Egypt’s food industry exports rose to $4.1 billion

Egypt’s food industry exports rose to $4.1 billion
Egypt’s food industry exports rose to $4.1 billion
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I wrote – Sherine Salah:

The Export Council for Food Industries announced that the sector’s exports increased in 2022 by a slight rate of 0.5%, compared to the same period in 2021.

According to the Council’s monthly report issued today, Tuesday, the value of exports of the food industries sector increased in 2022 to about 4 billion and 124 million dollars, compared to 4 billion and 102 million dollars, with a growth value of 22 million dollars.

The report stated that last March’s exports were the highest during the past year, with a value of about $430 million, while July’s exports were the lowest, with a value of $260 million.

Exports to Arab countries topped the list of the most important international groups importing Egyptian processed foods during 2022, with a value of $2.67 billion, representing 50% of total food exports, with a decline of 7% and a decline value of $159 million.

Followed by exports to the European Union with a value of $829 million, an increase of 31%, representing 20% ​​of total exports, and exports to non-Arab African countries, with a value of $300 million, representing about 7.3% of total exports, with a decline in the value of exports amounting to 26%.

Then came food products exports to the United States of America with a value of $277 million, representing about 6.7% of total exports, achieving a growth rate of 24%, then the rest of the exports of international groups amounting to $651 million, which represents 16% of total exports and achieving a growth rate of 6% compared to exports in 2021, according to the report.

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As for the most important countries in the world importing Egyptian food industries in 2022, the Kingdom of Saudi Arabia ranked first with an export value of $370 million, an increase of 22%, followed by the United States of America with a value of $277 million and a growth rate of 24%, and Libya with a value of $218 million and a growth rate of 8%. %, Palestine with a value of $207 million, an increase of 37%, and Sudan, with a value of $182 million, a decrease of 19%.

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Then came Jordan with a value of $173 million in exports, achieving a decline of 8%, Yemen with a value of $153 million and a growth rate of 11%, the Netherlands with a value of $143 million and a growth rate of 67%, Germany with a value of $125 million and a growth rate of 5%, and China in tenth place with a value $112 million, a decline of 13% compared to exports in 2021.

The Kingdom of Saudi Arabia also occupied the list of the most important countries that achieved the highest increase in exports of Egyptian food products in 2022, with an increase in exports of $66 million, followed by the Netherlands, with an increase in exports of $57 million, and Palestine, with an increase in exports of $56 million.

Turkey ranked fourth among the most important countries that achieved an increase in Egyptian food exports, with an export value of $103 million and an increase in exports of $55 million, followed by the United States of America with an increase of $54 million, and Poland with an export value of $62 million and an increase in exports of $27. million dollars, and Britain with an export value of 68 million dollars and an increase value of 20 million dollars.

It came after Denmark with an export value of $32 million and an increase of $20 million, then Lebanon with an export value of $110 million and an increase of $17 million, and in tenth place came Russia with an export value of $80 million and an increase of $16 million compared to exports in 2021.

According to the report, the number of Egyptian processed food exporting companies in 2022 reached about 2,082 exporting companies and factories, including 435 companies whose exports exceed one million US dollars, and the number of 190 companies whose exports exceed half a million dollars and less than one million dollars.

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