Jordan's apparel exports increased from $1.747 billion in 2018 to $1.807 billion in 2021, partially recovering from a slip to $1.640 billion in 2020 due to the impact of COVID-19 on economic activities in Jordan and worldwide, according to Fibre2Fashion’s market insight tool TexPro. It is anticipated that the exports will fully recover in 2022 as economic activities improve.
Jordan's apparel exports have seen impressive growth in recent quarters. In Q1 2022, the shipment increased to $433.289 million, up from $377.646 million in Q4 2021. In Q2 and Q3 2022, it further rose to $583.643 million and $660.395 million, respectively.
However, the monthly exports slipped in October 2022 to reach $149.702 million. In June, July, August, and September 2022, Jordan's exports stood at $243.464 million, $194.633 million, $267.373 million, and $198.399 million, respectively.
The US is the largest market for Jordan's apparel exports, accounting for more than three-quarters of its supply. According to TexPro, other major markets for Jordan's apparel exports are Canada, the UK, the Netherlands, Belgium, and Singapore.
Fibre2Fashion News Desk (KUL)