Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's food industry exports hit record high of $9.3bn in 9M 2023
Recent Posts
Published in Daily News Egypt on 01 - 11 - 2023

Egypt's food industry exports increased by 14% in the first nine months of 2023, reaching $9.3bn, compared to $4.3bn in the same period of 2022. This is the highest value ever recorded for Egyptian food exports in this period.
According to the monthly report from the Food Export Council, the exports grew steadily from January to September 2023, except for a slight decline in April. The highest monthly value was achieved in August, with $505m, followed by May, with $497m. The lowest monthly value was in January, with $369m.
The report showed that the Arab countries were the main destination for Egyptian food exports, accounting for 55% of the total value and registering a 21% growth. The European Union came second, with 17% of the total value and an 11% growth. Non-Arab African countries ranked third, with 8% of the total value and a 15% growth. The United States was fourth, with 5% of the total value and a 9% decline. Other international groups made up 15% of the total value and had a 1% growth.
Among the individual countries, Sudan was the top importer of Egyptian food products, with a value of $393m and a remarkable growth of 164%. Saudi Arabia was second, with a value of $305m and a 4% decline. Palestine was third, with a value of $198m and a 34% growth. Libya was fourth, with a value of $194m and a 23% growth.
The report also revealed that Egypt's food exports to America amounted to $174m, showing a 9% decline, while exports to Yemen reached $146m, showing a 14% growth, and exports to Jordan reached $144m, showing a 6% growth. Iraq followed with $134m and a 30% growth, and then Italy with $132m and a 69% growth. Algeria had $109m and an 8% decline.
The report added that Egypt's exports to the United Arab Emirates amounted to $108m, showing a 12% growth. The Netherlands was the twelfth largest importer of Egyptian food products, with $104m and a 1% growth, followed by China with $103m and a 4% decline, then Spain with $86m and a 45% growth. Germany was fifteenth, with $82m and a 2% decline. The fifteen countries represented 62% of the total sector's exports in the first nine months of 2023.
The report revealed that Sudan was the top destination for Egyptian food exports, with a value of $393m and an increase of $244m compared to the previous year. Italy came second, with a value of $132m and an increase of $54m, followed by Palestine with exports valued at $198m and an increase of $50m, Libya with exports valued at $194m and an increase of $36m, and Iraq with exports valued at $134m and an increase of $31m. Other countries that witnessed significant increases in exports were Spain, Brazil, Morocco, Madagascar, Yemen, and the UAE.
The report also revealed the most important food commodities that were exported during the first nine months of 2023. The top was soft drinks manufacturing concentrates valued at $394m, followed by flour and starch and mill products valued at $373m, sugar and glucose and lactose at $364m, frozen strawberries at $284m, and prepared animal foods at $190m. Other products that had high export values were biscuits and cereal-based preparations, frozen vegetables, various food preparations, chocolate, juices, vegetable preparations and preserves, yeasts, pickled olives, cooking oils, and tobacco and manufactured tobacco substitutes.
Hani Berzi, Chairperson of the Food Export Council, said that the council seeks to increase Egyptian food exports through marketing activities carried out since the beginning of the current year. He mentioned some of the missions and exhibitions that the council participated in or organized in different countries such as Saudi Arabia, Dubai, Morocco, USA, Turkey, Germany, and Egypt. He added that work is underway to organize several trade missions to Algeria, Kenya, Iraq, China, Jordan, and Palestine, in addition to participating in the organization of the second festival for medicinal and aromatic plants in Fayoum held in September last year, and work is underway to cooperate in organizing the Egyptian Date Festival in Siwa in October.


Clic here to read the story from its source.