Jordanian exports rise despite regional tensions
The Arab country’s exports grew 6% in the first eight months of the year, driven by industrial goods and increased purchases by markets such as China and the European Union. The post Jordanian exports rise despite regional tensions appeared first on ANBA News Agency .
Jordan's exports increased by 6% in the first eight months of this year compared to the same period last year, reaching JOD 6.464 billion (approximately USD 9.1 billion) according to the state news agency Petra. Despite regional tensions and disruptions to trade and supply chains, the industrial sector continued to expand. Industrial goods, such as knitted apparel and related items, grew by 4.6%; nitrogenous fertilizers and chemicals increased by 16.4%; pharmaceuticals rose by 1.8%; and crude potash grew by 12.3%.
Exports to significant markets, including Syria (+28.9%), China (+74.3%), and the European Union (+11.4%), also saw an uptick. Fathi Jaghbir, president of the Jordan and Amman Chambers of Industry, attributed the growth to the industrial sector's resilience and the products' competitive edge in global markets. Manufacturers faced increased freight and insurance costs, transport route disruptions, and delays in receiving raw materials and production inputs, which added to their operational expenses.
However, despite these challenges, Jordanian industries maintained production and met their export targets. Ahmad Khodari, President of the Jordan Exporters Association and Senator, highlighted that export growth boosts foreign currency inflows and strengthens the country's balance of payments, contributing to economic and monetary stability.
He emphasized the progress made by businesses in modernizing production lines, utilizing advanced technologies, and enhancing product quality and standards, enabling them to penetrate new international markets.
Written by urgent.news from ANBA News Agency's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
