Egypt's Food Exports Increase by 5% in 1Q of 2022Source: www.export-egypt.com 5/15/2022, Location: Africa |
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Exports of the Egyptian food industry increased by 5 percent in the first quarter of 2022, recording $1.04 billion against $996 million in the corresponding period in 2021, chairman of the Food Export Council Hany Barzy said .
In a statement, Barzy pointed out that Arab countries topped the list of international groups importing food industry products from Egypt. Exports to the Arab markets amounted to $588 million in the first quarter of 2022, representing 56 percent of the total food exports, Barzy explained. The European Union came second in the list with a value of $169 million, representing 7 percent of Egypt's total food exports, Barzy said. The EU was followed by non-Arab African countries with the value of food imported from Egypt amounting to $76 million, representing 7 percent of the total. The value of food exports to the US dollar declined by 6 percent to $61 million. The rest of the international groups recorded $151 million worth of food imports from Egypt during the same period, representing 15 percent of the total Egyptian food exports. |
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