Egypt's food exports rise by 10.5% in 7 months: Trade minister

Ahram Online , Tuesday 12 Sep 2023

Egypt's food industry exports rose by 10.5 percent recording $2.6 billion in the first seven months of 2023, up from $2.3 billion in the corresponding period in 2022, Minister of Trade and Industry Ahmed Samir said on Monday.

File Photo: Workers at agriculture and fruit exporting company. AP
File Photo: Workers at agriculture and fruit exporting company. AP


The food industry sector accounts for a major share of the country’s overall exports, Samir stressed to representatives of food industry companies during a roundtable held earlier today in Cairo.

The seven-month increase was driven by a 13 percent rise in the country’s food exports to Arab nations, with an overall value of $1.361 million, showed the latest data released by the Export Council for Food Industries (ECFI).

The European Union came in the second spot with a growth rate of 8 percent ($513 million), followed by non-Arab African nations with a 7 percent increase ($190 million), according to the ECFI.

Flour, sugar, and strawberry topped the list of most exported commodities, with values of $260 million, $252 million, and $ 229 million respectively, noted the ECFI.

Fruit and vegetable exports also recorded $ 2.6 billion during the same period as per government officials.

Egypt's trade balance deficit fell from January to July by 20.8 percent reaching $17.84 billion compared to $22.52 billion in the same period in 2022, reported the Central Agency for Public Mobilization and Statistics (CAPMAS).

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