The value of petroleum refining and coke oven product climbed by 30.4% of total industrial production, recording EGP 101.9 billion
The value of industrial production, excluding crude oil extraction and refining, hit EGP 182.2 billion in the 2nd quarter (Q2) of 2020, an 11.3% increase from Q2 2019, revealed a new data set from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Overall value of industrial production grew by 7.1% to EGP 333.5 billion in Q2 2020, up from EGP 313.2 billion in Q2 2020.
Related > Non-oil exports jump 16% in September with imports down 7%| TradeMin
The value of petroleum refining and coke oven product climbed by 30.4% of total industrial production, recording EGP 101.9 billion, while crude petroleum and natural gas extraction contributed EGP 51.6 billion or 15.4% during the three-month period.
Food product value increased by 13.8% to EGP 41.4 billion in 2020’s 2nd quarter, up from EGP 36.3 billion in Q2 20219, while the value of manufacturing computers, electronic products, and medical equipment increased by 57.8% to EGP 3.8 billion from EGP 2.4 billion.
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The continued positive performance of the production sectors in Egypt supported an increase in engineering product exports, according to a previous statement by Mai Helmy, Executive Director of Engineering Export Council of Egypt (EECE), in which Egypt’s engineering exports jumped by 43% in the first 9 months of 2021.
