Jordanian exports achieved growth in the first quarter of 2023, demonstrating positive performance with various trading partners and economic blocs, Al-Mamlaka TV reported. According to the latest data from the Department of Statistics’ foreign trade report, the total value of Jordanian exports reached JD1.975 billion during this period, compared to JD1.815 billion for the same period last year.GAFTA sees 5.5% growth in Jordanian exportsWithin the Greater Arab Free Trade Area (GAFTA), Jordanian exports experienced a growth rate of 5.5 percent during the first quarter of 2023.The value of national exports to this region reached JD630 million, up from JD597 million in the corresponding period last year.This growth was primarily driven by an increase in exports to the Saudi market, which reached approximately JD204 million.NAFTA witness 11.2% rise in Jordanian exports, led by the USJordanian exports to North American Free Trade Agreement (NAFTA) countries also saw substantial growth in the first quarter of 2023. The value of exports to this region increased by 11.2 percent, reaching about JD418 million compared to JD376 million in the previous year.The surge was primarily attributed to increased exports to the US, which amounted to JD394 million.Meanwhile, in the first quarter of 2023, Jordanian exports to non-Arab Asian countries recorded notable growth. The value of exports to this region increased by 10 percent, reaching approximately JD616 million compared to JD560 million in the same period last year.This growth was fueled by the rising demand for Jordanian exports in India, which amounted to JD419 million.Jordanian exports to EU countries surge by 28.3%EU countries proved to be another significant market for Jordanian exports in the first quarter of 2023. The value of exports to EU countries increased by 28.3 percent, reaching about JD81 million compared to JD63 million during the same period last year.Among the European nations, Belgium emerged as the top recipient of Jordanian exports, totaling approximately JD18 million.Free zone impact growthJordanian exports to other economic blocs experienced steady growth in the first quarter of 2023.The volume of exports to these blocs rose by 4.9 percent, reaching approximately JD230 million compared to JD219 million in the previous year.This increase was primarily driven by the growth in exports to the free zone, which amounted to approximately JD106 million. (ICE AMMAN)

Fonte notizia: jordan news