Egypt’s export of food industries marginally grew by 1% in 11 months of 2020 earning US$3.2 billion

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EGYPT – Egypt’s annual exports of food industries increased 1% during the first 11 months of 2020, recording US$3.2 billion, according to head of the Export Council for Food Industries Hany Barzy.

Barzy explained that food industry exports account for 13.2 percent of total Egyptian non-oil exports, and it ranks third in the list of the most important Egyptian export sectors during the period from January to November 2020.

He added that the exports of November 2020 amounted to US$246 million, marking a decrease of 8 percent compared to the exports of the same month of 2019. In October, exports reached about US$270 million, with a decrease of 12 percent compared to October 2019 exports.

According to Barzy, exports in September hiked 3 percent to about US$ 314 million.

Moreover, June exports recorded the highest value of food exports in 2020, earning the country US$ 345 million, marking a growth rate of 42 percent compared to the same month of 2019, reports EgyptToday.

Arab countries topped the list of the most important international groups importing Egyptian processed foods, with a value of US$ 1.72 billion, representing 54 percent of total food exports during the period from January to November 2020, achieving a decline of 2 percent.

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The European Union came second in the list with a value of US$448 million, with a growth rate of 6 percent, representing 14 percent of total exports, followed by non-Arab African countries with a value of US$ 368 million, representing 12 percent of total exports.

June exports recorded the highest value of food exports in 2020, earning Egypt US$ 345 million

This was followed by the United States of America with a value of US$ 186 million, representing 5 percent of total exports, and the rest of the international groups recorded a value of US$489 million, which represents 15 percent of the total Egyptian food exports during the same period.

As for the most important countries in the world importing food industries during the period from January to November of 2020, Saudi Arabia ranked first with exports worth US$288 million, followed by the United States of America with a value of US$164 million, and Yemen with US$161 million.

Jordan ranked fourth with a value of US$156 million, followed by Libya with US$152 million, Algeria with US$136 million, the United Arab Emirates with US$124 million, Iraq US$116 million, Palestine US$90 million, and Morocco in tenth place with US$83 million.

Barzy stressed that the positive growth in the values ​​of Egyptian food exports, in light of the difficult global conditions due to the outbreak of the coronavirus and the sharp decline in global trade, is strong evidence of the ability of the Egyptian food industries sector to achieve more successes in various circumstances.

He noted that the Council is currently working on dynamically adjusting its marketing and promotional plans in line with the updated export data.

In order to follow up and evaluate the results and solve the obstacles that affect the flow of exports in a focused manner on specific countries and markets, thus ensuring the maximization of export values.

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