Food industry exports account for 13.2 percent of total Egyptian non-oil exports, and it ranks third in the list of the most important Egyptian export sectors during the period from January to November 2020.
The decision stipulated permitting the export of quantities surplus to the needs of the local market and estimated by the Ministry of Supply and Internal Trade, and after the approval of the Minister of Trade and Industry.
The exports of engineering industries witnessed a rise in November 2020, recording $229.6 million, compared to $187.3 million in the same month 2019.
The exports of jewelry and gemstone represent 54.6% of the sector’s total exports.
Kung clarified Sunday that Vietnamese exports to the Egyptian market worth $458 million, while the value of his country's imports from Egypt reached $33 million.
There are many opportunities available for the sector’s exports in the Sudanese market, as it represents about 2.1 percent of the sector’s total exports during the period from January to September 2020, ranking 15th in the list of the most important importing countries from the sector.
Gamea confirmed, in a statement, Thursday, that the furniture industry contributes significantly to enhancing Egyptian exports to foreign markets.
Gamea added Tuesday that Egypt’s imports from Japan also rose 18 percent to $443 million, compared to $375 million during January-May period of 2019.
Food processing is a promising sector on which the Trade and Industry Ministry depends on to increase exports in the coming stage, he asserted.
Plastic products are one of the most important exports to Sudan as they achieved an increase estimated at 6.1 percent reaching $81.4 million compared to $76.7 million in 2018.
Egypt's exports of plastic and rubber products reached $1.376 billion compared with $1.571 billion, the ministry said.
Egypt has exported 4.8 million tons of agricultural products since January.
Egypt has become South Korea's key investment destination in Africa, with total investments worth $600 million, South Korean ambassador to Egypt Hong Yin Wook said.
Egypt's imports from the Nile Basin countries have dropped by 4.6 percent in 2019 to reach $0.64 billion, compared with $0.67 billion in the previous year, the CAPMAS added.
The report said Italian food exports to Egypt witnessed a boost in 2018 and 2019, recording €48 million in 2019 against €39 million in 2018.
That is since the beginning of 2020 until November 4.
Onion is the third most exported crop by Egypt following citrus and potato, respectively.
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued on Wednesday a report on Egypt's exports and imports in 2019.
This success is due to efforts of the state and agricultural investment companies, which confirm the solidity and strength of the sector and the great capabilities it possesses for production and stable growth under all circumstances and variables.
At a meeting of the agricultural exports council, he added that increasing agricultural exports will save more hard currency for Egypt.