Jordan'S Garment Leather Export Value In The First Nine Months Decreased By 15% Year On Year

Petra news agency reported recently that Jordan's garment and leather exports in the first nine months of this year amounted to 899 million (about 1.27 billion US dollars), down 15% year on year. In the fourth quarter of this year, industrial exports are expected to worsen, with a decrease of 25%, which is expected to gradually return to normal in early 2021. At present, some clothing and leather enterprises in Jordan have turned to the production of masks, protective clothing and protective shoes to meet local needs and create jobs. The export scale of the industry reaches 550 million US dollars and has the potential to create 33000 jobs.

"Jordan Times" reported that weekend sales accounted for 50% of Jordan's total clothing sales, winter sales preparations began in September, but now 90% of goods are stacked in warehouses. Clothing retail industry is stagnant, and businesses are suffering from serious losses. We should take immediate action to change this uncertain situation.

In order to increase cash flow and make up for employees' wages, water and electricity expenses and costs, it is expected that businesses will provide discount prices in this sales season, resulting in fierce market competition. At present, Jordan's clothing retail industry has about 11000 stores, accounting for 60% of the main commercial centers. The main clothing importing countries are China (accounting for more than 50%), Turkey, India, Bangladesh, Egypt and European countries.