The Agreement between the Government of Ukraine and the Government of the Hashemite Kingdom of Jordan on Trade and Economic Cooperation was signed on 23.04.2002 and came into force on 05.05.2003. Since that time Jordan is of big interest to Ukraine as a market of goods, services and technology, transportation, transit, commercial, financial and tourist center in the Middle East. Due to its traditional role as a regional trade and economic agent the Kingdom can be regarded as the gateway to promote Ukrainian products and technologies to the markets of other Arab countries.

Ukraine is attractive to Jordan mainly due to its industrial, scientific and technical potential, wide transit opportunities and a large consumer market.

Convenience of the geographical location of Ukraine and Jordan, maritime and air transport, the complementarity of the national economies create the objective conditions for the successful development of mutually beneficial trade and economic cooperation between two countries which occupies a central place in the Ukrainian-Jordanian relations.

Since the establishment of diplomatic relations between Ukraine and Jordan the highest level of the bilateral trade turnover in goods and services amounted to 1 billion US dollars in 2008.

The trade and economic relations between Ukraine and Jordan were negatively affected by the difficult financial and economic situation in the Kingdom due to the high budgetary expenditure for hosting Syrian refugees, closing the border with Syria through which Jordan exported its products, reducing the scale of the construction of infrastructure and the full-scale military aggression of Russia against Ukraine.

Dynamics of trade in goods and services between Ukraine and Jordan

Year	Turnover per year, mln. USD	Export	Import	Trade balance
2015	154,70	147,19	7,51	+ 139,68
2016	166,68	156,33	10,35	+ 145,98
2017	174,07	163,68	10,39	+153,29
2018	182,582	166,102	16,48	+149,622
2019	196,388	174,174	22,214	+151,96
2020	192,438	185, 357	7, 081	+178,276
2021	221,597	211,622	9,975	+201,647
2022	179,8	69,068	110,761	-41,693
2023	110,302 (the data is available only regarding the bilateral trade in goods)	58,656	51,646	+7,01

 

Bilateral trade in goods:

In 2023, the trade turnover of goods between Ukraine and Jordan amounted to 110,302 mln. USD.

The Ukrainian exports of goods to Jordan in 2023 amounted to 58,656 mln. USD.

The main Ukrainian export products to Jordan in 2023 were sunflower oil (49,2%), oilcake and other solid residues resulting from the extraction of soybean oil (7,8%), soybean oil (6,54%), margarine (5,53%), corn (4,15%), cattle (3,8%), confectionary without cacao (3,3%), poultry (3%), tubes, pipes, hollow profiles made of ferrous metals (1,8%).

The Jordanian exports of goods to Ukraine in 2023 amounted to 51,646 mln. USD.

The Jordanian exports of goods to Ukraine in 2023 consisted mainly of N,P,K fertilizers (59%), mineral fertilizers (19,1%), other goods (14,8%), calcium phosphate, phosphate chalk (5,3%).

Bilateral trade in services:

The data on the Ukrainian and Jordanian statistics regarding bilateral trade in services in 2023 is not available.

In 2022, the trade turnover of services between Ukraine and Jordan amounted to 2,3 mln. USD.

The Ukrainian exports of services to Jordan in 2022 amounted to 1,37 mln. USD.

The main Ukrainian export services to Jordan in 2022 were services related to travelling (94,8%), IT services (2,5%), transportation services (1,9%).

The Jordanian exports of services to Ukraine in 2022 amounted to 0,9 mln. USD.

The main Jordanian export services to Ukraine in 2022 were business services (84,8%), public and governmental services (10,2%), services related to travelling (4%).

Investment cooperation:

The data on the Ukrainian and Jordanian statistics regarding bilateral investments in 2022-2023 is not available.

According to the National Bank of Ukraine as of December 31, 2021, direct investments from Jordan to Ukraine amounted to 17.1 mln. USD.

As of December 31, 2021, Ukraine hadn’t invested to the economy of Jordan.