Jordan’s national exports to countries of the Greater Arab Free Trade Area (GAFTA) continued to show strong performance during the first nine months of the current year, maintaining their position at the top of the Kingdom’s trade partners.
اضافة اعلان
Foreign trade data issued by the Department of Statistics revealed that national exports to Arab Free Trade Area countries rose by 9.4%, reaching 2.887 billion dinars compared to 2.638 billion dinars during the same period last year, accounting for 41.3% of Jordan’s total exports.
Meanwhile, Jordan’s imports from GAFTA countries increased by 6.6% in the first nine months of this year, reaching 3.987 billion dinars, compared with 3.741 billion dinars for the same period last year.
Based on these indicators, the trade deficit with the region amounted to approximately 1.1 billion dinars during the first nine months of this year, compared to 1.103 billion dinars in the corresponding period last year.
Saudi Arabia topped the list of Arab destinations for Jordanian exports, receiving 955 million dinars’ worth of goods—a growth of 12.2%. Exports to Syria recorded a remarkable increase of 383.3%, reaching 174 million dinars, while exports to Iraq rose by 2.9% to 679 million dinars.
Jordan’s key exports to GAFTA countries include fertilizers, pharmaceuticals, agricultural products such as fresh and frozen fruits and vegetables, salts, skincare products, food preparations, furniture, fabrics, clothing, and paints.
Imports from GAFTA countries include crude oil and petroleum products, jewelry, food products, plastic sheets and plates, titanium oxide, polyethylene, polystyrene, iron and iron products, among others.
The Greater Arab Free Trade Area is a joint economic framework comprising 18 Arab countries aimed at enhancing economic integration and facilitating trade through reducing customs duties. The area officially entered into force in January 2005. (Petra)
