- Trade between Jordan and Qatar grew by 4% in the first half of 2024 compared to the same period in 2023, reaching 448 million Qatari riyals ($123 million).
- Jordan exports a variety of consumer goods to Qatar, including fresh and processed foods, dairy products, and grains, reflecting the diverse Qatari market demands.
- Qatar exports chemical materials and products like automobile oils and fertilizers to Jordan, supporting industrial needs and trade balance.
- Jordan’s pharmaceutical sector saw a 3.8% growth in exports of drugs and medical supplies, highlighting resilience and expansion amid regional challenges.
Trade between Jordan and Qatar grew by 4% in the first half of this year compared to the same period in 2023.
According to the Qatar Planning and Statistics Authority, trade volume between the two countries reached 448 million riyals ($123 million). This is an increase from 430 million riyals ($118.1 million) in the first six months of last year, as reported by the Jordan News Agency, Petra.
Jordan’s Exports to Qatar
Jordan sends a wide range of goods to Qatar, mainly focusing on consumer items. These include fresh and processed food materials, vegetables, fruits, meat, dates, dairy products, poultry, grains, and desserts. Additionally, Jordan exports various other consumer products, meeting the diverse needs of the Qatari market.
Qatar’s Exports to Jordan
On the flip side, Qatar exports several chemical materials to Jordan. These exports include automobile oils, sulfonic acid, lutein, aluminum molds, polyethylene, iron rods, and various types of chemical fertilizers. Qatar also sends plastic bags, automobile engine oils, organic fertilizers, and medical solutions to Jordan.
Growth in Trade Balance
The trade balance between Jordan and Qatar has been steadily growing over the years. This growth is largely driven by the increasing imports of Jordanian food and consumer materials by Qatar. Over the past two years, these imports have seen a significant rise, reflecting the strong demand for Jordanian products in Qatar.
Rise in Pharmaceutical Exports
Jordan’s pharmaceutical and medical supplies sector has also seen positive growth. In the first half of this year, exports from this sector increased by 3.8% compared to the same period last year. Despite challenging regional circumstances, the sector saw significant growth.
Dr. Fadi Atrash from the Jordan Chamber of Industry (JCI) reported that exports of human drugs, veterinary medicines, pesticides, and medical supplies rose to about JD370 million in the first six months of this year, up from JD356 million during the same period in 2023.
Strong Economic Ties
The growing trade between Jordan and Qatar highlights the strong economic ties between the two countries. Both nations benefit from the exchange of diverse goods, which bolsters their economies. The positive trends in trade volume, especially in food products and pharmaceuticals, underscore the importance of this bilateral trade relationship.
Altogether, the first half of this year has seen encouraging growth in trade between Jordan and Qatar. With continued cooperation, both countries are likely to further enhance their trade exchanges, contributing to their economic development.
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Last Updated on July 15, 2024 by Safiya K
