Trade Between Jordan And ASEAN Increases By 42% in FY 22

In accordance with the Amman Chamber of Commerce (ACC), trade between Jordan and the Association of Southeast Asian Nations (ASEAN) increased by 42% in 2022, raising the exchange value to JD1.279 billion (around $1.802 billion) from JD900 million (around $1.268 billion) the previous year.

Jordan's ASEAN imports increased to JD877 million (approximately $1.236 billion), with textiles accounting for the majority of the increase. Concurrently, national exports increased to JD400 million (about $563.784 million), mostly from various sorts of items such as textiles. According to the Jordan News Agency, Petra, re-exports amounted to JD2.5 million ($3.523 million).

The chairman of the ACC, Khalil Haj Tawfiq, stressed Jordan's ability to strengthen economic links with ASEAN, the world's seventh-largest economy, with a population of 668 million spread across 4 million square kilometres. Diversifying exporting commodities and attracting high-value investments can help to strengthen the connection.

In line with this, Tawfiq revealed that the ACC is planning a Jordanian-Asian business meeting for the end of 2023. The event's goal is to facilitate collaborative trade exhibitions and business contacts, hence strengthening ties between ASEAN and Jordanian entrepreneurs, industrialists, and traders.

The General Union of Chambers of Commerce, Industry, and Agriculture for Arab Countries, as well as trade and industry chambers from Palestine, Syria, Lebanon, Iraq, Egypt, Yemen, and Gulf Cooperation Council countries, will be invited to the event.