The value of imports decreased by 3.3%, reaching $6.0 billion during June 2024, compared to $6.21 billion for the same month of the previous year.
The upcoming amendments are expected to address these issues and improve the efficiency and impact of the Export Support Fund, thereby bolstering Egypt’s export sector
Sobhi revealed that EGP 67 billion has been allocated to support over 3,000 exporting companies, including EGP 12.2 billion for the food industry alone since 2019,
Switzerland claimed the second position, with a 591% rise to $605 million, up from $88 million in 2023.
He said during the first conference for food industry exporters that Egypt’s exports of food industries rose to about $3.7 billion during the period from January to July 2024, compared to $3 billion during the same period in 2023, with an increase in exports of $700 million.
