Amman Chamber of Industry exports dip to almost 4% in 8 months

RIYADH: Exports from the Amman Chamber of Industry have decreased by 3.94 percent during the first eight months, reaching 4.55 billion Jordanian dinars ($6.42 billion), compared to the same period in 2023.

Three sectors experienced declines in exports, with the mining industries witnessing the greatest drop of 35.6 percent, according to Jordan’s official news agency Petra.

A decrease of 4.6 percent was also reported by the office supply, packaging, paper, and cardboard industries, while exports from the construction sector fell by 23.1 percent.

Other exports increased in seven areas, ranging from 2.4 percent for the food, agriculture, and livestock sectors to 22.1 percent for the chemical and cosmetics industries.

During this time, the US, Saudi Arabia, Iraq, and India accounted for four major markets for more than half of the chamber’s exports, which totaled 2.90 billion dinars.

Compared to 782 million dinars during the same period in 2023, exports to the US saw a notable 53.2 percent increase, reaching 1.20 billion dinars in the first eight months of the year.

The expansion established the US as the primary destination for Amman’s industrial exports.

Shipments to Iraq increased by 10.8 percent to 609 million dinars, from 549 million dinars during the same period the previous year.

Exports to Saudi Arabia fell 5.5 percent to 521 million dinars, down from 551 million dinars in the same term in 2023. Exports to India declined by 37.6 percent to 567 million dinars, from 908 million dinars.

Arab countries dominated the geographical distribution of exports from the Amman Chamber of Industry, with exchanges of 2.01 billion dinars.

Non-Arab Asian nations followed with 833 million dinars, while African countries earned 23 million dinars in exports.

Exports to North America totaled 1.22 billion dinars, with South American countries importing goods worth 61 million dinars.

EU nations exported 235 million dinars, while non-EU European countries received 96 million dinars. Exports to other global markets totaled 66 million dinars.

The chemical and cosmetic industries topped the Amman Chamber of Industry exports list, totaling 1.10 billion dinars. The mining division followed with exports of 947 million dinars, while the engineering, electrical, and computer technology sectors accounted for 712 million dinars.

Other significant fields included the food, agricultural, and livestock industries, which exported products worth 521 million dinars. Medical and pharmaceutical exports reached 448 million dinars, and leather and textile exchanges totaled 350 million dinars.

Exports from the plastic and rubber industries amounted to 201 million dinars, while the packaging, paper, cardboard, and office supplies sector contributed 181 million dinars.

The construction division exported goods valued at 76 million dinars, and the wood and furniture industries added 14 million dinars in exports.

Founded in 1962, the Amman Chamber of Industry currently represents 8,600 industrial establishments, employing around 159,000 workers, with a total capital of approximately 5 billion dinars.