Four major economic blocs accounted for the largest share of Jordanian exports during the first eight months of the year, contributing a combined 93.6% of total exports, which reached JD 6.098 billion.
اضافة اعلان
The Greater Arab Free Trade Area (GAFTA) led with 41.5%, followed by the North American Free Trade Agreement (NAFTA) countries at 25.1%, non-Arab Asian countries at 20.9%, and the European Union at 6%, indicating that Jordanian export activity is heavily concentrated in these four markets, which form the backbone of the Kingdom’s foreign trade.
Specifically, exports to GAFTA countries rose by 10.1% by the end of August, reaching JD 2.53 billion compared to JD 2.297 billion for the same period last year.
Saudi Arabia led the Arab destinations with JD 836 million, up 12.7%, while exports to Syria surged by 390.3% to JD 152 million, and exports to Iraq increased by 6.4% to JD 599 million.
According to foreign trade data from the Department of Statistics, exports to NAFTA countries fell by 1.7%, totaling JD 1.532 billion compared to JD 1.559 billion last year, with exports to the United States specifically declining by 2.1% to JD 1.472 billion.
In the Asian non-Arab markets, Jordanian exports rose 18.1% to JD 1.277 billion, compared to JD 1.081 billion the previous year, led by India with JD 750 million, a 29.1% increase.
Exports to EU countries grew by 30.9% during the first eight months, reaching JD 369 million compared to JD 282 million last year, with Italy recording a remarkable growth of 180.6%, reaching JD 101 million.
On the other hand, exports to other economic blocs declined by 8.2%, totaling JD 390 million compared to JD 425 million last year, while exports to the Free Trade Area fell 49.4% to JD 80 million.
—(Petra)
