Jordan-Qatar trade balance sees 6.5% growth in Q1 2023

AMMAN — Trade balance between Jordan and Qatar grew by 6.5 per cent during the first quarter of 2023 compared with the corresponding period of 2022, according to Qatar's Planning and Statistics Authority's (PSA) data issued on Monday.

Jordan-Qatar trade amounted to $58.5 million during the first quarter of this year, compared with $54.9 million during the first quarter of last year, the data indicated. In interviews with the Jordan News Agency, Petra, Qatari businessmen, traders and importers said that the trade balance between Qatar and Jordan has been on the rise for several years due to an increase in Qatar's imports of Jordan-made products.

Over the past 10 years, the Jordan-Qatar trade balance has totalled more than $3.17 billion, according to the PSA figures. Data show that the trade balance favoured Qatar from 2012 to 2017, but then shifted in favour of Jordan.