Jordan’s Trade Surplus with US Stands at USD1.384 Billion

Jordan and USA

Jordan’s trade balance surplus with the US between January and November of 2021 stood at USD1.384 billion, according to the President of the American Chamber of Commerce in Jordan (AmCham), Mohammad Batayneh, on Saturday.

Explaining the surplus, Batayneh told Petra News that Jordan’s exports during the first 11 months of last year reached approximately USD2.5 billion, compared to USD1.120 billion in imports.

Batayneh noted that the garment and textile industry products are the best performing Jordanian exports in the US market, followed by engineering, foodstuffs, Dead Sea products and jewelry.

The kingdom started exporting its services online through digital economy transactions, whether in engineering or information areas, which would have a “significant” impact on Jordanian exports over the upcoming few years, Batayneh said.

Jordanian-American relations are “getting closer than ever before,” thanks to efforts made by His Majesty King Abdullah II and his “distinguished” relations with Washington, he said.

He also praised the US for supporting the Kingdom in addressing “difficult” economic conditions.

Jordan was the first Arab country to sign a free trade agreement (FTA) with US back in 2000, which fully entered into force in January 2010.

Source: Petra News


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