Identifier
Created
Classification
Origin
04AMMAN3645
2004-05-11 12:49:00
UNCLASSIFIED
Embassy Amman
Cable title:
JORDAN'S EXPORTS THRIVE; U.S. IS NUMBER ONE TRADE
how-toThis record is a partial extract of the original cable. The full text of the original cable is not available. 111249Z May 04
UNCLAS AMMAN 003645
SIPDIS
PASS TO USTR - E. SAUMS
E.O. 12958: N/A
TAGS: ETRD ECON JO
SUBJECT: JORDAN'S EXPORTS THRIVE; U.S. IS NUMBER ONE TRADE
PARTNER
UNCLAS AMMAN 003645
SIPDIS
PASS TO USTR - E. SAUMS
E.O. 12958: N/A
TAGS: ETRD ECON JO
SUBJECT: JORDAN'S EXPORTS THRIVE; U.S. IS NUMBER ONE TRADE
PARTNER
1. Jordan's exports continued to surge ahead in the first
quarter of 2004, totaling 615.1 million Jordanian Dinars (JD)
or about USD 860 million, according to a Ministry of Finance
publication confirmed by the Department of Statistics (DOS).
Of the total, about USD 140 million was in re-exports (almost
finished goods for which the value added in Jordan was at
least 40 percent, typically including consumer goods such as
cigarettes and alcohol packaged here). Exports grew 29
percent, compared to the first quarter last year.
2. Jordan's exports to the United States totaled USD 208
million in the first quarter, a strong showing pointing to
another record-breaking year. These were largely garments
(over 90 percent) and jewelry (about 7 percent). Exports to
the U.S. accounted for 29 percent of all Jordanian exports,
making the U.S. Jordan's number one trading partner.
3. First-quarter imports from the U.S. were pegged at USD
123 million according to the DOS, the strongest showing in
the last five years, and a quantum leap compared to last year
when pre-war jitters were believed to slow imports, to about
USD 77 million. Imports from the U.S., which accounted for
about 7 percent of all imports into Jordan for the period,
included items such as electric/electronic equipment,
machinery, aircraft parts, and agricultural products,
particularly cereals and fats/oils.
4. Jordan posted a trade balance deficit of over USD 700
million in the first quarter, a 36 percent increase over the
same period last year, according to the Ministry of Finance.
(COMMENT: So far, there has been no indication of official
worries about this figure. Nonetheless, since most
manufacturing equipment and raw inputs for exports that are
brought into the country are not considered "imports", this
figure bears watching over the course of the year.)
GNEHM
SIPDIS
PASS TO USTR - E. SAUMS
E.O. 12958: N/A
TAGS: ETRD ECON JO
SUBJECT: JORDAN'S EXPORTS THRIVE; U.S. IS NUMBER ONE TRADE
PARTNER
1. Jordan's exports continued to surge ahead in the first
quarter of 2004, totaling 615.1 million Jordanian Dinars (JD)
or about USD 860 million, according to a Ministry of Finance
publication confirmed by the Department of Statistics (DOS).
Of the total, about USD 140 million was in re-exports (almost
finished goods for which the value added in Jordan was at
least 40 percent, typically including consumer goods such as
cigarettes and alcohol packaged here). Exports grew 29
percent, compared to the first quarter last year.
2. Jordan's exports to the United States totaled USD 208
million in the first quarter, a strong showing pointing to
another record-breaking year. These were largely garments
(over 90 percent) and jewelry (about 7 percent). Exports to
the U.S. accounted for 29 percent of all Jordanian exports,
making the U.S. Jordan's number one trading partner.
3. First-quarter imports from the U.S. were pegged at USD
123 million according to the DOS, the strongest showing in
the last five years, and a quantum leap compared to last year
when pre-war jitters were believed to slow imports, to about
USD 77 million. Imports from the U.S., which accounted for
about 7 percent of all imports into Jordan for the period,
included items such as electric/electronic equipment,
machinery, aircraft parts, and agricultural products,
particularly cereals and fats/oils.
4. Jordan posted a trade balance deficit of over USD 700
million in the first quarter, a 36 percent increase over the
same period last year, according to the Ministry of Finance.
(COMMENT: So far, there has been no indication of official
worries about this figure. Nonetheless, since most
manufacturing equipment and raw inputs for exports that are
brought into the country are not considered "imports", this
figure bears watching over the course of the year.)
GNEHM