Jordan’s exports to Iraq saw a remarkable 45.6% increase in the first 11 months of 2024, reaching JD 830 million. This represents a growth of over JD 260 million compared to JD 570 million during the same period in 2023, according to official statistics reviewed by the Jordan News Agency (Petra).
The trade balance between the two countries recorded a surplus of JD 658 million, with the total trade volume rising to JD 1 billion, up from JD 745 million in 2023. In contrast, Jordan’s imports from Iraq slightly declined to JD 172 million by November 2024, compared to JD 174 million in 2023.
Iraq ranked as the second-largest destination for Jordanian exports within the Arab Free Trade Zone, accounting for 25.4% of total exports to the region, which amounted to JD 3.257 billion by November 2024.
A representative from the Iraqi Business Council in Amman highlighted that, despite the significant growth, Jordan’s exports still fall short of the industries’ full potential. He emphasized the importance of fostering deeper ties with Iraqi companies and government bodies to expand Jordan’s role in Iraq’s reconstruction projects.
The representative also pointed to the substantial presence of Jordanian companies in Baghdad, spanning sectors such as hospitality, banking, oil, technology, and construction, which underscores the strong economic relationship between the two countries.
The Jordan Chamber of Industry’s Export to Iraq Officer attributed the rise in exports to strengthened economic relations and private-sector efforts. Fertilizers and pharmaceuticals were among the leading export products, followed by detergents, electrical wires, plastics, and food items.
Over the past two years, the private sector, in collaboration with the government, has worked to deepen trade ties and foster business partnerships. Initiatives included the organization of major delegations to trade events such as the Baghdad International Fair. The upcoming Jordan-Iraq Business Forum is expected to further bolster these efforts.
Looking ahead, there are significant opportunities for Jordanian products in Iraq, particularly in reconstruction projects and infrastructure development. Demand is growing for materials and products used in large-scale initiatives such as roads, hospitals, schools, and residential projects.
The proximity of the two countries, coupled with the high quality and competitive pricing of Jordanian goods, provides a strong foundation for increasing Jordan’s share in the Iraqi market and regaining trade levels seen before 2015.
Jordan’s exports to Iraq include fertilizers, electrical equipment, detergents, paints, fresh produce, mineral water, juices, pharmaceuticals, clothing, and skincare products. Imports from Iraq primarily consist of crude oil, grains, dates, nuts, organic chemicals, and aluminum products.
The trilateral partnership agreement between Jordan, Iraq, and Egypt, established during the 2019 Cairo summit, continues to serve as a platform for enhancing regional cooperation. Key initiatives include the Basra-Aqaba oil pipeline and collaborative projects in trade, energy, and infrastructure.
This partnership aims to achieve sustainable development, focusing on food and energy security while strengthening long-term regional stability and economic integration. Petra
Jordan’s exports to Iraq saw a remarkable 45.6% increase in the first 11 months of 2024, reaching JD 830 million. This represents a growth of over JD 260 million compared to JD 570 million during the same period in 2023, according to official statistics reviewed by the Jordan News Agency (Petra).
The trade balance between the two countries recorded a surplus of JD 658 million, with the total trade volume rising to JD 1 billion, up from JD 745 million in 2023. In contrast, Jordan’s imports from Iraq slightly declined to JD 172 million by November 2024, compared to JD 174 million in 2023.
Iraq ranked as the second-largest destination for Jordanian exports within the Arab Free Trade Zone, accounting for 25.4% of total exports to the region, which amounted to JD 3.257 billion by November 2024.
A representative from the Iraqi Business Council in Amman highlighted that, despite the significant growth, Jordan’s exports still fall short of the industries’ full potential. He emphasized the importance of fostering deeper ties with Iraqi companies and government bodies to expand Jordan’s role in Iraq’s reconstruction projects.
The representative also pointed to the substantial presence of Jordanian companies in Baghdad, spanning sectors such as hospitality, banking, oil, technology, and construction, which underscores the strong economic relationship between the two countries.
The Jordan Chamber of Industry’s Export to Iraq Officer attributed the rise in exports to strengthened economic relations and private-sector efforts. Fertilizers and pharmaceuticals were among the leading export products, followed by detergents, electrical wires, plastics, and food items.
Over the past two years, the private sector, in collaboration with the government, has worked to deepen trade ties and foster business partnerships. Initiatives included the organization of major delegations to trade events such as the Baghdad International Fair. The upcoming Jordan-Iraq Business Forum is expected to further bolster these efforts.
Looking ahead, there are significant opportunities for Jordanian products in Iraq, particularly in reconstruction projects and infrastructure development. Demand is growing for materials and products used in large-scale initiatives such as roads, hospitals, schools, and residential projects.
The proximity of the two countries, coupled with the high quality and competitive pricing of Jordanian goods, provides a strong foundation for increasing Jordan’s share in the Iraqi market and regaining trade levels seen before 2015.
Jordan’s exports to Iraq include fertilizers, electrical equipment, detergents, paints, fresh produce, mineral water, juices, pharmaceuticals, clothing, and skincare products. Imports from Iraq primarily consist of crude oil, grains, dates, nuts, organic chemicals, and aluminum products.
The trilateral partnership agreement between Jordan, Iraq, and Egypt, established during the 2019 Cairo summit, continues to serve as a platform for enhancing regional cooperation. Key initiatives include the Basra-Aqaba oil pipeline and collaborative projects in trade, energy, and infrastructure.
