The Jordanian Strategy Forum said Wednesday that the rise of Jordanian industrial exports by 18% to the end of February this year indicates that the industrial sector "started to recover."

The improvement in the sector "calls for a positive consideration of the opportunities available in the industry sector, investment and development, providing necessary facilities and support required to achieve economic benefits from a strong and sustainable Jordanian industrial sector," he said in a statement.

He pointed out that "the exports of the Chamber of Industry grew by 18% to the end of February of this year to 783 million dinars, followed by Chamber of the blue industry with exports amounted to 105.2 million dinars, and then Irbid Chamber of exports worth 91.5 million dinars."

The forum pointed out that "the most sectors of exports are the sectors of mining industries, followed by the chemical and cosmetic industries, and then the leather industry and knitting."

"The share of Asian countries in Jordanian exports is the largest, with 28.3 percent of the total exports of the Amman Chamber of Industry (Jordan's largest industrial chamber), followed by the Middle East by 27.4 percent, followed by the Arab Gulf countries by 20.6 percent and North America by 11.2 percent.

"The contribution of the industrial sector to GDP is about 19% at the end of the third quarter of 2018," according to figures released by the Department of Statistics.

The industry enjoys great economic importance due to its role in increasing national exports abroad and the direct and indirect economic effects of exports on the national economy. Exports contribute to the increase of foreign reserves in the central bank; this in turn means maintaining the value of the dinar and controlling inflation rates, Increase the central bank's ability to control market liquidity and cash supply levels.

"The increase in exports plays an important role in providing the industrial sector with funds necessary to increase its operations in Jordan and attract more investments to the sector, which means more job opportunities and increased incomes of citizens," the forum said.

"The presence of a strong Jordanian industrial sector capable of exporting and increasing the volume of its exports means increasing the general revenues of the state treasury as a result of the taxes collected from this sector and the entry of its employees," he said.

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