Pharmaceutical and Medical Supplies exports surges by 6.3%

senior woman taking medicine in home drugs drug
(Photo: Envato Elements)
AMMAN — The pharmaceutical industries and medical supplies sector in Jordan have witnessed a significant growth in exports, with an increase of 6.3 percent in 2023, reaching around JD736 million. This includes human medicines, veterinary medicines and pesticides, and medical supplies; export figures were provided by the sector’s representative at the Jordan Chamber of Industry (JCI), Fadi Al-Atrash.اضافة اعلان

Atrash highlighted the crucial role of the human pharmaceutical sector, which accounted for the largest share of exports at JD620 million with a growth rate of 19 percent compared to 2022, emphasizing the sector's positive response to the Economic Modernization Vision (EMV), reported by Al-Mamlaka TV.

The vision aims to elevate the sector's exports to JD2.1 billion, create 16,000 jobs, and increase its contribution to the Gross Domestic Product (GDP) to JD1.7 billion by 2023. It also seeks to attract investments totaling about JD1.1 billion over ten years.

Atrash noted the continuous support from the Jordan Food and Drug Administration (JFDA) in facilitating industry development. In addition, the sector has witnessed multiple investments, including the establishment of a new pharmaceutical factory in Mafraq, contributing to job creation and the production of innovative pharmaceuticals.

Furthermore, Jordan's pharmaceutical products have successfully entered non-traditional markets, particularly in Central Asia, Africa, and Europe. Several companies obtained European Good Manufacturing Practice certificates and CE certification, enabling exports to European countries.

The Ministry of Industry and Trade supported the sector through various incentive programs, signing agreements to provide financial support for growth. The companies in the pharmaceutical sector also contributed in-kind donations worth JD18 million to support the resilience of Gaza residents during the Israeli war on the strip.

Overall, the sector plays a vital role in Jordan's economic development, aligning with the kingdom’s vision for economic modernization and sustainable growth.

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