Jordan is an Arab nation on the east bank of the Jordan River with an emerging economical market. Jordan’s economy has been growing at the rate of 8% in the year 1999 – 2008.
Jordan relies on natural gas to meet 93% of its domestic need. Jordan trade is a great opportunity for the country to increase revenue with decreased competition and to get benefits from currency exchange. Someone interested in international trading can get import and export data of Jordan mentioned below to start trading with the most suitable country.
Jordan has free trade agreements (FTAs) with various countries including China, the United States of America, India, Saudi Arabia, Iraq, UAE, Switzerland, Kuwait, Palestine, Germany, Egypt, Turkey, Korea, Singapore, Malaysia, and Canada.
Jordan’s economic base centres on tourism, foreign aids, phosphates, potash, and other fertilizer derivatives, the score of economic freedom of Jordan by the year 2021 is 64.6 making it the 69th freest economy of this year. The greatest obstacles of biggest economy freedom are following:
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Poor health condition
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Poverty rights
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Poor law implementation
Jordan’s hard currency earning depends upon the above-mentioned product and they lack various resources such as coal, hydrolytic power, etc., and used to rely upon Iraq for oil before the American invasion of Iraq in 2003.
Country wise export data of Jordan by the year 2021
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USA in percentage (32) (US1.95 billion $)
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India in percentage (11.3) (US 998 million $)
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Saudi Arabia in percentage (11.9%) (US 834 million $)
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Iraq in percentage (7.75) (US 663 million $)
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UAE in percentage (5.34) (US 352 million $)
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Switzerland in percentage (2.92) (US 245 million $)
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Kuwait in percentage (3.9) (US 231 million $)
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China in percentage (1.11) (US 168 million $)
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Palestine in percentage (2.22) (US 165 million $)
Jordan export structure which is represented by main commodity group
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In percentage (1.98) (US billion $ 1.98): 31 – Clothing including knitted and crotched
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In percentage (11.9) (US million $611): 51 – Fertilizers
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In percentage (6.88) (US million $ 766): 29 – chemicals; including inorganic and organic chemicals
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In percentage (8.99) (US million $ 499): 31 – medicinal (pharmaceutical) products
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In percentage (4.11) (US million $ 599): 70 – stones, pearls, imitation jewellery, and other products of this kind
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In percentage (6.53) (US million $ 199): 29 – salts, material for plastering
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In percentage (2.11) (US million $ 211): 09 – vegetables including potatoes, tomatoes
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In percentage (2.99) (US million $ 177): 81 – machinery, electrical appliances, Nuclear reactors,
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In percentage (2.48) (US million $ 199): 39 – soaps, detergents, shampoos, body washes, lubricants, waxes, polishing ,material, candles and similar products, dental wax, plastering material
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In percentage (1.91) (US million $ 211): 41 – Plastics and other such products
Country wise import data of Jordan by the year 2021
(JORDAN’S TOP TRADING PARTNERS)
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Saudi Arabia in percentage (12.3) (US 2.11 billion $)
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China in percentage (15.9) (US1.95 billion $)
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USA in percentage (8.3) (US 1.99 billion $)
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Germany in percentage (32) (US 3.65 billion $)
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UAE in percentage of (3.69) (US 2.88 billion $)
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Egypt in percentage (3.5) ((US 1.16 billion $)
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Turkey in percentage (3.28) (US 3.33 billion $)
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Italy in percentage (3.01) (US 1.88 billion $)
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India in percentage (2.87) (US1.10 billion $)
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Korea in percentage (2.53) (US 3.11 billion $)
Jordan import structure which is represented by main commodity group
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In percentage (10.4) (1.77 billion US$): 27 – waxes made my mineral, fuel, lubricants
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In percentage (7.49) (1.27 billion US$): 84 – machinery, electrical appliances, Nuclear reactors,
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In percentage (7.42) (1.26 billion US$): 87 – accessories of vehicles excluding the railway accessories
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In percentage (5.89) (1 billion US$): 85 – machinery, electrical appliances, Nuclear reactors, Sound recorders, television, machinery and their parts, equipment of machinery, sound producers and other parts
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In percentage (5.18) (881 million US$): 99 – various different commodities, category not specified
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In percentage (4.09) (695 million US$): 10 – cereals and grain
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In percentage (3.63) (618 million US$): 39 – Plastics and articles thereof
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In percentage (3.55) (604 million US$): 30 – medicinal products (pharmaceuticals)
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In percentage (3.24) (551 million US$): 60 – different type of fabrics including knitted one
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In percentage (2.54) (432 million US$): 72 – steel and iron and their products.
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