18% Increase in Exports of Amman Chamber of Industry in The First two Months of this Year

21-Mar-2019

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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Zahran Street - Jabal Amman - Amman - Jordan
Phone Number: 0096264643001
Mobile: 00962795202164
Fax: +96264647852
Email: aci@aci.org.jo
P.O.Box.: 1800 Amman 11118 Jordan

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