Potash exports amount to JD79m in first seven months of 2000
Potash topped Jordan's exports list during the first seven months of this year, recording an increase of JD9 million over the same period of 1999, official figures released on Monday showed.
The Central Bank of Jordan monthly bulletin revealed that exports of potash amounted to JD79 million during the Jan-July months of 2000, against a JD70.4 million a year earlier.
The Arab Potash Company (APC) attributed the rise to an increase in production, better marketing and more sales. “During these months, there was a strong demand in the Chinese and Indian markets,” said an APC official, preferring anonymity.
This year, the company has boosted its production by 15 percent, with production expected to jump to 1.85 million tones by Dec.31. The APC earlier announced that by the end of 2000 Chinese imports of the Kingdom's potash will register an increase of 22 percent.
Ranking second, the medical and pharmaceutical products leaped to more than JD73.6 million from JD57.8 million during the period of comparison.
According to Mazen Darwazeh, chairman of the Jordanian Association of Manufacturers and Pharmaceuticals and Medical Appliances, the JD16 million rise was due to a boost in drug registration activity.
“At least three local companies have registered their products in Arab outlets, including Sudan, Yemen and Algeria since the beginning of the year,” said Darwazeh. This, he added, was coupled with growth export to the Iraqi market of pharmaceutical products.
On the imports level, the CBJ October release said that transport equipment and spare parts, followed by crude oil, were the major imports through the seven-months span of 2000 and the previous year.
( Jordan Times )
By Rana Awwad
© 2000 Mena Report (www.menareport.com)