JCI reports rising exports, industrial development

AMMAN — The value of the Kingdom’s industrial exports in the first nine months of the year totalled JD5.84 billion, President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir said on Monday.

Jaghbir added that the value of industrial exports in the 2022 January-September period went up by JD1.39 billion, marking a 50 per cent increase compared with the same period in 2021, which recorded a value of JD3.92 billion, the Jordan News Agency, Petra, reported.

The JCI president added that the unprecedented hike in industrial exports was the result of recent efforts made to improve the industrial sector, noting that this development reflects better performance of the industrial sector at the national level.

He added that industrial exports to most countries grew in the first nine months of 2022, with the US accounting for an export value of JD1.313 billion, followed by India with JD1.046 billion and Saudi Arabia with JD626 million. 

Jaghbir attributed this growth to improvements in the majority of export sectors, mainly mining industries, which grew by JD859 million to JD1.4453 billion, and chemical exports, which totalled JD1.460 billion. 

He also referred to several factors that boosted industrial exports, mainly the expansion of production processes and rising global demand, which resulted in increased exports, particularly potash, raw phosphate, fertiliser and clothing exports.

Jaghbir described these “outstanding” results as a reflection of the developing industrial system in the Kingdom, calling for utilising opportunities and expand production and exports. 

The JCI president stressed that the next phase requires further action to overcome difficulties that hinder growth and expansion in the industrial sector, in line with the Economic Modernisation Vision, and efforts to achieve self-sufficiency and food security.