Jordanian-Saudi trade exchange reaches JD15.3 billion in five years --ACC
Jordan's exports to Saudi Arabia, during 2019–2023, totaled JD3.68 billion, while imports reached JD11.6 billion, the Jordan News Agency, Petra, reported, citing data from ACC.
Jordanian exports to Saudi Arabia rose in the first 11 months of 2024 to JD1.03 billion, compared to JD910 million for the same period in 2023.
Jordan's imports from Saudi Arabia in the same period amounted to JD2.7 billion, up from JD2.3 billion in 2023.
Jordan's primary imports from Saudi Arabia include mineral products such as petroleum oils, chemical industry products, and food industry products, including sugar and sugar-based goods, Petra said.
Meanwhile, Jordan's main exports to Saudi Arabia include chemical industry products such as pharmaceuticals, live animals including sheep, fresh and processed vegetables and fruits, and base metals and their products, including iron-based goods.
According to the International Trade Center's (ITC) Export Potential Map, there is a 43 per cent untapped export opportunity from Jordan to Saudi Arabia.
The most significant export gap is in live sheep, valued at $206 million, followed by bromides and bromine oxides from the chemical industry, with an export gap of $39 million, and antibiotic-containing pharmaceuticals, with a $8 million export gap, reflecting the potential to boost pharmaceutical exports to Saudi Arabia.
The Jordan Chamber of Commerce will host the Jordan-Saudi Business Forum on Monday in Amman, in cooperation with the Federation of Saudi Chambers and the Saudi Export Development Authority.
The forum aims to expand economic relations and foster new partnerships between the two nations, bringing together business owners, investors, and companies from both countries across various service and trade sectors. It will feature multiple activities and B2B meetings, according to Petra.
On the same day, the Saudi-Jordanian Business Council will convene to push forward trade and investment relations, building on past achievements.
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