Related The FEC added that this marks the sector’s highest export value and growth rate during that period.The value surpasses 2023’s total exports, totalling $5.068 billion. It increased by $474 million, according to the council.This growth occurred as several countries increased their imports from Egypt. Exports to the Netherlands have grown 104 percent and those to Morocco by 80 percent.The country’s highest exports went to Arab countries, representing 53 percent of total food exports, followed by the European Union at 20 percent.Meanwhile, food exports to non-Arab African countries recorded eight percent.Other international groups represented 14 percent of Egyptian food exports, while the United States ranked last at five percent.Saudi Arabia came first among most food-importing countries, with exports valued at $434 million, followed by Sudan at $363 million. Yamen came in 10th place with exports totalling $175 million.Soft drink concentrates, flour and starch, frozen strawberries, and sugar were the most exported commodities, valued at $502 million, $428 million, $364 million, and $357 million, respectively.Egypt’s food industry exports rose 18 percent to $4.6 billion from January to October, compared to $3.9 billion during the same period in 2023.In the first half of 2024, the country’s food industry exports reached $3.2 billion, a 25 percent increase from the same period in 2023.The FEC aims to achieve a compound annual growth rate of 15 percent, with export targets set at $6 billion by the end of 2024 and $7.7 billion by 2027.Egypt’s food industry exports have totalled $36 billion over the past decade, according to the FEC.Furthermore, the Industrial Modernization Centre (IMC) estimated that investments in the country’s food industry sector total around EGP 500 billion.The IMC also indicated that the food industry contributes 24.5 percent to Egypt’s GDP and provides 23.3 percent of the country’s workforce opportunities, generating approximately seven million jobs.Short link:
Gio. Gen 9th, 2025
