Used Car Export Country Guide (2023) Asia - Jordan
创建于2024.09.04
Used Car Export Country Guide (2023) Asia - Jordan
1. Basic Information
The Hashemite Kingdom of Jordan (Jordan for short) has an area of 89,000 square kilometers and a population of 11.29 million. According to data from the International Monetary Fund, Jordan's GDP in 2023 was US$50.02 billion, a year-on-year increase of 5.2%, and its per capita GDP was about US$4,100. In 2023, the bilateral trade volume between China and Jordan reached US$5.786 billion, a year-on-year decrease of 10.3%. Among them, China's exports to Jordan amounted to US$5.08 billion, a year-on-year decrease of 10.9%; China's imports from Jordan amounted to US$706 million, a year-on-year decrease of 5.1%. China mainly exports electromechanical products, communication equipment, and textiles and clothing to Jordan, and mainly imports potash fertilizers from Jordan.
Jordan's resources mainly include phosphate, potash, copper, manganese, uranium, oil shale and a small amount of natural gas. The phosphate reserves are about 2 billion tons. The Dead Sea can be used to extract potash, with reserves of 4 billion tons. The oil shale reserves are 70 billion tons, but the commercial mining value is low.
2. Automobile Market Situation
Jordan's automobile industry is weak, there are no local automobile brands and production lines, and automobiles mainly rely on imports. In 2022, Jordan's new car sales reached 37,000 units, the highest level in five years. The top three new car sales were Toyota, Kia and Hyundai, and the domestic brand MG ranked fifth. From January to October 2023, Jordan's new car sales were 32,000 units, a year-on-year increase of 12.0%. Among them, Toyota's sales were 12,000 units, accounting for 38.2% of the market share, followed by Kia, MG, Hyundai, Nissan and other brands. In terms of models, SUVs and crossovers dominate the Jordanian passenger car market, accounting for more than half of sales in 2023, and continue to grow, because the versatility of such vehicles is very suitable for Jordan's diverse terrain and family needs.
Jordan's new car sales adopt the agent sales model, that is, local car sales companies act as agents for major car brands in the world, responsible for the import of one or more brands and sales, maintenance and services in Jordan. Most brand sales showrooms, maintenance service centers, and parts warehouses are located in different parts of the city, and do not adopt the 4S store model that is more popular in China. Geely, Changan, Chery, Trumpchi, Great Wall, BYD, Nezha and other brands have already laid out the Jordanian car market, but their market share is relatively low.
Jordan has a strong demand for used cars, and used car imports account for about 70% of Jordan's total imported cars. Jordan mainly imports used cars through the Port of Aqaba, and the main popular used cars in the local area are mainly Japanese and Korean models. In recent years, with China's interest in exporting used cars, the market share of Chinese used cars, especially new energy used cars, in Jordan has gradually increased.
The Jordanian government has promoted the development of new energy vehicles by reducing import tariffs on electric vehicles. Preferential tariffs give electric vehicles greater advantages than hybrid and gasoline vehicles, which has strongly promoted the import of electric vehicles. From January to August 2023, a total of 47,000 vehicles were cleared in the Jordan Free Trade Zone, of which electric vehicles accounted for 47.1%, hybrid vehicles accounted for 23.8%, gasoline vehicles accounted for 17.9%, and diesel vehicles accounted for 10.3%. The import volume of electric vehicles has accounted for nearly half of the total import volume, and the import growth trend is obvious.
(III) Policies and regulations on the import of used cars
1. Import policy
Jordan requires that the age of imported used cars must be less than 10 years, and only left-hand drive vehicles are allowed to be imported. Imported used cars can be achieved through temporary entry or permanent entry:
(1) For vehicles entering temporarily, a temporary entry permit is required. The vehicle must be licensed in the country of origin and have a metal license plate. It must be registered with the Department of Motor Vehicles and is valid for 3 months. During the 3 months, the driver can drive with the license plate of his country of origin. After the temporary permit expires, it can be renewed for another 3 months and then extended for another 2 months. After the expiration of the temporary permit for 8 months, the driver must transport the vehicle to the Zakah Free Trade Zone, pay customs duties and obtain a permanent Jordanian license, or re-export the vehicle from Jordan or sell it duty-free.
(2) For permanent entry vehicles, they must be transported to the Zakah Free Trade Zone, tested by the Jordanian Motor Vehicle Administration and approved by Interpol. The importer should pay customs duties based on the assessed value of the vehicle by the customs authorities and register it in the free trade zone.
2. Tax policy
In 2020, Jordan issued a decision to reduce and exempt customs tariffs on pure electric vehicles. The tariff on electric vehicles of 250 kilowatts and below was reduced from 25% to 10%, and the tariff on electric vehicles of 251 kilowatts and above was reduced from 25% to 15%. The weight tax on electric vehicles was exempted and replaced by a 4% tax on the vehicle sales price and a 25% sales tax.
3. Documents required for import
• Original proof of ownership and registration
• Original business/purchase invoice
• Import customs declaration
• Original Bill of Lading (OBL)
Source: China Used Car Export Country Guide 2023
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