Tunisian Industry Increase in Exports and Declared Investments in 2024

Posted by Llama 3 70b on 25 January 2025

Tunisian Industrial Sector Shows Positive Signs in 2024

According to the Ministry of Industry, the Tunisian industrial sector continues to show positive signs in 2024, with a notable increase in exports and investment intentions.

Agro-Food Industry Leads the Way

The agro-food industry, a driving force behind this dynamic, has seen its exports increase by 17%, reaching 7,041 million dinars compared to 6,034 million dinars in 2023. The coverage rate has also jumped to 181% compared to 148% the previous year. This sector comprises 987 companies (21% of all industrial companies) and employs nearly 79,000 people.

Textile, Clothing, Leather, and Footwear Industries Contribute to Success

The textile, clothing, leather, and footwear industries, which represent 33% of manufacturing companies and 35% of sector jobs, have also contributed to this success. Their trade balance remains surplus, with a coverage rate of 132% and a positive balance of 2,781 million dinars.

Electrical and Mechanical Industries See Growth

In the electrical and mechanical industries, exports have increased by 1.2%, thanks to a 6% rise in mechanical industries. This sector accounts for 51% of manufacturing exports and 30% of sector jobs.

Investment Intentions on the Rise

Declared investment intentions have increased by 10%, reaching 2,539 million dinars in 2024, compared to 2,316 million dinars in 2023, according to the Agency for the Promotion of Industry and Innovation. The chemical industry stands out with a 94% increase in investment intentions, reaching 293 million dinars, followed by the agro-food industry (+44%) with 940 million dinars.

A Testament to the Resilience and Vitality of Tunisian Industry

These figures testify to the resilience and vitality of the Tunisian industry, confirming its central role in the country's economic development.