Jordan's exports to GAFTA countries to JD2.5b in 2022

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Jordan’s exports to the Greater Arab Free Trade Area (GAFTA) countries saw a significant increase of 22.6 percent in the first 11 months of 2022, amounting to JD2.5 billion, according to foreign trade data issued by the Department of Statistics. اضافة اعلان

This is a notable increase compared to the same period in 2021, which amounted to JD2 billion, the Jordan News Agency, Petra, reported. 

At the same time, the Kingdom’s imports from GAFTA nations also saw an increase of 38.1 percent during the January–November period of 2022, reaching JD5.4 billion, in contrast to JD3.9 billion for the same period in 2021.

According to the figures, the Kingdom's trade balance deficit with GAFTA nations rose during the first 11 months of 2022 to reach about JD2.9 billion, compared to JD1.9 billion for the corresponding period in 2021.

When it comes to specific countries, Saudi Arabia was the top importer of Jordanian exports during the first 11 months in 2022, amounting to about JD768 million, followed by Iraq at about JD565 million, Palestine at about JD182 million, and the UAE at about JD165 million.

On the other hand, Saudi Arabia was the top exporter to Jordan, with the value of the Kingdom's imports from the Arab Gulf nation amounting to approximately JD2.7 billion, followed by the UAE at about JD1.5 billion.

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