21-Mar-2019
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Exports of the Chamber of Industry of Amman (the largest industrial chamber in the Kingdom)
grew by 18% during the first two months of this year compared to the same
period last year, with a total exports of JD 783 million, followed by Zarqa
Chamber of Industry with exports of KD 105.2 million, Irbid exports worth 91.5 million
dinars.
The sectors that exported the most sectors were the mining sectors, followed by
the chemical and cosmetic industries, and then the leather and knitting
industries sector.
The share of Asian countries in the Jordanian exports was the largest by 28.3%
of the total exports of the Amman Chamber of Industry, followed by the
countries of the Middle East by 27.4% and then the Gulf Arab countries by 20.6%
and North America by 11.2%.
The industrial sector in Jordan is considered one of the most important sectors
of the Jordanian national economy. The contribution of this sector to GDP
reached about 19% at the end of the third quarter of 2018, according to figures
issued by the Department of Statistics.
The industry has great economic importance due to its significant role in
increasing national exports abroad and the direct and indirect positive
economic effects of exports on the national economy. As exports contribute
to increasing foreign reserves in the central bank; this in turn means maintaining
the value of the dinar and controlling inflation rates in addition to
increasing the ability of the central bank to control the levels of liquidity
in the market and supply of cash.
The increase in exports plays an important role in providing the industrial
sector with the necessary funds to increase its operations in Jordan and
attract more investments to the sector. This means creating more job
opportunities, increasing the incomes of citizens and thus raising the standard
of living. This will increase the competitiveness of the Jordanian economy as a
whole and contribute to creating blocs. Which will further complicate the
Jordanian economy and thus increase economic growth rates and provide new
economic opportunities across the social strata, educational levels and
different regions throughout the Kingdom.
In addition, the presence of a strong Jordanian industrial sector capable of
exporting and increasing the volume of its exports necessarily 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. This is necessary and
important for the Jordanian public's need for more revenues to meet its
development commitments. .
In light of all the above mentioned economic importance of the industrial
sector and exports, the Jordan Strategy Forum highlighted the figures
indicating the beginning of the recovery of the industrial sector in Jordan,
which requires looking positively at the opportunities available in this sector
and work on investment and development and provide the necessary facilities and
support required to achieve The economic benefits of a strong and sustainable
Jordanian industrial sector.
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