Jordan Import Data

Jordan's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Jordan's main trade partners include Saudi Arabia, the United States, and the United Arab Emirates.

• Imports: The top imports are oil, machinery, and pharmaceuticals, accounting for a significant portion of the total imports.

• Exports: Leading exports consist of fertilizers, textiles, and potash, which constitute a major share of total exports.

• Trade Deficit: Despite efforts to boost local industries, Jordan continues to face a trade deficit, largely due to high import costs and lower export revenues.

• Policy Impact: Trade policies, such as preferential agreements with the EU and the US, aim to diversify the economy and reduce dependency on certain commodities.

Domestic Market

• Consumer Spending: Consumer spending is stable but restrained by high unemployment rates and lower disposable incomes.

• Inflation & Interest Rates: Moderate inflation rates have been offset by conservative interest rate policies, maintaining a balance in the consumer market.

• Supply Chain Problems: Logistical challenges and geopolitical tensions have occasionally disrupted supply chains, affecting sectors reliant on imported raw materials.

• Industry Performance: The services sector, particularly tourism and IT services, shows resilience, while manufacturing industries face challenges due to global market fluctuations.

Overall Outlook

Jordan's economy is navigating through global trade uncertainties and domestic market challenges. Strategic investments in key sectors and ongoing trade policy adjustments are essential for enhancing economic stability and growth in 2023.