Jordan’s exports to U.S. amounts to 25% of total exports in 2020

Jordan’s exports to the United States estimated at nearly 25 percent of the Kingdom’s total exports in 2020 with a value of JD1.220 billion, bringing the trade balance in favor of Jordan by JD217 million, President of the Jordan and Amman Chambers of Industry, Fathi Jaghbir, said on Wednesday.

 

Speaking to Petra, Jaghbir confirmed that the U.S. is one of Jordan’s most prominent trading partners, noting that the Kingdom’s imports from America stood at JD1.003 billion to reach about 8 per cent of the total non-oil imports last year.

 

“Textile materials, medicines, metal products, air-conditioning machines, jewelry, food products, transportation equipment and live animal products are the Kingdom’s top exports to the U.S. markets,” he indicated.

 

Jaghbir stressed the strong and deep economic ties between Jordan and the U.S., thanks to the great efforts made by His Majesty King Abdullah II in integrating the national economy with global economies, in addition to providing all support to the industrial sector and enhancing the competitiveness of its exports.

 

“Jordan was the first Arab country to sign a free trade agreement with the U.S. in 2000, and it came into full effect in 2010,” he said, adding that the FTA further consolidated special ties between the two countries, expanded two-way trade by tangible figures, maximized export opportunities, and attracted non-US investments.

 

Source: Jordan News Agency