Egypt's food exports record $3.5B - News Summed Up

Egypt's food exports record $3.5B


The report issued by the Council, Sunday, indicated that exports of food industries rank third in terms of Egypt's non-oil exports, and represent 13 percent during 2020. On the exports of food industries to the most important international groups during 2020, the report indicated that exports of food industries to Arab countries during 2020 declined to $ 1.865 billion compared to about $ 1.933 billion in 2019, marking a decrease of 3 percent. Exports to the European Union countries increased by 7 percent to reach $490 million, compared to about $457 million. Food industry exports to non-Arab African countries during 2020 recorded about $386 million, compared to $412 million in the previous year, marking a decrease of 6 percent. On the most important food commodities whose exports rose during 2020, the report indicated that the total increase in exports of 8 food commodities amounted to $ 227 million, representing 66 percent of the total value of the increase in all commodities in 2020.


Source: Libya Today February 21, 2021 12:45 UTC



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