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Amman Chamber of Industry Reports 4% Decline in Exports Over 8 Months

by Geraldine S.
09/09/2024
in Importing & Exporting

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The Amman Chamber of Industry recorded a 3.94 percent decrease in exports during the first eight months of the year, totaling 4.55 billion Jordanian dinars ($6.42 billion) compared to the same period in 2023. Several sectors experienced export declines, with mining industries seeing the most significant drop of 35.6 percent, according to Jordan’s official news agency, Petra. Other sectors, such as office supplies, packaging, paper, and cardboard, saw a 4.6 percent decrease, while exports from the construction sector fell by 23.1 percent.

However, growth was observed in seven areas, with the chemical and cosmetics industries leading the increase at 22.1 percent. The food, agriculture, and livestock sectors also posted gains, rising by 2.4 percent. During this period, the US, Saudi Arabia, Iraq, and India accounted for over half of the Chamber’s total exports, amounting to 2.90 billion dinars. Exports to the US saw a substantial 53.2 percent increase, establishing the country as the primary destination for Amman’s industrial exports. Shipments to Iraq also rose by 10.8 percent, while exports to Saudi Arabia and India saw declines of 5.5 percent and 37.6 percent, respectively.

Arab countries were the top destination for exports, totaling 2.01 billion dinars, followed by non-Arab Asian nations at 833 million dinars, and North America with 1.22 billion dinars. The chemical and cosmetics industries led the Chamber’s export sectors with 1.10 billion dinars in exports, followed by mining industries at 947 million dinars and the engineering, electrical, and computer technology sectors with 712 million dinars.

Discover top stories in supply chain logistics news on The Supply Chain Report. For free tools related to international trade, visit ADAMftd.com.

#TradeUpdate #JordanEconomy #ExportStatistics #IndustryNews #EconomicTrends

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