Arab News
Arab news,
Thu, Aug 28, 2025 | Rabi al-Awwal 5, 1447
Jordan’s exports rise on strong demand from Saudi Arabia, Iraq, and Syria
Saudi Arabia:
Jordan’s exports to countries in the Greater Arab
Free Trade Area climbed 16.9 percent to 1.85 billion dinars ($2.6 billion) in
the first half of 2025, fueled by stronger demand from Saudi Arabia, Iraq and
Syria.
Overall national exports grew 9 percent to 4.38
billion dinars, while re-exports edged up 1.2 percent to 431 million dinars,
bringing total exports to 4.81 billion dinars, Jordan News Agency reported,
citing the Department of Statistics.
This comes as a report released in July by the
International Monetary Fund highlighted Jordan’s continued economic resilience
amid regional conflicts and global uncertainty, attributing the performance to
the authorities’ adherence to sound macroeconomic policies.
The IMF said Jordan’s ownership of the Extended
Fund Facility remains strong, with program targets consistently met, saying the
economy grew 2.5 percent in 2024 and is projected to gradually strengthen over
the next two years on the back of sound policies and faster reforms.
The steady export growth stems from proactive
government measures to boost export capacity, including targeted support for the
industrial sector, enhanced trade partnerships, and a focus on product quality,
according to Yanal Barmawi, spokesperson for the Ministry of Industry, Trade,
and Supply.
Barmawi said the positive momentum also
reflects Jordan’s King Abdullah II’s active diplomacy, which has expanded the
country’s international economic network.
“The king’s recent visits to countries like
Uzbekistan and Kazakhstan have opened new channels for promoting Jordanian
goods, while previous visits continue to yield commercial benefits and
investment opportunities,” Petra reported that Barmawi said.
He added that “these high-level engagements help
position Jordanian products more competitively across global markets,” and urged
the business sector to seize opportunities by building cross-border partnerships
and expanding market reach.
Key sectors driving growth included apparel, up
8.2 percent to 831 million dinars, chemical fertilizers, up 10.2 percent,
pharmaceuticals, up 10 percent, raw potash, up 4.7 percent, and miscellaneous
goods, up 16.3 percent.
Imports also increased, reflecting higher demand
for machinery, jewelry, electrical equipment, and grains, while crude oil and
derivatives declined. Barmawi said the rise was mainly driven by stronger local
demand, production needs, and higher raw material costs.
Exports to key countries also grew, with Saudi
Arabia up 19.3 percent to 612 million dinars, Syria rising 404.8 percent to 106
million dinars, and Iraq increasing 15.5 percent to 431 million dinars.
Beyond the Arab world, exports to non-Arab Asian
countries rose 16 percent to 901 million dinars, and exports to the EU increased
14 percent to 228 million dinars, benefiting from trade agreements such as the
Jordan-EU Association Agreement.
Barmawi expressed optimism for continued
export growth in the second half of the year, supported by ongoing initiatives
to enhance product competitiveness and improve access to international markets.
He said the Industrial Support Fund helps manufacturers boost production and
exports.
He also highlighted government efforts to reopen
the Bab Al-Hawa border crossing between Syria and Turkiye, easing transit for
Jordanian goods, particularly vegetables, bound for European markets.
Barmawi reaffirmed the ministry’s
commitment to supporting exporters, addressing challenges, maintaining dialogue
with the private sector, and opening new markets through trade agreements and
promotional initiatives.