Clothing and Fertilizers Top Jordan's National Exports in First Five Months of the Year - Jordan News
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Jordan Times
10 hours ago
- Jordan Times
Jordan's industrial exports rise 6.3% in first 5 months of 2025
AMMAN — Jordan's industrial exports rose by 6.3 per cent in the first five months of 2025, reaching JD3.3 billion, up from JD3.1 billion during the same period last year, the Jordan Chamber of Industry (JCI) said on Thursday. This performance confirms the sector's 'resilience and growing importance' as a key driver of national economic growth, with industrial exports now accounting for 92 per cent of the country's total national exports, the Jordan News Agency, Petra, reported. In its latest report, the JCI attributed the JD302 million increase to higher demand from key markets, particularly Saudi Arabia and Iraq, which together accounted for nearly half of the total export growth. Saudi Arabia topped the list of markets contributing to growth, with a JD91.6 million increase in imports from Jordan, followed by Syria (JD72.2 million), India (JD56 million), Iraq (JD54 million), the US (JD20.9 million) and China (JD15 million). Non-traditional markets also showed 'promising' gains, where exports to Ethiopia rose by JD48 million, followed by Djibouti (JD24.4 million) and Thailand (JD14.3 million). At the sectorial level, eight sub-industries recorded export increases, led by the food, leather, and textile sectors, which together contributed 40 per cent of overall growth. The food industry alone saw a JD62 million increase, driven by rising demand from the Arab Gulf countries, Iraq, and East Africa, particularly for vegetable oils and canned goods. The chemical industry posted a JD41 million gain, boosted by exports of fertilisers, intermediate chemicals, and cosmetics. Demand for phosphate- and potash-based products continues to grow both regionally and globally. Construction-related industries added JD33 million to export totals, as demand surged from reconstruction markets like Iraq and Libya, fuelling shipments of ceramics, paints, and insulation materials. Clothing exports led in value growth, adding JD46 million, followed by nitrogen-based fertilisers (JD32 million), cement (JD28.2 million), and soap and detergents (JD21 million). Exports of sugar, cocoa, and related products also added JD37.1 million, while electrical equipment grew by JD16.2 million. 'These figures reflect the growing diversity of Jordan's industrial production base and its deeper integration into global supply chains,' the JCI said in the report. Despite the overall positive trend, several export categories saw declines. Gold and jewellery exports dropped by JD57 million, while ready-made garments fell by JD56 million. Exports of inorganic chemicals decreased by JD13.3 million, miscellaneous chemicals by JD10.2 million, raw phosphate by JD10 million, meat and derivatives by JD7 million, and copper products by JD4 million. Some markets also recorded falling demand for Jordanian goods. Exports to Switzerland declined by JD33.6 million, Palestine by JD26.5 million, Australia by JD12.1 million, Indonesia by JD11.2 million, Brazil by JD11 million, and South Korea by JD7 million. The chamber highlighted the importance of continuing to diversify export destinations and product offerings to reduce exposure to global economic fluctuations. The JCI also called for improving Jordan's logistics infrastructure, especially in air and land freight, as well as enhancing product competitiveness through innovation and quality. The chamber urged the government to support emerging sectors such as technology and green industries, and to boost cooperation with diplomatic missions and trade attachés to ease market access.
Jordan News
21 hours ago
- Jordan News
Central Bank of Jordan Holds Key Interest Rate Steady - Jordan News
The Central Bank of Jordan's Open Market Operations Committee has decided, during its fifth meeting of the year, to maintain the key interest rate and all other monetary policy instrument rates at their current levels without change. اضافة اعلان This decision followed a comprehensive assessment of recent economic, monetary, and financial developments both locally and internationally. Economic indicators point to the resilience and robustness of the national economy amid ongoing regional geopolitical tensions. Jordan's GDP grew by 2.7% in the first quarter of 2025, a 0.5 percentage point increase compared to the same period last year, driven by growth across nearly all economic sectors. The central bank projects overall GDP growth of 2.7% for the full year 2025, supported by improvements in both domestic and external demand. Monetary stability in the Kingdom remains strong, bolstered by foreign currency reserves exceeding $22 billion as of the end of June 2025—enough to cover 8.4 months of the country's imports of goods and services. Inflation remained stable at 2% during the first half of the year, with expectations for it to remain around 2.2% for the full year, helping preserve purchasing power and support the competitiveness of the Jordanian economy. Likewise, the banking sector continues to show solid performance, with total customer deposits increasing by 7.1% year-on-year to reach JD 48.2 billion by the end of June 2025. Credit facilities granted by banks also rose by 3.9% year-on-year, reaching approximately JD 35.5 billion. Financial soundness indicators show the Jordanian banking sector is robust, with a capital adequacy ratio of 18.0%—one of the highest in the region—and a legal liquidity ratio of 144.7%, well above the Central Bank's required 100%. Jordan's external sector continues to perform positively. Tourism revenue increased by 11.9% in the first half of 2025, reaching $3.7 billion, compared to the same period last year. Total exports grew by 8.6% during the first five months of 2025, amounting to $5.6 billion. The Central Bank of Jordan reaffirmed its ongoing commitment to closely monitoring economic, monetary, and financial developments at both the domestic and international levels and taking all necessary measures to maintain monetary and financial stability in the Kingdom. These efforts aim to ensure moderate and stable inflation rates and support sustainable economic growth.
Jordan News
21 hours ago
- Jordan News
JD 92.4 Million in Trade Exchange with Syria in Four Months - Jordan News
The volume of trade exchange between Jordan and Syria during the first four months of this year reached JD 92.4 million, including JD 72.1 million in exports and JD 20.3 million in imports, resulting in a trade balance surplus of JD 51.8 million in favor of Jordan, according to the Amman Chamber of Commerce as reported by Al-Mamlaka. اضافة اعلان The Chamber noted that Jordanian products currently showing strong export potential to the Syrian market include iron, cement, insulation materials, paints, and electrical cables. In comparison, trade between the two countries last year amounted to JD 115.9 million, with JD 55.1 million in exports and JD 60.8 million in imports, placing the trade balance in Syria's favor at that time. According to the Chamber, Jordan's exports to Syria last year totaled JD 55.076 million and included food products, chemical industries, leather, live animals, and other goods. Food industry products ranked first among exports, with a total value of JD 14.654 million—accounting for 26.6% of total exports. As for Jordan's main imports from Syria last year, they included plant products such as Aleppo pistachios and animal products such as live sheep. Total imports from Syria in 2023 amounted to JD 60.849 million.
