to 3.076 billion dinars in 2023.اضافة اعلان
Exports to the Arab Free Trade Area accounted for 42% of Jordan's total exports last year, up from 37% in 2023. Meanwhile, the Kingdom's imports from Arab countries increased by 8.2%, reaching 5.078 billion dinars, compared to 4.693 billion dinars in 2023.
Key Drivers of Export Growth
The President of the Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbir, stated that the increase in national exports to Arab countries was driven by rising demand in these markets for Jordanian products, which are known for their high competitiveness and quality.
He highlighted that Jordan's efforts to expand exports to key neighboring markets, particularly Iraq and Saudi Arabia, played a crucial role in promoting Jordanian products across the Arab world.
Exports to Iraq grew by 42.5%, reaching 905 million dinars, while exports to Saudi Arabia increased by 14.3%, totaling 1.1 billion dinars.
Sectoral Growth in Exports
According to Al-Jaghbir, the key sectors that witnessed export growth included:
Engineering industries (cables and wires)
Construction materials (building units and prefabricated structures)
Food industries (processed foods, tea, and tobacco)
Chemical industries, packaging, plastics, and furniture
Among the top exported products were fertilizers and cleaning products, while petroleum products, plastics, pearls, and jewelry were among the leading imports to Jordan.
Strategic Steps to Enhance Exports
Al-Jaghbir emphasized the need for strategic measures to further boost Jordanian exports, including:
Enhancing Arab economic integration by fully implementing the Arab Free Trade Agreement, eliminating trade barriers, and simplifying export procedures.
Reducing production costs, particularly by supplying industrial zones with natural gas to lower energy expenses and increase competitiveness.
Expanding export opportunities by targeting underutilized markets, with potential exports exceeding $2 billion to countries such as:
Saudi Arabia: $650 million
UAE: $270 million
Kuwait: $136 million
Qatar: $135 million
Egypt: $120 million
Call for Stronger Arab Trade Cooperation
Al-Jaghbir stressed the urgent need for stronger Arab trade cooperation, noting that intra-Arab trade accounts for only 12% of the region’s total foreign trade. He urged Arab countries to:
Remove trade restrictions
Facilitate labor movement and investments
Improve logistics and commercial shipping
Jordan’s Economic Stability and Export Potential
Assistant Secretary-General of the Union of Arab Businessmen, Tareq Hijazi, highlighted that Jordan's free trade agreements and geopolitical stability position it as a gateway for trade and investment in the region.
He pointed out that increasing demand for Jordanian products in Arab markets is driven by:
Economic growth in some Arab countries
Recovery from past economic crises
High-quality Jordanian products that meet regional standards
Key Recommendations for Sustainable Export Growth
Economic expert Dr. Adli Qandah outlined several strategies to sustain Jordan’s export growth:
Diversify export products by expanding into technology and high-value services
Improve quality standards to build consumer trust
Upgrade logistics infrastructure (ports, roads, storage facilities)
Encourage foreign investment in export-driven industries
Leverage e-commerce and digital marketing to access new markets
Reduce production costs through government support for energy prices and easier access to financing
Enhance customs efficiency to streamline trade with Arab partners
Conclusion
With the right policies and investments, Jordan has the potential to achieve sustained export growth, strengthen its position in Arab markets, and contribute to broader regional economic integration.
(Petra News Agency)
Exports to the Arab Free Trade Area accounted for 42% of Jordan's total exports last year, up from 37% in 2023. Meanwhile, the Kingdom's imports from Arab countries increased by 8.2%, reaching 5.078 billion dinars, compared to 4.693 billion dinars in 2023.
Key Drivers of Export Growth
The President of the Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbir, stated that the increase in national exports to Arab countries was driven by rising demand in these markets for Jordanian products, which are known for their high competitiveness and quality.
He highlighted that Jordan's efforts to expand exports to key neighboring markets, particularly Iraq and Saudi Arabia, played a crucial role in promoting Jordanian products across the Arab world.
Exports to Iraq grew by 42.5%, reaching 905 million dinars, while exports to Saudi Arabia increased by 14.3%, totaling 1.1 billion dinars.
Sectoral Growth in Exports
According to Al-Jaghbir, the key sectors that witnessed export growth included:
Engineering industries (cables and wires)
Construction materials (building units and prefabricated structures)
Food industries (processed foods, tea, and tobacco)
Chemical industries, packaging, plastics, and furniture
Among the top exported products were fertilizers and cleaning products, while petroleum products, plastics, pearls, and jewelry were among the leading imports to Jordan.
Strategic Steps to Enhance Exports
Al-Jaghbir emphasized the need for strategic measures to further boost Jordanian exports, including:
Enhancing Arab economic integration by fully implementing the Arab Free Trade Agreement, eliminating trade barriers, and simplifying export procedures.
Reducing production costs, particularly by supplying industrial zones with natural gas to lower energy expenses and increase competitiveness.
Expanding export opportunities by targeting underutilized markets, with potential exports exceeding $2 billion to countries such as:
Saudi Arabia: $650 million
UAE: $270 million
Kuwait: $136 million
Qatar: $135 million
Egypt: $120 million
Call for Stronger Arab Trade Cooperation
Al-Jaghbir stressed the urgent need for stronger Arab trade cooperation, noting that intra-Arab trade accounts for only 12% of the region’s total foreign trade. He urged Arab countries to:
Remove trade restrictions
Facilitate labor movement and investments
Improve logistics and commercial shipping
Jordan’s Economic Stability and Export Potential
Assistant Secretary-General of the Union of Arab Businessmen, Tareq Hijazi, highlighted that Jordan's free trade agreements and geopolitical stability position it as a gateway for trade and investment in the region.
He pointed out that increasing demand for Jordanian products in Arab markets is driven by:
Economic growth in some Arab countries
Recovery from past economic crises
High-quality Jordanian products that meet regional standards
Key Recommendations for Sustainable Export Growth
Economic expert Dr. Adli Qandah outlined several strategies to sustain Jordan’s export growth:
Diversify export products by expanding into technology and high-value services
Improve quality standards to build consumer trust
Upgrade logistics infrastructure (ports, roads, storage facilities)
Encourage foreign investment in export-driven industries
Leverage e-commerce and digital marketing to access new markets
Reduce production costs through government support for energy prices and easier access to financing
Enhance customs efficiency to streamline trade with Arab partners
Conclusion
With the right policies and investments, Jordan has the potential to achieve sustained export growth, strengthen its position in Arab markets, and contribute to broader regional economic integration.
(Petra News Agency)
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