Jordan’s exports rise on strong demand from Saudi Arabia, Iraq, and Syria

Jordanian officials expressed optimism for continued export growth in the second half of the year. Shutterstock
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Updated 27 August 2025
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Jordan’s exports rise on strong demand from Saudi Arabia, Iraq, and Syria

  • Overall national exports grew 9% to 4.38 billion dinars
  • Re-exports edged up 1.2% to 431 million dinars

JEDDAH: Jordan’s exports to countries in the Greater Arab Free Trade Area climbed 16.9 percent to 1.85 billion dinars ($2.6 billion) in the first half of 2025, fueled by stronger demand from Saudi Arabia, Iraq and Syria. 

Overall national exports grew 9 percent to 4.38 billion dinars, while re-exports edged up 1.2 percent to 431 million dinars, bringing total exports to 4.81 billion dinars, Jordan News Agency reported, citing the Department of Statistics. 

This comes as a report released in July by the International Monetary Fund highlighted Jordan’s continued economic resilience amid regional conflicts and global uncertainty, attributing the performance to the authorities’ adherence to sound macroeconomic policies. 

The IMF said Jordan’s ownership of the Extended Fund Facility remains strong, with program targets consistently met, saying the economy grew 2.5 percent in 2024 and is projected to gradually strengthen over the next two years on the back of sound policies and faster reforms. 

The steady export growth stems from proactive government measures to boost export capacity, including targeted support for the industrial sector, enhanced trade partnerships, and a focus on product quality, according to Yanal Barmawi, spokesperson for the Ministry of Industry, Trade, and Supply. 

Barmawi said the positive momentum also reflects Jordan’s King Abdullah II’s active diplomacy, which has expanded the country’s international economic network. 

“The king’s recent visits to countries like Uzbekistan and Kazakhstan have opened new channels for promoting Jordanian goods, while previous visits continue to yield commercial benefits and investment opportunities,” Petra reported that Barmawi said. 

He added that “these high-level engagements help position Jordanian products more competitively across global markets,” and urged the business sector to seize opportunities by building cross-border partnerships and expanding market reach. 

Key sectors driving growth included apparel, up 8.2 percent to 831 million dinars, chemical fertilizers, up 10.2 percent, pharmaceuticals, up 10 percent, raw potash, up 4.7 percent, and miscellaneous goods, up 16.3 percent. 

Imports also increased, reflecting higher demand for machinery, jewelry, electrical equipment, and grains, while crude oil and derivatives declined. Barmawi said the rise was mainly driven by stronger local demand, production needs, and higher raw material costs. 

Exports to key countries also grew, with Saudi Arabia up 19.3 percent to 612 million dinars, Syria rising 404.8 percent to 106 million dinars, and Iraq increasing 15.5 percent to 431 million dinars. 

Beyond the Arab world, exports to non-Arab Asian countries rose 16 percent to 901 million dinars, and exports to the EU increased 14 percent to 228 million dinars, benefiting from trade agreements such as the Jordan-EU Association Agreement. 

Barmawi expressed optimism for continued export growth in the second half of the year, supported by ongoing initiatives to enhance product competitiveness and improve access to international markets. He said the Industrial Support Fund helps manufacturers boost production and exports. 

He also highlighted government efforts to reopen the Bab Al-Hawa border crossing between Syria and Turkiye, easing transit for Jordanian goods, particularly vegetables, bound for European markets. 

Barmawi reaffirmed the ministry’s commitment to supporting exporters, addressing challenges, maintaining dialogue with the private sector, and opening new markets through trade agreements and promotional initiatives. 


Oil falls on report of IEA proposing biggest oil release ever

Updated 9 sec ago
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Oil falls on report of IEA proposing biggest oil release ever

TOKYO: Oil prices fell further on Wednesday, as reports of the International Energy Agency proposing the largest release of oil reserves in ​its history due to potential supply disruptions from the U.S.-Israeli conflict with Iran dragged on sentiment.

Brent futures traded down 88 cents, or 1 percent, ‌at $86.92 a barrel by 07:51 a.m. Saudi time. US West Texas Intermediate traded 35 cents lower, or 0.4 percent, at $83.1 a barrel.

US crude prices leapt 5 percent at the market open after both contracts plunged more than 11 percent on Tuesday, the steepest percentage drop since 2022, a day after Trump predicted a quick end to the war. On Monday, WTI surged to more than $119 a barrel, its highest ​since June 2022.

The IEA’s proposed drawdown would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in ​2022 when Russia launched its full-scale invasion of Ukraine, the WSJ said, citing officials familiar with the matter.

A stockpile release ⁠of that size would offset 12 days of the investment bank's estimated 15.4 million barrel-per-day Gulf exports disruption, Goldman Sachs analysts said in a note.

The US and ​Israel pounded Iran on Tuesday with what the Pentagon and Iranians on the ground called the most intense airstrikes of the war.

The US military also “eliminated” 16 Iranian mine-laying vessels ​near the Strait of Hormuz on Tuesday, the US Central Command said, as US President Donald Trump warned any mines laid in the Strait by Iran must be removed immediately.

Trump has repeatedly said the US is prepared to escort tankers through the Strait of Hormuz when necessary. However, sources told Reuters the US Navy has refused requests from the shipping industry for military escorts as ​the risk of attacks is too high for now.

“Oil prices continued to normalise lower in a volatile fashion following Monday’s sharp spike,” said UOB analysts in a ​client note, adding that markets are expected to keep their focus on developments in the Middle East as investors gauge how long energy prices may stay elevated.

G7 officials have since gathered ‌online to discuss ⁠a potential release of emergency oil stockpiles to soften the market blow.

French President Emmanuel Macron will host a video call with other G7 country leaders on Wednesday to discuss the impact of the conflict in the Middle East on energy and measures to address the situation.

Some analysts were sceptical about the IEA’s proposal.

“No release has yet been formally announced, and there are doubts around the ultimate pace of any drawdowns from those reserves,” said Philip Jones-Lux, senior analyst at Sparta Commodities, in a client note, ​adding that “the core issue is not the ​size of reserves, it is the ⁠achievable draw rates.”

SUPPLY CONCERNS REMAIN

Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery in response to a fire at a facility within the complex following a drone strike, according to a source, marking the latest energy infrastructure disruption due to ​the US-Israeli war on Iran.

Saudi Arabia, the world’s largest oil exporter, is seen boosting supplies via the Red Sea, although ​they are still far ⁠below the levels needed to compensate for the drop in flows from the Strait of Hormuz, shipping data showed.

The Kingdom is relying on the Red Sea port of Yanbu to help it boost exports to avert steep production cuts as its neighbours Iraq, Kuwait and the UAE have already reduced output.

Energy consultancy Wood Mackenzie said the war ⁠is currently ​cutting Gulf oil and oil products supply to the market by some 15 million barrels per day, ​which could raise crude prices to $150 per barrel.

“Even a quick resolution probably implies weeks of disruption for energy markets yet,” Morgan Stanley said in a note.

Reflecting higher demand, US crude, gasoline and distillate stocks fell ​last week, market sources said, citing American Petroleum Institute figures on Tuesday.