Turkey-Jordan Economic and Trade Relations

Economic Outlook of Jordan (2014)

GDP (billion USD)

35,9

Inflation Rate (%)

2,9

Economic Growth (GDP %)

3,1

Unemployment Rate (%)

11,9

Population (million)

6,6

Export (billion $)

8,4

Population growth (%)

2,2

Import (billion $)

22,99

GDP per capita (USD)

5.382

Number of Turkish companies in Jordan

20

Resource: Economist Intelligence Unit, World Bank and the Turkish Ministry of Economy

Main trade partners: USA, Iraq, Saudi Arabia, India
Main export products: Fertilizers, clothing, potash, fruits and vegetables
Main import products: Mineral fuels, iron and steel, machinery, transport equipment, cereals

Bilateral Trade Statistics:

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2010

572,3

42,8

615

529,5

2011

507

66,3

573.3

440.7

2012

771

96

867

675

2013

745

71

816

674

2014

907

126

1,033

881

2015

835

127

962

708

Resource: Ministry of Economy, TUIK (million USD)

Turkey’s exports to Jordan: Mineral fuels, boilers, machinery, electric/electronic equipment, textile products.
Turkey’s imports from Jordan: Inorganic chemicals, fertilizers, textile products, plastics

Number of Jordanian visitors: 6.169 (2014), 7.872 (2015)

Bilateral Cooperation Mechanisms:

- Partnership Council Meetings: First and last meeting of the Council was held on the 28-29th of April 2014 in the framework of the Free Trade Agreement, which was signed between Jordan and Turkey during the visit of H.E. Abdullah Gül, the former President of Turkey, to Jordan in 2009.

- Business Council/Business Forum : Turkish-Jordanian Business Council was established in 1994. Last meeting of the Council was held on the 3rd of February 2016, in Amman.

On the occasion of the visit paid by H.E Nihat Zeybekci, the former Minister of Economy of Turkey, to Jordan, the Turkish-Jordanian Business Forum meeting was held on the 28th of April 2014. During this meeting, the revised agreement on the establishment of the Business Council was signed.

-Turkish-Jordanian Land Transport Joint Committee: The last meeting of Turkish-Jordanian Land Transport Joint Committee was held on the 24-25 of March 2015 in Amman.