Egypt’s food exports hit $3.2bn in 11M, growing 1%

Egypt’s food exports increased by 1 percent year-on-year (YoY) to $3.2 billion during the first 11 months of 2020, according to Head of the Food Export Council, Hany Berzy.

Exports of food industries accounted for 13.2 percent of the country’s total non-oil exports during the January-November period, landing the third position among other exports, Berzy revealed.

Food exports dropped by 8 percent YoY to $246 million in November and by 12 percent YoY to $270 million in October, but grew by 3 percent $314 million in September and by 42 percent to $345 million in June.

Arab countries topped Egypt’s food export destinations with a share of 54 percent or $1.72 billion in the 11-month period ended on 30 November, followed by the European Union (EU), non-Arab African countries, and the US with $448 million, $369 million, and $186 million, respectively.