Jordan is a middle income country with limited natural resources. According to the World Bank data, real GDP growth rates, have been positive and will remain in 2013 and 2014. At sector level, growth is led by manufacturing and services sectors, while agriculture is negatively impacted by the Syrian ongoing unrest. Regional instability continues to pose significant challenge to Jordan, in particular. Syrian refugees (estimated to over half a million people) are putting more pressure on public spending in terms of goods and services.
Jordan is among the most open economies in the Arab region, whether it is measured by the number of regional trade agreements that it has implemented (a total of 20 agreements in-force covering a total of 53 markets), or by trade as percentage of GDP (it was 89.1 % in 2011 and dropped to 88.5 % in 2012).
However, there is need to have a better understanding about how Jordan can really benefit from the export opportunities these agreements offer. Jordan’s exports performed well in the last few years. Jordan’s exports with low technology manufacture outweigh the size of country’s exports with higher technology.More generally, the key challenges for Jordan are to consolidate new markets and to increase exports with higher technological value. The chronic commercial deficit is another challenge.
ITC has established very good relation with Jordan. Recently, Jordan benefited from the Enhancing Arab Capacity for Trade (EnACT) Programme and support for the development of the National Export Strategy.
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Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.