Jordan-GCC trade reaches JD2.8b in first half of 2022

(File photo: Jordan News)
AMMAN — Jordan’s volume of trade with Gulf Cooperation Council (GCC) member states reached JD2.804 billion in the first half of 2022, up from JD2.044 billion in the same period last year, according to the Jordan News Agency, Petra.اضافة اعلان

Jordanian exports to GCC nations increased in the first six months of 2022 to JD635 million from JD612 million in the corresponding period of 2021.

During the January–July period of 2022, Jordanian imports from GCC countries jumped to over JD2.169 billion, compared to nearly JD1.432 billion during the same time the previous year.

The Kingdom’s largest trading partner within the GCC was Saudi Arabia. During the reporting period, Jordanian-Saudi trade totaled JD1.85 billion, an increase of more than JD400 million over the JD1.42 billion recorded during the same period in 2021.

The balance of trade is heavily skewed in favor of Saudi Arabia, which shipped JD1.46 billion worth of goods to Jordan during the six-month period, compared to JD390 million imported from Jordan.

The Kingdom’s trade with the UAE totaled JD679 million, of which JD592 million represented imports from this Gulf Arab state and JD87 million represented exports.

A total of JD65 million was exchanged in trade between Jordan and Qatar, of which JD55 million was in exports to Qatar and JD10 million in imports.

Trade with Kuwait reached JD111 million, of which JD59 million was Jordanian exports and JD52 million were imports.

A total of JD40 million was the volume of trade between Jordan and Oman, of which JD23 million was  exports to the Sultanate and JD17 million imports from Oman.

Trade with Bahrain totaled JD59 million, of which JD21 million represented Jordanian exports and JD38 million represented Bahraini exports.

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