As a source of foreign currency.. the volume of Egypt’s food exports increased by 31%

Egypt – The Food Industries Export Council in Egypt announced that food industry exports in the first quarter of 2024 amounted to $1.6 billion, a growth of 31%, compared to exports of the same period last year.

According to the council’s data, exports for the month of January 2024 amounted to $477 million, with a growth rate of 30% in value, compared to exports for the month of January 2023, which amounted to $368 million, and exports for the month of February 2024 amounted to $541 million, with a growth rate in exports of 40% compared to exports for the month of February 2023, which amounted to 387 million dollars, and exports in March 2024 amounted to 550 million dollars, achieving a growth rate in value of 24% compared to exports in March 2023, which amounted to 445 million dollars.

Exports to Arab countries topped the list of the most important international groups importing Egyptian manufactured foods during the first quarter of 2024, with a value of $859 million, representing 55% of total food exports, achieving a growth rate in value of 29%, followed by

• The European Union, with a value of $331 million, a growth rate of 60%, representing 21% of total exports.
• Non-Arab African countries, worth $111 million, represent 7% of total exports, and achieved a growth rate in the value of exports of 14%.
• The United States of America, with a value of $67 million, representing 4% of total exports, achieving a growth rate of 22%.
• The rest of the international groups worth $200 million, which represents 13% of total Egyptian food exports during the same period, achieving a growth rate of 14%.

As for the world’s most important countries importing food industries during the first quarter of 2024, the Kingdom of Saudi Arabia ranked first with exports valued at $131 million, with a growth rate of 9%, followed by:

• Palestine, with a value of $99 million and a growth rate of 53%.
• Libya, with a value of $83 million and a growth rate of 15%.
• Sudan, with a value of $82 million and a growth rate of 71%.
• United States of America, with a value of $67 million and a growth rate of 22%.
• Netherlands, worth $65 million, achieving a growth rate of 90%.
• Spain, worth $64 million, achieving a growth rate of 161%.
• Italy, with a value of $60 million and a growth rate of 24%.
• Morocco, with a value of $60 million and a growth rate of 131%.
• Jordan, with a value of $59 million and a growth rate of 18% compared to exports for the same period in 2023.

Countries that achieved the highest growth in exports during the first quarter of 2024 compared to the same period in 2023:

1. Spain’s exports amounted to $64 million and export growth amounted to $39 million.
2. Palestine’s exports amounted to $99 million and the growth in exports amounted to $34 million.
3. Morocco’s exports amounted to $60 million and export growth amounted to $34 million.
4. Sudan’s exports amounted to $82 million and export growth amounted to $34 million.
5. The Netherlands has an export value of $65 million and a growth value of $31 million.
6. Somalia’s exports amounted to $36 million and the growth in exports amounted to $26 million.
7. Lebanon’s export value reached $38 million and its growth value reached $15 million.
8. The UAE exports value reached 47 million dollars and a growth value amounted to 14 million dollars.
9. The United States of America, with an export value of $67 million and a growth value of $12 million.
10. Algeria’s exports amounted to $54 million and a growth value of $12 million compared to exports for the same period in 2023.

As for the most important food commodities exported during the first quarter of 2024, exports may top the list:

• Flour and starch worth $148 million, with a growth rate of 130% compared to exports for the same period in 2023.
• Soft drinks worth $140 million, achieving a growth rate of 2%
• Frozen strawberries worth $103 million and a growth rate of 24%
• Sugar, worth $95 million, with a decline rate of 3%.
• Pickled and processed olives worth $78 million and a growth rate of 124%
• Edible oils worth $78 million and a growth rate of 170%
• Frozen vegetables worth $70 million and a growth rate of 20%
• Juices valued at $59 million and growth rate of 100%
• Cereal and biscuit preparations worth $64 million, with a growth rate of 25%. Vegetable preparations, worth $54 million, with a growth rate of 25%.

Second: The performance of food industry sector exports during the current Board of Directors period from January 2020 to March 2024:

The total exports of Egyptian food industries during the period from January 2020 to February 2024 amounted to 18.7 billion dollars, with 2020 exports amounting to regarding 3.4 billion dollars, 2021 exports amounted to 4.1 billion dollars, 2022 exports amounted to 4.5 billion dollars, 2023 exports amounted to 5.1 billion dollars and exports The first quarter of 2024 amounted to 1.6 billion dollars.

Source: Egyptian media