The International Monetary Fund (IMF) said that the impact of the increase in U.S. tariffs on Jordanian exports “was limited,” attributing this to the continued competitiveness of textile exports—which account for about two-thirds of Jordan’s exports to the United States—at a time when Jordan’s main competitors face higher tariff rates.
اضافة اعلان
In its Fourth Review under the Extended Fund Facility (EFF) and the First Review under the Resilience and Sustainability Facility (RSF) arrangement with Jordan, a copy of which was obtained by Al-Mamlaka, the IMF noted that Jordan’s exports to the United States declined by 2.5% from the beginning of 2025 through July.
The report indicated that this decline was “more than offset” by strong growth in exports to neighboring countries, particularly Iraq and Syria, which rose by 11.6% and 401.1%, respectively, over the same period.
The decline was also offset by the resilience of tourism revenues despite disruptions stemming from the conflict between Israel and Iran, with tourism income increasing by 7% during the first nine months of the year.
Last August, new U.S. tariffs on Jordan came into effect at a rate of 15%, described as “the lowest additional tariff rate” among countries that run a trade surplus with the United States.
The IMF expected that stronger export growth in 2025 than had been anticipated at the time of the Fund’s third review, combined with the resilience of the tourism sector, would help “reduce the current account deficit to 5.1% of GDP, compared with 5.8% of GDP in 2024.”
On another front, the report confirmed that fiscal performance through the end of September 2025 remained in line with the objectives of the Extended Fund Facility program. Tax revenue collection recovered during the third quarter of 2025, supported by the abolition of the general sales tax exemption on the sale of electric and hybrid vehicles, as well as the simplification of the special sales tax system imposed on them as of July. These measures are also expected to help mitigate revenue losses resulting from declining oil consumption, with projected revenues equivalent to 0.2% of GDP by year-end.
