Egypt's food industry exports increase 13% during 6 months of 2021

CAIRO – 26 July 2021: The Egyptian Export Council for Food Industries announced that the value of the sector’s exports during the first half of 2021 increased by 13 percent to reach $2.052 billion, compared to $1,820 billion during the same period in 2020.

The Council indicated in a statement, Monday, that the exports of last March are the highest value of exports for the first half of 2021, with a value of $382 million.

Exports also amounted to $351 million in May, achieving the highest growth rate in the exports of the first half months by 45 percent compared to May 2020 exports, while June 2021 exports declined by about 3 percent to reach about $335 million.

It added that the Arab countries topped the list of the most important international groups importing Egyptian processed foods during the first half of 2021, accounting for 55 percent of the total exports, at a value of $ 1.090 billion, achieving a growth rate of 9 percent, followed by the European Union countries, accounting for 14 percent of the total exports, with a value of $340 million, achieving a growth rate of 31 percent.

Non-Arab African countries accounted for 11 percent of the total exports, at a value of $187 million, marking a decrease of 6 percent.

The report indicated that the United States of America acquired 5 percent of the total exports, at a value of $110 million, achieving a growth rate of 25 percent, while the food industry exports to the rest of the international groups amounted to about $324 million, representing 15 percentof the total exports, with a growth rate of 19 percent in value, compared to the same period last year.

As for the world's most important importers of food industries during the first half of 2021, the report indicated that the Kingdom of Saudi Arabia ranked first with a value of $157 million in exports, with a decline of 9 percent, followed by the United States of America with a value of $110 million and a growth rate of 25 percent, then Libya with a value of $104 million and a growth rate of 5 percent.