Jordan’s industrial exports record JD4.94b in first 7 months of ’24

Jordan’s industrial sector recorded a slight increase in exports, reaching JD4.94 billion (around $7 billion) in the first seven months of 2024, a 0.13 per cent rise compared to JD4.93 billion during the same period last year.

The Jordan Chamber of Industry reported significant growth in specific industries. The chemical and cosmetics sector led the way with a 27.14 per cent increase in exports contributing JD1.028 billion, followed by the wood and furniture industry, which saw a 26.75 per cent rise. Detailed export data revealed that the leather and footwear industries accounted for JD960 million, and the mining sector generated JD818 million in exports. The engineering and IT sectors combined exported JD657 million, while the food and agricultural sectors added JD590 million. Medical supplies and equipment exports totalled JD420 million.

Additional contributions came from the plastic and rubber industries with JD196 million, packaging and wrapping at JD168 million, construction-related exports at JD92 million, and the wood and furniture sectors with JD14 million.

However, other sectors experienced declines, with mining exports dropping by 30.67 per cent, packaging and wrapping by 2.63 per cent, and construction-related exports by 22.44 per cent.

Jordan’s industrial sector produces approximately 1,500 products annually, valued at JD17 billion, with around 1,400 products exported to over 150 countries. The sector has been crucial in driving economic growth, contributing significantly to the Kingdom’s 2 per cent economic expansion in the first quarter of 2024.

Attribution: Jordan News Agency

Subediting: Y.Yasser