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Egypt’s food exports to EU up by 24% in Q1 2021

Food exports to the EU jumped to $152 million from a recorded $116 million in Q1 2020

By: Business Today Egypt

Tue, Jun. 1, 2021

Egyptian food exports to the European Union (EU) saw jump of 24 percent year-on-year (YoY) in Q1 2021, states the Egyptian Export Council for Food Industries in its latest report.

Food exports to the EU jumped to $152 million from a recorded $116 million in Q1 2020.

The monthly report indicated that around 10 countries accounted for 93 percent of the sector's total exports to the European Union during the first quarter of 2021, with a value of $141 million.

Topping the list is Italy importing Egyptian food products at a value of $37 million, followed by Germany with $28 million, the Netherlands with $21 million, and Spain with $16 million.

Exports of strawberries saw a surge of 79 percent, recording at $14 million, with the highest growth rate in Q1 2021.

Exports of molasses followed with an increase of 70 percent, recording at $5 million.

Other top food exports including tomato concentrates, frozen vegetables, pickled vegetables, pickled and factory olives, oils and aromatic resins amounted to 84 percent of total exports at a value of $128 million.