Jordània: Visió econòmica i política
Jordan is very open to international trade, so much so that there is a dependence on foreign capital; however, its relative share of GDP has diminished considerably after 2014 and was standing in 2021 at 81% (World Bank, 2023). Exports are spearheaded by the textile industry, followed by the chemical and mining sectors (fertiliser, medicine, potash and phosphate). Jordan mainly imports machinery and transport equipment, gas, crude and petroleum products, food, manufactured chemicals and electrical machines.
The United States was by far the main destination for Jordanian exports (22.1% of all exports), followed by India (10.9%), Saudi Arabia (10.5%), Iraq (8.4%) and the United Arab Emirates (4.4%). China (15.9%) and Saudi Arabia (12.3%) were the main supplier of goods in Jordan, remaining ahead of the United States (8.3%), Germany (4.3%) and the UEA (3.7%). Jordan is a member of the WTO and signed a free-trade agreement (FTA) with the U.S in December 2001, allowing the removal of customs duties on the majority of goods and services since 2010 when it was fully implemented. Jordan has also signed an Agreement of Association with the EU. In 2016, the EU announced that it would facilitate the entry of Jordanian exports in order to support the economy and integration of Syrian refugees. Jordan cancelled its free-trade agreement with Turkey at the end of 2018, citing its feasibility and negative impact on local manufacturing. This agreement was replaced by another free-trade deal at the end of 2019. In addition to the United States, Jordan is also party to bilateral trade agreements with Canada and Singapore and is a signatory to several regional trade agreements including the European Free Trade Association (Norway, Switzerland, Liechtenstein), Greater Arab Free Trade Agreement (GAFTA), and Aghadir Agreement (Egypt, Morocco, Tunisia) which is connected to the Association Agreement (EU).
On 6 October 2022, Jordanian Minister of Planning and International Cooperation Nasser Shraideh announced to sign an agreement with the European Investment Bank (EIB) regarding food security in Jordan worth €130 million (Jodan News, 10/06/22).
Jordan's trade balance is structurally in deficit, mainly because of the country's reliance on hydrocarbon imports. The exports of goods amounts to USD 9.35 billion and the imports of goods to USD 21.61 billion in 2021. The Kingdom's trade deficit increased during 2021 by 23.7% to reach 9.87 billion USD, compared with the same period in 2020, where it stood at 7.98 billion USD (Jordanian Department of Statistics, January 2023). The volume of total exports in 2021 was 13.76 billion USD, compared with 10.26 billion in 2020. (Jordanian Department of Statistics 2022).
Foreign Trade Values | 2018 | 2019 | 2020 | 2021 | 2022 |
Imports of Goods (million USD) | 20,310 | 19,170 | 17,233 | 21,542 | 27,290 |
Exports of Goods (million USD) | 7,750 | 8,317 | 7,943 | 9,358 | 12,380 |
Imports of Services (million USD) | 4,863 | 4,911 | 3,095 | 4,162 | 5,690 |
Exports of Services (million USD) | 7,342 | 7,853 | 2,501 | 4,507 | 7,951 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 88.0 | 85.8 | n/a | n/a | n/a |
Trade Balance (million USD) | -10,302 | -8,735 | -7,386 | -9,810 | -11,895 |
Trade Balance (Including Service) (million USD) | -7,823 | -5,793 | -7,980 | -9,452 | -9,619 |
Imports of Goods and Services (in % of GDP) | 52.8 | 49.2 | n/a | n/a | n/a |
Exports of Goods and Services (in % of GDP) | 35.1 | 36.7 | n/a | n/a | n/a |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 2.3 | 2.3 | 3.5 | 3.6 | 3.4 |
Volume of imports of goods and services (Annual % change) | 3.0 | 2.0 | 2.6 | 2.9 | 3.1 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2022 |
United States | 20.0% |
India | 14.6% |
Saudi Arabia | 9.9% |
Iraq | 7.5% |
Indonesia | 2.7% |
United Arab Emirates | 2.7% |
Palestine | 2.4% |
Egypt | 2.3% |
China | 2.2% |
Brazil | 1.7% |
Bangladesh | 1.5% |
Netherlands | 1.4% |
Kuwait | 1.4% |
Qatar | 1.3% |
Malaysia | 1.2% |
Syria | 1.2% |
Israel | 1.2% |
Canada | 0.9% |
Algeria | 0.9% |
Australia | 0.9% |
See More Countries | 45.4% |
Main Suppliers (% of Imports) |
2022 |
China | 15.3% |
Saudi Arabia | 14.9% |
United Arab Emirates | 7.8% |
United States | 5.5% |
India | 5.1% |
Switzerland | 3.8% |
Türkiye | 3.3% |
Romania | 3.2% |
Germany | 2.9% |
Egypt | 2.9% |
Israel | 2.8% |
Italy | 2.4% |
Indonesia | 2.2% |
South Korea | 2.0% |
Brazil | 1.7% |
Argentina | 1.7% |
Spain | 1.5% |
Japan | 1.3% |
France | 1.3% |
Australia | 1.0% |
See More Countries | 51.5% |
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import Export Flows.
2.5 bn USD of services exported in 2020 | |
56.33% | |
19.50% | |
18.49% | |
5.68% |
3.1 bn USD of services imported in 2020 | |
61.71% | |
22.07% | |
12.32% | |
3.90% |
Source: United Nations Statistics Division, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: November 2023
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