Exports of manufacturing industries have increased by 20.6% at the end of October 2018, compared to 2017 to 30,062 million dinars (MD).
Similarly, the volume of reported investment in manufacturing industries grew by 2.2% at October 31, 2018, compared to 2017, reaching 3,065.9 million dinars, according to data from the Department of Industry and Small and Medium Enterprises.
At the end of October 2018, the volume of investments for export went up 84.7% compared to the same period of 2017.
Investments with foreign participation in manufacturing industries grew 31.3% (836.2 MD vs. 636.8 MD).
Regarding the breakdown of reported investments by sector, there is an increase of 279.1% for the leather and footwear industries and 41% for the chemical industries.
Likewise, reported investments in the mechanical and electrical industries and other industries went up by 12.4% and 33.2%, respectively, at the end of October 2018.
The Ministry of Industry explained that this increase in reported investment by sector is due to the improvement in the business climate and the increase in the number of industrial zones, in addition to the growth of investments for interior regions and the rise of automotive, pharmaceutical and textile components industries.
On the other hand, the total volume of reported investment in the services sector fell by 22.9% at the end of October 2018 and foreign invested investments fell by 36.8%.
However, the volume of reported investment for exports for services increased, as at 31 October 2018, by 8.3% compared to the same period of 2017.
In addition, reported investments in the agri-food industries fell by 20.3% and those in the building materials industries sector declined by 8.3%.
Reported investment in the textile-clothing industry sector fell 18.6%.