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 is estimated at 86% (World Bank, latest data available). Exports are spearheaded by the textile industry, followed by the chemical and mining sectors (fertiliser, medicine, potash and phosphate). Jordan mainly imports petroleum oils, gold, motor cars, and fabrics (data Comtrade).
The United States was by far the main destination for Jordanian exports (20% of all exports in 2022), followed by India (14.6%), Saudi Arabia (9.9%), Iraq (7.5%), Indonesia (2.7%), and the United Arab Emirates (2.7%). On the other hand, China (15.3%), Saudi Arabia (14.9%), United Arab Emirates (7.8%), United States (5.5%), India (5.1%) were the main suppliers in 2022 (data Comtrade). Jordan is a member of the WTO and signed a free-trade agreement with the U.S in 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 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).
Jordan's trade balance is structurally in deficit, mainly because of the country's reliance on hydrocarbon imports. The exports of goods amounted to USD 12.3 billion and the imports to USD 27.2 billion in 2022, up by 32.3% and 26.6% year-on-year, respectively (data WTO). However, the country is a net service exporter (USD 7.9 billion in exports against USD 5.7 billion in imports in 2022). According to the Jordan Department of Statistics, the value of exports in the first eleven months of 2023 reached JOD 8,221 million (of which 615 million of re-exports), whereas imports stood at JOD 16,952 million.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 19,170 | 17,233 | 21,542 | 27,364 | 25,470 |
Exports of Goods (million USD) | 8,317 | 7,943 | 9,358 | 12,780 | 12,763 |
Imports of Services (million USD) | 4,911 | 3,095 | 4,154 | 5,679 | 5,971 |
Exports of Services (million USD) | 7,853 | 2,501 | 4,512 | 7,955 | 10,428 |
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 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 4.8 | 0.6 | 4.6 | 3.6 | 3.6 |
Volume of imports of goods and services (Annual % change) | 3.4 | 1.8 | 2.7 | 3.0 | 3.2 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2023 |
United States | 22.9% |
India | 13.7% |
Saudi Arabia | 11.5% |
Iraq | 7.5% |
United Arab Emirates | 4.3% |
See More Countries | 40.1% |
Main Suppliers (% of Imports) |
2023 |
China | 17.5% |
Saudi Arabia | 14.2% |
United States | 6.4% |
India | 6.0% |
United Arab Emirates | 5.3% |
See More Countries | 50.6% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
9.5 bn USD of services exported in 2023 | |
78.22% | |
Personal travelPersonal travel | 71.45% |
OtherOther | 52.38% |
Education-related expenditureEducation-related expenditure | 10.91% |
Health-related expenditureHealth-related expenditure | 8.15% |
Business travelBusiness travel | 6.77% |
17.89% | |
1.50% | |
1.10% | |
0.79% | |
0.19% | |
Telecommunications servicesTelecommunications services | 0.19% |
0.16% | |
Computer servicesComputer services | 0.16% |
0.15% |
6.0 bn USD of services imported in 2023 | |
53.85% | |
31.94% | |
Personal travelPersonal travel | 27.28% |
OtherOther | 24.93% |
Education-related expenditureEducation-related expenditure | 1.99% |
Health-related expenditureHealth-related expenditure | 0.37% |
Business travelBusiness travel | 4.66% |
10.49% | |
1.16% | |
0.61% | |
0.59% | |
0.52% | |
0.42% | |
Computer servicesComputer services | 0.42% |
0.42% | |
Telecommunications servicesTelecommunications services | 0.42% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: November 2024