The export sector of Jordan plays a major role in the country’s economy. Jordan’s exports have grown significantly over the past decade, with exports reaching a total of $7.7 billion in 2018. This accounts for more than 25 percent of the country’s GDP.
Its main export products are phosphates, fertilizers, potash, and agricultural products. These products are primarily exported to other countries in the Middle East, Europe, and North America. Jordan also exports a variety of manufactured items, including textiles, furniture, and electrical equipment. In addition, the country exports a variety of services, such as tourism, transportation, and telecommunications. For anyone looking to launch their own exporting business here, the nation has a lot of possibilities.
Exporting essentials
The following outlines the full procedure for exporting items from Jordan to other countries.
Registration with authorities
The first step is to register with the Ministry of Industry and Trade. This registration is required for any company wishing to export goods from the country. Once the registration is complete, the exporter must obtain a license, which is issued by the Ministry. The license must be renewed annually.
Applying for an export certificate
This certificate is required for any items that are to be exported from the country. The certificate must be presented to the customs officer at the port of departure. The certificate must be renewed annually.
Getting invoice
The exporter must obtain an invoice from the Ministry of Industry and Trade. This invoice will include the details of the goods being exported, including the quantity, value, and destination. The invoice must be presented to the customs officer at the port of departure.
Exporting permits
Exporting permits in Jordan is an essential part of the country’s economy. By allowing businesses to export goods and services, the government is providing an opportunity for companies to expand their reach and grow. This is beneficial for both the firms and the country as a whole, as it allows for increased trade and economic growth.
To get the permit, the companies must submit an application to the Ministry of Industry and Trade, which is then evaluated by the ministry. Once approved, the company is issued a permit, allowing them to begin exporting items and services. The application process is simple and efficient, allowing businesses to quickly and easily obtain the necessary permits.
Pros of starting an export business
Jordan is an ideal place for businesses to export goods and start a venture. The country is strategically located in the Middle East, making it a great hub for international trade. Additionally, Jordan has a strong economy, a stable political environment, and a supportive business environment. These factors make it an attractive destination for businesses looking to export products.
One of the major benefits of sending items from the nation is access to the country’s extensive network of trading partners. Jordan has an extensive network of trading partners in the Middle East, North Africa, and Europe, making it an ideal place to export goods. Additionally, the country has several free trade agreements with other countries, which makes it easier for businesses to export products. This makes it easier for businesses to access a wide range of markets and to benefit from the lower costs associated with internationally selling items.
Another benefit of starting an exporting venture in the republic is the state’s support for businesses. The nation provides a range of incentives for businesses looking to ship goods, such as tax breaks, access to financing, and access to markets. Additionally, the government assists with the paperwork and legal processes associated with exporting goods. This makes it easier for businesses to get started and navigate the process of exporting goods.
