Jordanian Exports Show Significant Growth in Early 2023
The Jordanian Oman Chamber of Industry has reported a robust increase in exports for the months of January and February this year, highlighting a shift in trading relationships with key international markets.
Export Performance Overview
According to a recent report from the Chamber, exports during the first two months of 2023 reached 1.102 billion Jordanian dinars, a notable rise from 926 million dinars recorded during the same period in 2022. This surge underscores the strengthening of Jordan’s industrial sector and its ability to penetrate various international markets.
Key Markets Driving Export Growth
The report indicates that three primary markets—the United States, Iraq, and Saudi Arabia—collectively accounted for over half of the Chamber’s exports, totaling 638 million Jordanian dinars. This distribution reflects a diverse trade portfolio that bolsters Jordanian economic ties within the region and beyond.
Geographical Distribution of Exports
The geographical breakdown of exports over the past two months demonstrates a strong performance from Arab countries, which contributed 537 million dinars. Non-Arab Asian nations followed with 215 million dinars, while North American markets accounted for approximately 207 million dinars.
Furthermore, exports to the European Union amounted to around 56 million dinars, with European countries outside the EU contributing an additional 43 million dinars. Exports to African nations reached about 28 million dinars, while other international markets generated 22 million dinars.
Sectoral Insights
In terms of sectoral contributions, the mining industries led with exports valued at 226 million dinars, while the chemicals and cosmetics sector followed closely with 210 million dinars. The engineering and electrical sectors represented 193 million dinars, with food, agricultural, and livestock supplies contributing about 167 million dinars. Additionally, exports of medical and treatment supplies totaled 72 million dinars, alongside other industrial outputs.
Currency Exchange Update
As a point of reference, the exchange rate for the US dollar is approximately 70 Jordanian dinars per $100, providing context for evaluating trade values.
The current data indicates a positive growth trajectory for Jordanian exports, reflecting both the resilience of its industrial base and the importance of strengthening international trade ties. Continued monitoring of these trends will be essential for stakeholders in Jordan’s economic landscape.