Jordan-ASEAN trade skyrockets by 42% in 2022: ACC

16 May '23

2 min read

Pic: Shutterstock/uslatar

Insights

Jordan-ASEAN trade surged 42 per cent in 2022, with imports from ASEAN reaching JD877 million and exports hitting JD400 million.
ACC's chairman underscored potential for further growth through diversified exports and investments.
A Jordanian-Asian economic forum is planned for 2023 to foster stronger ties, extending invitations to Arab trade chambers.

Trade between Jordan and the Association of Southeast Asian Nations (ASEAN) witnessed a significant surge of 42 per cent in 2022, raising the exchange value to JD1.279 billion (around $1.802 billion) from JD900 million (around $1.268 billion) the previous year, as per the Amman Chamber of Commerce (ACC).

The growth involved a rise in Jordan’s imports from ASEAN to JD877 million (about $1.236 billion), predominantly in products including textiles. Concurrently, national exports saw an increase to JD400 million (around $563.784 million), primarily comprising different types of goods such as textiles. Re-exports reached JD2.5 million ($3.523 million), according to the Jordan News Agency, Petra.

ACC’s chairman, Khalil Haj Tawfiq, emphasised the potential for Jordan to further its economic ties with ASEAN, the seventh-largest economy globally, housing a population of 668 million across a 4 million sq km expanse. The relationship can be enhanced by diversifying exported commodities and attracting high-value investments.

In line with this, Tawfiq announced ACC’s preparation for a Jordanian-Asian economic forum by the end of 2023. The event aims to facilitate joint trade fairs and business meetings, fostering closer relations between ASEAN and Jordanian entrepreneurs, industrialists, and traders.

The forum will extend invitations to the General Union of Chambers of Commerce, Industry, and Agriculture for Arab Countries, including trade and industry chambers from Palestine, Syria, Lebanon, Iraq, Egypt, Yemen, and Gulf Cooperation Council countries.

Fibre2Fashion News Desk (NB)

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