Amman – The value of Jordan’s national exports to Syria surged by 405% during the first half of this year compared to the same period last year, according to the latest foreign trade figures issued by the Department of Statistics.
اضافة اعلان
Official data showed that the value of Jordan’s exports to Syria reached 106 million dinars in the first half of this year, up from 21 million dinars in the same period last year.
Jordan’s main exports to Syria include construction materials (such as cement, wood, tiles, paints, and tanks), adhesives, textiles, cleaning products, packaging materials, glassware, solar panels, and foodstuffs.
As for imports, the figures revealed that Jordan’s imports from Syria also rose by 77% during the first half of this year compared to the same period last year. The value of imports reached 46 million dinars, up from 26 million dinars.
Based on these figures, the volume of trade exchange between Jordan and Syria increased by 223% in the first half of this year compared to the same period last year. The total trade exchange between the two countries reached 152 million dinars, up from 47 million dinars last year.
According to official data, the trade balance (the difference between exports and imports) recorded a surplus of 60 million dinars in favor of Jordan.
It is noteworthy that trade exchange between the two countries used to exceed 800 million dinars before the outbreak of the Syrian crisis in 2011 but dropped sharply to only 56 million dinars in 2020, after the implementation of the U.S. Caesar Act.
The United States began in 2020 imposing a series of sanctions on Syria under the Caesar Act, targeting all Syrian and foreign companies and individuals dealing with the Syrian government in military, oil, or reconstruction-related sectors. These sanctions posed significant challenges for Jordanian companies seeking to trade with their Syrian counterparts.
However, former U.S. President Donald Trump recently issued an executive order terminating the legal framework for U.S. sanctions on Syria, which were originally intended to punish the Bashar al-Assad regime. The U.S. Department of the Treasury has since published the final decision to lift the sanctions regulations on Syria following the president’s order.
