Exports from East Amman Industrial Zone dropped by 6 per cent in 2015

AMMAN — Exports from the East Amman Industrial Zone in 2015 dropped by 6 per cent compared to 2014, as some main markets closed and international commercial demand weakened.

Exports of the zone last year stood at JD321 million compared to JD343 million during 2014, according to a statistics report from the Eastern Amman Investors Industrial Association.

Chairman of the association, Iyad Abu Haltam, said the drop is mostly in manufacturing industries as a result of a decrease in exports to Iraq, Egypt and Libya in light of political and security conditions there, in addition to Algeria, which is not committed to the Greater Arab Free Trade Area and collects fees amounting to 30 per cent.

Abu Haltam added that exports to the US, Europe and some non-Arab Asian countries decreased as well because of weaker demand on products resulting from the regression in world economy.

Supplies, food, agricultural and animal products exports stood at JD95 million followed by chemical industries and cosmetics at JD60 million, and then the engineering, electricity and information technology sector at JD41 million.