This partnership aims to achieve sustainable development, focusing on food and energy security while strengthening long-term regional stability and economic integration. Petra
Jordan’s exports to Iraq saw a remarkable 45.6% increase in the first 11 months of 2024, reaching JD 830 million. This represents a growth of over JD 260 million compared to JD 570 million during the same period in 2023, according to official statistics reviewed by the Jordan News Agency (Petra).
The trade balance between the two countries recorded a surplus of JD 658 million, with the total trade volume rising to JD 1 billion, up from JD 745 million in 2023. In contrast, Jordan’s imports from Iraq slightly declined to JD 172 million by November 2024, compared to JD 174 million in 2023.
Iraq ranked as the second-largest destination for Jordanian exports within the Arab Free Trade Zone, accounting for 25.4% of total exports to the region, which amounted to JD 3.257 billion by November 2024.
A representative from the Iraqi Business Council in Amman highlighted that, despite the significant growth, Jordan’s exports still fall short of the industries’ full potential. He emphasized the importance of fostering deeper ties with Iraqi companies and government bodies to expand Jordan’s role in Iraq’s reconstruction projects.
The representative also pointed to the substantial presence of Jordanian companies in Baghdad, spanning sectors such as hospitality, banking, oil, technology, and construction, which underscores the strong economic relationship between the two countries.
The Jordan Chamber of Industry’s Export to Iraq Officer attributed the rise in exports to strengthened economic relations and private-sector efforts. Fertilizers and pharmaceuticals were among the leading export products, followed by detergents, electrical wires, plastics, and food items.
Over the past two years, the private sector, in collaboration with the government, has worked to deepen trade ties and foster business partnerships. Initiatives included the organization of major delegations to trade events such as the Baghdad International Fair. The upcoming Jordan-Iraq Business Forum is expected to further bolster these efforts.
Looking ahead, there are significant opportunities for Jordanian products in Iraq, particularly in reconstruction projects and infrastructure development. Demand is growing for materials and products used in large-scale initiatives such as roads, hospitals, schools, and residential projects.
The proximity of the two countries, coupled with the high quality and competitive pricing of Jordanian goods, provides a strong foundation for increasing Jordan’s share in the Iraqi market and regaining trade levels seen before 2015.
Jordan’s exports to Iraq include fertilizers, electrical equipment, detergents, paints, fresh produce, mineral water, juices, pharmaceuticals, clothing, and skincare products. Imports from Iraq primarily consist of crude oil, grains, dates, nuts, organic chemicals, and aluminum products.
The trilateral partnership agreement between Jordan, Iraq, and Egypt, established during the 2019 Cairo summit, continues to serve as a platform for enhancing regional cooperation. Key initiatives include the Basra-Aqaba oil pipeline and collaborative projects in trade, energy, and infrastructure.
This partnership aims to achieve sustainable development, focusing on food and energy security while strengthening long-term regional stability and economic integration. Petra
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Jordan’s exports to Iraq surge to JD830 million by November 2024
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Jordan’s exports to Iraq surge to JD830 million by November 2024
Jordan’s exports to Iraq saw a remarkable 45.6% increase in the first 11 months of 2024, reaching JD 830 million. This represents a growth of over JD 260 million compared to JD 570 million during the same period in 2023, according to official statistics reviewed by the Jordan News Agency (Petra).
The trade balance between the two countries recorded a surplus of JD 658 million, with the total trade volume rising to JD 1 billion, up from JD 745 million in 2023. In contrast, Jordan’s imports from Iraq slightly declined to JD 172 million by November 2024, compared to JD 174 million in 2023.
Iraq ranked as the second-largest destination for Jordanian exports within the Arab Free Trade Zone, accounting for 25.4% of total exports to the region, which amounted to JD 3.257 billion by November 2024.
A representative from the Iraqi Business Council in Amman highlighted that, despite the significant growth, Jordan’s exports still fall short of the industries’ full potential. He emphasized the importance of fostering deeper ties with Iraqi companies and government bodies to expand Jordan’s role in Iraq’s reconstruction projects.
The representative also pointed to the substantial presence of Jordanian companies in Baghdad, spanning sectors such as hospitality, banking, oil, technology, and construction, which underscores the strong economic relationship between the two countries.
The Jordan Chamber of Industry’s Export to Iraq Officer attributed the rise in exports to strengthened economic relations and private-sector efforts. Fertilizers and pharmaceuticals were among the leading export products, followed by detergents, electrical wires, plastics, and food items.
Over the past two years, the private sector, in collaboration with the government, has worked to deepen trade ties and foster business partnerships. Initiatives included the organization of major delegations to trade events such as the Baghdad International Fair. The upcoming Jordan-Iraq Business Forum is expected to further bolster these efforts.
Looking ahead, there are significant opportunities for Jordanian products in Iraq, particularly in reconstruction projects and infrastructure development. Demand is growing for materials and products used in large-scale initiatives such as roads, hospitals, schools, and residential projects.
The proximity of the two countries, coupled with the high quality and competitive pricing of Jordanian goods, provides a strong foundation for increasing Jordan’s share in the Iraqi market and regaining trade levels seen before 2015.
Jordan’s exports to Iraq include fertilizers, electrical equipment, detergents, paints, fresh produce, mineral water, juices, pharmaceuticals, clothing, and skincare products. Imports from Iraq primarily consist of crude oil, grains, dates, nuts, organic chemicals, and aluminum products.
The trilateral partnership agreement between Jordan, Iraq, and Egypt, established during the 2019 Cairo summit, continues to serve as a platform for enhancing regional cooperation. Key initiatives include the Basra-Aqaba oil pipeline and collaborative projects in trade, energy, and infrastructure.
This partnership aims to achieve sustainable development, focusing on food and energy security while strengthening long-term regional stability and economic integration. Petra
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