Latest news with #Amman Chamber of Industry
Jordan Times
a day ago
- Business
- Jordan Times
Jordan ranks 1st in competitive industrial index in region — UNIDO
AMMAN — Jordan ranked first in the region for industrial sector contribution to the Gross Domestic Product (GDP) in 2024, according to the Competitive Industrial Performance (CIP) Index issued by the United Nations Industrial Development Organisation (UNIDO). The achievement underscores the "strength" of Jordan's national industry and its capacity to drive sustainable economic growth in line with the goals of the Economic Modernisation Vision (EMV), according to Amman Chamber of Industry (ACI) President Fathi Jaghbir. The announcement was made during the chamber's annual general meeting, held on Wednesday, with Jaghbir highlighting that Jordan's national exports reached a 'historic' high of some JD8.6 billion in 2024, reaching over 145 countries, the Jordan News Agency, Petra, reported. He noted that the industrial sector was the largest contributor to the national economy, accounting for more than 25.7 per cent of the GDP with a value added exceeding JD7.6 billion, reflecting its 'central' role in supporting economic growth. Despite these achievements, Jaghbir pointed to several challenges facing the sector, which could hinder its growth and the attainment of the ambitious targets outlined in the vision. The industrial sector is responsible for nearly one-third of these targets, particularly in stimulating economic growth, creating jobs and attracting investment. Key obstacles include high operational costs, especially energy prices, raw material costs and shipping and transportation fees, which reduce the competitiveness of local products. Production cost gaps between Jordanian industry and competitors in domestic and export markets stand at around 25 per cent, posing a significant barrier to expansion, he added.
Zawya
4 days ago
- Business
- Zawya
Jordan: ACI exports reach $5.9bln in first 7 months of 2025
AMMAN — Exports from the Amman Chamber of Industry (ACI) rose by 14.9 per cent during the first seven months of 2025, according to statistics data monitored on Wednesday. According to statistical data obtained by the Jordan News Agency, Petra, the chamber's exports, based on certificates of origin it issued, reached JD4.207 billion in the first seven months of 2025, compared with JD3.660 billion for the same period last year. Eight industrial sub-sectors recorded increases in their exports during the reporting period, ranging from 2.5 per cent for therapeutic and medical supplies to 78 per cent for construction industries. Exports from the wood and furniture sector declined by 8.2 per cent, while the packaging, paper, cardboard, and office supplies sector dropped by 7.6 per cent. Four countries—India, the US, Saudi Arabia, and Iraq—accounted for more than half of the ACI's exports in the first seven months of this year, with a combined total of JD2.421 billion. In terms of geographic distribution during the January–July period of 2025, Arab countries topped the list with JD2 billion in exports, followed by non-Arab Asian countries with JD935 million, and North American countries with JD723 million. Exports to EU countries totalled JD252 million, while exports to non-EU European countries stood at JD135 million. Exports to African nations reached JD87 million, South American countries JD37 million, and other destinations JD32 million. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
5 days ago
- Business
- Jordan Times
ACI exports reach JD4.207b in first 7 months of 2025
AMMAN — Exports from the Amman Chamber of Industry (ACI) rose by 14.9 per cent during the first seven months of 2025, according to statistics data monitored on Wednesday. According to statistical data obtained by the Jordan News Agency, Petra, the chamber's exports, based on certificates of origin it issued, reached JD4.207 billion in the first seven months of 2025, compared with JD3.660 billion for the same period last year. Eight industrial sub-sectors recorded increases in their exports during the reporting period, ranging from 2.5 per cent for therapeutic and medical supplies to 78 per cent for construction industries. Exports from the wood and furniture sector declined by 8.2 per cent, while the packaging, paper, cardboard, and office supplies sector dropped by 7.6 per cent. Four countries—India, the US, Saudi Arabia, and Iraq—accounted for more than half of the ACI's exports in the first seven months of this year, with a combined total of JD2.421 billion. In terms of geographic distribution during the January–July period of 2025, Arab countries topped the list with JD2 billion in exports, followed by non-Arab Asian countries with JD935 million, and North American countries with JD723 million. Exports to EU countries totalled JD252 million, while exports to non-EU European countries stood at JD135 million. Exports to African nations reached JD87 million, South American countries JD37 million, and other destinations JD32 million.
