ESWATINI RANKS HIGH IN CIP

MBABANE – The latest report on Competitive Industrial Performance (CIP) index 2020 has ranked the Kingdom of Eswatini at fourth position in Africa and 83 globally, out of 152 profiled countries.

The annual CIP index, done by the United Nation’s Industrial Development Organisation (UNIDO), benchmarks the ability of countries to produce and export manufactured goods competitively.

According to Monthly Bulletin of Statistics (MBS) online, manufactured goods are defined to comprise sections five through eight of the Standard International Trade Classification (SITC) and these sections are chemicals and related products, manufactured goods classified chiefly by material, machinery and transport equipment and miscellaneous manufactured articles.

The report provides a graphical summary capturing the competitive performance of each of the 152 countries and economies included in the 2020 CIP index, relative to their performance in previous years and compared to that of the rest of the world.

Although the country’s producing and manufacturing industry still has a lot of development and growth to go through, it reportedly raked in about E18.5 million in manufactured goods exported in 2018, according to the Eswatini Merchandise Trade (2009-2018) report.
Eswatini was ranked below South Africa, Egypt and Tunisia on the continent and these countries were ranked at 52, 64 and 67 respectively. At the top of the rankings was Germany followed by China.

Manufacturing

According to the report, Eswatini has manufacturing value added (MVA) of E23.9 million.
The MVA of an economy is the total estimate of net-output of all resident manufacturing activity units obtained by adding outputs and subtracting intermediate inputs.

The report depicts that on manufacturing exports, the country had E29.4 million in the period under review.
The country scored 66.8 per cent on resource based; 14.7 per cent on low tech;  17.8 per cent on medium tech and 0.7 per cent on high tech.

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