According to FEC, the number of Egyptian companies and factories exporting during H1 2022 within the sector is around 1,678, including 302 companies whose exports exceed $1 million
Egypt’s food industries exports grew by 2.4% annually, around $51 million in export value, to hit $2.169 billion during the first half of 2022, compared to $2.118 billion recorded in 2021’s first half, according to new data from the Food Export Council (FEC).
June 2022 saw food industries exports drop in value by 8%, recording $361 million compared to June 2021’s registered $393 million.
According to FEC, the number of Egyptian companies and factories exporting during H1 2022 within the sector is around 1,678, including 302 companies whose exports exceed $1 million.
Despite falling 3% in H1 2022, Egypt’s exports to Arab countries represented around 50% of total food exports, reaching $1.08 billion in value.
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The second largest bloc was the European Union, representing 20% of Egypt’s food exports at a value of $425 million. The US came third after raising its import of Egyptian food industry by 31%, representing 7% of the country’s food exports at a value of $144 million.
In terms of singular countries, Saudi Arabia was Egypt’s biggest importer in value, importing Egyptian food items worth $198 million, an increase of 25% when compared to H1 2021.
