$1.9b value of exported leather and weaved items — JCI

3. Clothes
(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Representative of the garments industries at the Jordan Chamber of Industry Ihab Qadri said the value of exported leather and weaved items to external markets in 2021 are estimated at $1.9 billion, most of which went to the US market, according to Al-Rai Daily.اضافة اعلان

Qadiri said that small and medium sized factories have been adversely affected by the repercussion of the COVID-19 pandemic due to low purchase activity, adding that these factories need solid support to increase their market share locally and externally. “Operational cost must be reduced to enable those factories to hire local labor,” he said.

Qadri said that exports have dropped by 15 percent in 2020, while in 2019 the total exports amounted to $2billion.

Qadri called for solving the liquidity scarcity issue that was brought by the pandemic, and to provide cash flow through Central Bank programs.  He said this cash can be transformed into current expenditure on wages and production inputs rather than use this cash on capital funds with zero interest, in addition to reviewing and facilitating funding.

According to national chambers of industry data of 2019, leather and weaved garments accounted for 27.5 percent of total exports, with a value of JD1656.0 million, coming first in the overall export volume.

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