Jordan's industrial exports at JD4bln in H1 2023 - JCI

(File photo: Jordan News)
AMMAN — During the first half of 2023, Jordan's industrial exports recorded a growth of nearly 2 percent, reaching JD4 billion, compared to JD3.9 billion for the same period last year.اضافة اعلان

Head of the Jordan Chamber of Industry (JCI), Fathi Jaghbir, said industrial exports achieved growth by more than 72 percent during the past three years, Jordan News Agency, Petra reported.

Meanwhile, he noted coverage of the Kingdom’s exports to imports in H1 2023 reached 50 percent for the first time in two decades.

New progress
Jaghbir stated that the growth in industrial exports was due to the industry’s expansion into multiple global markets, such as, Saudi Arabia, Spain, and Canada, and its access to many new, non-traditional markets, primarily Finland, Bulgaria, Nepal, and Bosnia and Herzegovina.

He noted exports of multiple industrial products recorded growth that reflects "positive" performance of many industrial activities and the development of their capabilities and the quality of these products. First among these was the jewelry sector, which grew by 91 percent, various chemical products by 18.6 percent, and other national industries.

Industrial success
The industrial sector, whose exports in the first half of 2023 constituted 96 percent of total national exports, is viewed one of the Kingdom's largest productive sectors.

This sector, he said, has production capacities amounting to JD18 billion annually, creating an added value amounting to approximately 46 percent of the total volume of production.

Jaghbir added that this sector also had the largest weight in the gross domestic product at a rate of 21.2 percent in Q1 2023, thus achieving a growth rate of 3.3 percent, compared to the same period last year.

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