FINANCIAL NEWS

Jordan to enhance export profits by increasing manufactured goods

16 Mar 2017

(MENAFN) By diversifying the basket of manufactured goods and growing the sophistication of these products, Jordan will be able to boost export revenues and boost its competitiveness.

Meanwhile, chemical products, textiles and vegetables have the largest share of exports; other sectors like wood production have the highest levels of sophistication.

The kingdom’s focus on sectors like textiles and agriculture is the reason for the decline in its ranking in the ECI, while both sectors are the largest contributors to Jordan’s local exports.

In 2015, the industrial sector contributed by 24.7 percent to the kingdom’s GDP, while it functions as a job provider, employing 221.518 people in the first half of 2016.

MENAFN1603201700450000ID1095317847

MENAFN1603201700450000ID1095317847

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