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Sunday, Apr 26, 2026

Jordan's Domestic Exports Rise 3% Amid Weaker Re-Exports

Jordan's Domestic Exports Rise 3% Amid Weaker Re-Exports

Jordan's exports increased 3% in the first two months of 2026, while a decline in re-exports led to a slight contraction in overall shipments.
Riyadh - Jordan's domestic exports rose by 3 percent in the initial two months of 2026, indicating consistent external demand, despite a sharp decrease in re-exports which contributed to a minor reduction in total outbound shipments.

According to statistics from the Department of Statistics quoted by the Jordan News Agency (Petra), national exports amounted to 1.35 billion Jordanian dinars ($1.9 billion), while re-exports fell by 12.6 percent, reaching 361 million dinars.

As a consequence, overall exports slightly decreased by 0.8 percent compared to the same period in the previous year, totaling 1.71 billion dinars.

This performance is set against a backdrop of relative macroeconomic stability in Jordan.

In February, S&P Global Ratings affirmed the country's 'BB-' sovereign rating with a stable outlook, highlighting progress in fiscal and structural reforms, robust economic performance, and continued international support.

The agency projects approximately 3 percent growth for Jordan in 2026, driven by improved regional trade conditions and the recovery of tourism.

Imports during the same period declined by 2.5 percent to 3 billion dinars, resulting in a trade deficit of 1.29 billion dinars - down by 65 million dinars or 4.8 percent compared to January and February 2025.

The ratio of total exports to imports advanced from 56 percent in the same period of 2025 to 57 percent in 2026, representing a 1 percentage point increase.

Monthly data indicate weaker momentum, with February witnessing a 6.8 percent drop in total exports compared to the previous year, as domestic exports decreased by 4.9 percent and re-exports dropped by 13.4 percent.

Meanwhile, imports rose by 6 percent, reaching 1.50 billion dinars, and pushing up the monthly trade deficit by 26.3 percent to 691 million dinars.

The export gains were concentrated within several key sectors, including a 46.5 percent surge in raw potash exports, along with 17.6 percent growth in pharmaceuticals and a 16.2 percent increase in raw phosphates.

Exports of clothing and accessories also grew by 6.4 percent, while fertilizers edged up slightly by 0.8 percent.

On the other hand, jewelry and precious metals imports rose sharply by 37.6 percent, plastics increased by 9.2 percent, and machinery and electrical equipment posted a marginal increase.

In contrast, crude oil and derivative imports declined by 8.8 percent, machinery dropped by 7 percent, and vehicles and bicycles experienced a significant decline of 38.4 percent.

Geographically, the export growth was primarily fueled by higher shipments to non-Arab Asian markets including China, as well as European Union countries like the Netherlands.

Import increases were observed from the Greater Arab Free Trade Area countries and China.
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