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- Healthy Jordan-US trade relations highlighted by foreign trade data released by Department of Statistics
AMMAN: Jordan recorded a trade surplus of 877 million dinars ($1.23 billion) with the US in 2024, according to foreign trade data released by the Department of Statistics on Saturday.
The data, reported by the Jordan News Agency (Petra), highlighted significant growth in national exports to the US, which reached JD2.208 billion last year, up from JD1.958 billion in 2023 — an increase of 12.8 percent.
Meanwhile, the kingdom’s imports from the US market also saw a rise, reaching JD1.331 billion in 2024, compared to JD1.161 billion the previous year, marking an increase of 14.6 percent.
As a result, the total volume of trade between the two countries grew to JD3.539 billion, up from JD3.119 billion in 2023. National exports to the US accounted for 25.7 percent of Jordan’s total exports last year.
Speaking to Petra, Samer Judeh, chairman of the American Chamber of Commerce in Jordan, attributed this growth to the success of Jordanian products in penetrating the US market, benefiting from the Jordan-US Free Trade Agreement, which was fully implemented in 2010.
He noted that the agreement has contributed to an 800 percent increase in bilateral trade since its inception.
Judeh emphasized that enhancing exports and supporting national industries remain key priorities under Jordan’s Economic Modernization Vision. He highlighted the private sector’s role in shaping policies and coordinating efforts to further strengthen trade ties with the American market.
To sustain this momentum, Judeh underscored the need to enhance the added value of Jordanian products, improve quality standards, diversify exports, and promote joint investments between Jordan and the US.
He also stressed the importance of institutional cooperation in training, marketing, and supply chain development to ensure long-term growth and boost the competitiveness of Jordanian exports in the US market.
And he pointed to the potential of high-value technical services driven by Jordan’s skilled workforce, which could play a crucial role in further expanding trade relations between the two nations.