India, Jordan Target $5 Billion Bilateral Trade by 2030

⚡ Key Financial Takeaways

India and Jordan aim to increase bilateral trade from $2.3 billion (2024) to $5 billion by 2030.

Finance Minister Nirmala Sitharaman met Jordan's Minister of Planning, Zeina Zeid Toukan, in Doha on September 28.

Key areas of cooperation include fertilisers, food security, renewable energy, water resources, and digital infrastructure.

India is currently Jordan's fourth-largest trading partner.

The discussions build on agreements signed during PM Modi's visit to Jordan in December 2025.

💡 Why It Matters

Raising trade to $5 billion by 2030 represents a significant increase from the 2024 baseline of $2.3 billion. This move signals a strategic deepening of economic ties between India and Jordan, particularly in critical sectors like fertilisers and energy, which are vital for both nations' economic stability and growth.

New Trade Target Set

India and Jordan have set a goal to raise their bilateral trade volume to $5 billion by 2030. The target was highlighted during a meeting between Indian Finance Minister Nirmala Sitharaman and Jordan's Minister of Planning and International Cooperation, Zeina Zeid Toukan, held in Doha, Qatar, on September 28.

The meeting took place on the sidelines of the Asian Infrastructure Investment Bank's (AIIB) 2026 Annual Meeting. According to the Indian Finance Ministry, the two ministers discussed strengthening cooperation in several key sectors, with a particular focus on food security, fertilisers, trade, and investment.

Current Trade Landscape

India is currently Jordan's fourth-largest trading partner. The latest discussions build upon a foundation laid during Prime Minister Narendra Modi's visit to Jordan in December 2025. A joint statement from that visit noted that bilateral trade was valued at $2.3 billion in 2024. Both nations agreed at that time on the need to diversify their trade basket to further enhance economic ties.

Key Areas of Cooperation

Beyond the overall trade target, the two sides are focusing on specific sectors for deeper engagement. Jordan has expressed keen interest in strengthening cooperation in fertilisers, energy, water, and infrastructure projects. The ministry noted that Jordan views India as a critical market and is looking forward to increased investment opportunities in the country.

Previous agreements from the December 2025 visit included an agreement on water resources management and development, a Memorandum of Understanding (MoU) on technical cooperation in new and renewable energy, and a letter of intent on sharing digital transformation solutions. These frameworks provide the structural basis for the new $5 billion trade ambition.

🏛️ Background & Context

The current discussions are a follow-up to the diplomatic and economic agreements reached during Prime Minister Modi's visit to Jordan in December 2025. That visit resulted in specific MoUs and agreements in renewable energy, water management, and digital infrastructure, which now serve as the implementation framework for the broader trade target.

👁️ What To Watch Next

Readers should watch for the implementation of the existing MoUs on renewable energy and water resources, as well as any new investment announcements from Indian companies in Jordan's infrastructure and energy sectors. The progress toward the $5 billion target will likely be tracked in future bilateral trade reports.