September 25 2022 3:01 PM E-paper Subscribe Sign in My Account Sign out

ACI exports up over 57% in past 7 months

aci
(Photo: Jordan News)

AMMAN — Exports by the Amman Chamber of Industry (ACI) maintained an upswing, surging 57 percent between January and July, compared with the same period last year, according to the Jordan News Agency, Petra.اضافة اعلان

Exports climbed to JD4.159 billion in the seven-month period this year, compared with JD2.656 billion in the corresponding period in 2021, according to ACI data.

The bulk of industries recorded an increase in exports, except therapeutic industries and medical supplies, which dropped 9 percent to reach JD300 million, compared with JD330 million during the same period of last year, the figures showed.

ACI exports continued a remarkable upward trend, achieving unprecedented rates since the beginning of the year, the chamber said.

It said Jordanian industry’s have the ability to bypass hurdles and compete in export markets, given the quality of Jordanian products. ACI called for supporting manufacturers to increase production and expand job-generating businesses.

Jordanian industries can access more than 142 markets worldwide through the export of 1,400 various commodities.

The national industry, which recruits more than one-quarter of a million Jordanians, has a pivotal contribution to the Kingdom’s trade balance as it accounts for 93 percent of the country’s total exports at an annual value of up to JD5 billion and a sector investment volume of JD15 billion, the ACI said.

India, the US, Saudi Arabia, and Iraq accounted for more than half of ACI exports during the past seven months of the year, buying Jordanian products worth JD2.199 billion, the chamber said.

Read more Business
Jordan News