Overview: In 2018 Jordan was the number 91 economy in the world in terms of GDP (current US$), the number 95 in total exports, the number 73 in total imports, and the number 66 most complex economy according to the Economic Complexity Index (ECI). In 2018, Jordan exported $8.28B and imported $22.3B, resulting in a negative trade balance of -$14.1B. In 2018, Jordan's exports per capita were $831 and its imports per capita were $2.24k.
In 2018 Jordan exported a total of $8.28B, making it the number 95 exporter in the world. During the last five reported years the exports of Jordan have changed by -$412M from $8.69B in 2013 to $8.28B in 2018.
In 2018 Jordan imported $22.3B, making it the number 73 trade destination in the world. During the last five reported years the imports of Jordan changed by -$1.92B from $24.3B in 2013 to $22.3B in 2018.
In 2017, Jordan exported $5.54B worth of services. The top services exported by Jordan in 2017 were Personal travel ($4.3B), Government services, n.i.e. ($397M), Business travel ($346M), Other business services ($236M), and Construction services ($70.2M).
The top services imported by Jordan in 2017 were Personal travel ($1.19B), Insurance services ($410M), Business travel ($203M), Government services, n.i.e. ($109M), and Other business services ($82.7M).
This section shows forecasts for total product exports and imports for Jordan. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Jordan are:136: Most Favoured Nation duty rate treatement161: Preferential tariff for Algeria167: Preferential tariff for Bahrain178: Preferential tariff for Canada206: Preferential tariff for Egypt219: Preferential tariff for European Union countries (AA) Association Agreement224: Preferential tariff for for occupied Palestinian territory238: Preferential tariff for Iceland243: Preferential tariff for Iraq244: Preferential tariff for Israel255: Preferential tariff for Lebanon257: Preferential tariff for Libya273: Preferential tariff for Morocco281: Preferential tariff for Norway282: Preferential tariff for Oman294: Preferential tariff for Saudi Arabia299: Preferential tariff for Singapore305: Preferential tariff for Sudan307: Preferential tariff for Switzerland and Liechtenstein313: Preferential tariff for the League of Arab States321: Preferential tariff for Tunisia322: Preferential tariff for Turkey328: Preferential tariff for United States
During the last 20 years Jordan's economy has become relatively less complex, moving from the 33rd to the 66th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for Jordan according to the relatedness index, are Molasses (0.25), Raw Sugar (0.25), Locust beans, seaweed, sugar beet, cane, for food (0.24), Other Oily Seeds (0.24), and Cotton Waste (0.24). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Jordan is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Jordan
