Chambers of Industry Report Growth in H1 Industrial Exports Despite Overall Decline

Fathi Jaghbir, head of the Jordan and Amman Chambers of Industry, reported positive trends in industrial exports for the first half of this year, despite a general decline in export figures. In a statement on Tuesday, Jaghbir highlighted significant growth in various industrial sectors, including food, supplies, leather, textiles, plastic, rubber, and pharmaceuticals. He attributed the overall decline in exports to price fluctuations and regional events, notably the aggression on Gaza, which disrupted navigation in the Red Sea and affected related sectors. Jaghbir noted a substantial rebound in leather and textile exports, which surged from JD130 million to over JD793 million. This growth is vital for the national export structure. The food and supply industries, along with livestock, experienced a growth of more than JD37 million, reaching over JD386 million, indicating the high quality and strong reputation of Jordanian products. The therapeutic industries sector also demonstrated resilience, with export s increasing by over JD37 million to surpass JD281 million. On the global front, Jordanian industrial exports expanded to more than 140 markets worldwide. Exports to Arab countries grew by over 8 percent, totaling JD1.584 billion, while North American markets saw a 12 percent increase, reaching JD1.111 billion. Exports to East Asia amounted to about JD172 million. Jaghbir emphasized that these figures reflect the robust capabilities of Jordanian products and their growing presence in international markets. He described these developments as crucial for opening new opportunities and bolstering the national economy. He also pointed out that industrial exports now cover approximately 42.6 percent of the total import volume, highlighting their significant contribution to the Kingdom's foreign currency reserves. Source: Jordan News Agency