ACI exports up 52% in 8 months

(File photo: Jordan News)
AMMAN — Exports of factories and businesses registered with the Amman Chamber of Industry (ACI) jumped by 52 percent to JD4.81 billion in the first eight months of this year, compared with JD3.17 billion in the same period in 2021, according to the Jordan News Agency, Petra.اضافة اعلان

With the exception of the pharmaceutical and medical supply industries, which saw a 4 percent decline in exports to JD356 million from JD372 million during the same period in 2021, most industrial sectors saw an increase in exports during the specified period.

India, the US, Saudi Arabia, and Iraq accounted for more than half of the ACI’s exports, valued at JD2.5 billion, between January and August.

ACI said exports to India surged by 74 percent to JD981 million, up from JD562 million in the corresponding period in 2021. Exports to the US also rose by 6 percent to JD657 million, up from 617 million.

Exports to Saudi Arabia jumped by 27 percent, reaching approximately JD488 million, compared with JD372 million during the same time period in 2021.

Exports to Iraq also increased by 10 percent to JD383 million, compared with JD349 million for the same period last year, while exports to Syria surged by 47 percent to JD81 million, compared with JD55 million for the same period last year.

Exports to Palestine grew by 20 percent to JD116 million this year, up from JD97 million in eight months last year.

The mining industries contributed JD1.624 billion to the total exports, followed by the chemical and cosmetic industries with JD1.042 million and the engineering, electrical, and information technology industries with JD600 million.

The export value of the catering, food, agricultural, and livestock industries reached JD460 million, followed by the therapeutic industries and medical supplies sector with JD356 million, and the leather and textile industries with JD300 million.

Exports from the packaging, paper, cardboard, and office supplies industries totaled JD195 million, while exports from the plastic and rubber industries hit JD167 million.

The industrial sector is critical to the Kingdom’s trade balance, accounting for 93 percent of total national exports, with a value that typically exceeds JD5 billion, while investment in the sector totals JD15 billion.

ACI, which was established in 1962, has 8,600 industrial members employing 159,000 people. The combined capital of ACI-registered businesses is approximately JD5 billion.

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