Jordan's exports to Saudi Arabia jump to JD984 million

Aqaba Container Terminal ACT
(File photo: Jordan News)
AMMAN — Jordanian exports to Saudi Arabia increased last year to JD984 million, representing a 17.1 percent rise compared to JD840 million in 2022. This surge solidified Jordan's position at the top of the list for exports to countries in the Greater Arab Free Trade Area. In contrast, Jordan's imports from Saudi Arabia decreased by 11.6 percent last year, amounting to 2.591 billion dinars, down from JD2.932 billion in 2022.اضافة اعلان

According to data from the General Statistics Department's foreign trade reports, the trade volume between Jordan and Saudi Arabia reached approximately JD3.575 billion dinars last year, a decrease from JD3.772 billion in 2022. This decrease led to a trade deficit for Jordan with Saudi Arabia, which fell to around JD1.607 billion last year compared to JD2.092 billion in 2022, Al-Ghad reported.
Khalil Al-Haj Tawfiq, the president of Jordan and Amman Chambers of Commerce, highlighted the significant opportunities Jordan enjoys in Saudi Arabia, particularly in sectors such as information technology, construction, and services. He noted that these opportunities are part of the economic revitalization seen in Riyadh and other cities, such as the NEOM project.

He also mentioned plans for an official visit to Tabuk after Ramadan to explore cooperation opportunities between Aqaba and NEOM, along with meetings during the Arab businessmen and investors conference in Riyadh, which will bring together major economic delegations from both countries.

To enhance bilateral cooperation, agreements will be signed between major chambers of commerce, such as the Riyadh Chamber, to exchange experiences and explore joint investment opportunities. Al-Haj Tawfiq emphasized that Saudi Arabia was Jordan's largest trading partner in 2022.

He further mentioned that the formation of the Saudi-Jordanian Business Council, comprising representatives from various economic sectors in both countries, will be announced soon.

Jordan exports meat, offal, and cut parts, poultry eggs, roasted coffee, preserved beef products, sugar preparations, cocoa preparations and powder, chocolates and food preparations, nuts, and ice cream to Saudi Arabia. On the other hand, Jordan imports petroleum products and derivatives, flat-rolled iron, dairy and cream, cheeses, various types of milk, curd, fresh and dried dates, corn starch, soybean oil and fractions, vegetable oils, and animal and vegetable fats and oils from Saudi Arabia.

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