Jordan's Exports Growth in The First Half

16-Jul-2019

Alrai ـــThe Chamber of Industry of Amman reported that the growth rate of industrial exports reached more than 12.7% during the first half of this year. 

The preliminary indicative figures issued by the Chamber, which obtained the opinion of a copy, showed that the chemical and cosmetic industries were the main sectors exporting 37%, followed by the mining industries by 22.9%, then the food, agricultural, and livestock industries by 8.9% in the rate of%. According to Musa Al Saket, deputy head of the Amman Chamber of Industry, this increase was due to an increase in industrial production and a decrease in selling prices so as not to lose the markets, pointing out that industrial exports constitute more than 90% of the total national industries. Economic situation calls for the provision of all facilities for the sector and the removal of obstacles that affect it. 

He added that the importance of exports lies in the fact that each dinar is exported from the Kingdom, offset by 3 JDs in GDP, and that Jordanian industry plays an important role in driving economic growth due to the large diversification of its exports. 

The share of the Arab Free Trade Area was the highest in the value of exports by 8%, North America under the FTA by 2.5%, and the non-Arab Asian countries by 9.5%, and the European market fell by 2.6%. 

The United States ranks first in the Kingdom's leading export markets, accounting for 26.1% of the total industries, followed by the Saudi market with 11.4% and the Indian market. Our exports reach 135 countries, Market. 

He noted that during the past years, we have moved to new markets, including Ethiopia, Kenya and Ghana, but the customs barriers and high transport prevented the form, although some industries exported their goods, but very modest figures. 

He pointed out to the importance of taking measures to expand our exports, such as reducing production costs, especially energy, as the item of energy prices linked to electricity, has worked to raise energy and electricity specifically on the industries more than 35% during the past 3 years, not to mention that electricity prices are the most Compared with neighbouring countries, and high taxes. 

He called on Saket to have specialized institutions to give financing to industrial projects, because there are difficulties and obstacles that prevent the appropriate funding under different criteria, because all the banks that we have business. 

Total exports grew by more than 5% in the first quarter of this year, imports decreased by 1.1%, and the trade deficit decreased by 5%.









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