2019 economic zone trade volume came in at JD6.5b — zones group

AMMAN — The trade volume for public and special economic zones reached JD6.458 billion in 2019, the Jordan Free and Development Zones Group (JFDZG) announced on Monday.

In a statement carried by the Jordan News Agency, Petra, JFDZG Chairman Khalaf Hmeisat said that the value of exports from public free zones in 2019 totalled JD2.7 billion, marking a 4.5-per cent increase in comparison with 2018.

The data also revealed that the total number of reexported vehicles increased in 2019 by 7 per cent to reach 117,331 vehicles at a total value of JD1.652 billion, while the value of exports of other goods increased by 3 per cent to reach JD1.48 billion, in comparison with 2018.

For the same comparison period, imports to the public economic zones amounted to JD2.424 billion, constituting 38 per cent of the trade volume of public economic zones.

Vehicle imports, which totalled 121,752 units, accounted for 64 per cent of the total import value of public economic zones at JD1.546 billion, while imports of other goods totalled JD878 million, Petra reported.

The trade volume in special economic zones reached JD1.332 billion in 2019, with the value of exports from special free zones totalling JD584 million, showing a 4.1-per cent increase in comparison with 2018, while special economic zone imports reached JD748 million.

The statement added that the number of investors in public and special economic zones up to the end of 2019 grew by 7.2 per cent to reach 2,709 registered investors.