Egypt Today: Egyptian food industry exports reached $4.6 billion from January to September 2024, marking an 18 percent growth and an increase of $688 million compared to $3.9 billion in the same period of 2023, a recent report from Egypt's Food Export Council, led by Mahmoud Bazan, revealed.
Bazan highlighted this as the highest export value and growth rate for the sector over this period, setting a historical record.
Arab countries were the top importers, accounting for $2.4 billion (52 percent of total exports), a 12 percent increase. The European Union followed with $953 million (21 percent of exports), reflecting a 42 percent growth. Non-Arab African countries imported $371 million, showing a 14 percent increase, while the U.S. imported $249 million, up by 37 percent. Other international markets represented $641 million, or 14 percent of exports, with a 7 percent rise.
Saudi Arabia ranked as Egypt's largest single importer, with exports totaling $353 million, a 15 percent increase. This was followed by Sudan with $306 million (a 25 percent decrease), the U.S. with $249 million (up 37 percent), and Palestine with $245 million (up 23 percent). Notably, exports to the Netherlands saw a 108 percent surge, reaching $212 million, while exports to Morocco and Spain grew by 98 percent and 75 percent, respectively.
The leading exported products were soft drink concentrates at $421 million (7 percent growth), flour and starch at $389 million (1 percent growth), and frozen strawberries at $337 million (up 18 percent). Egypt's frozen potato exports witnessed the highest growth, soaring by 860 percent to $168 million.
https://www.egypttoday.com/Article/3/136082/Egypt-s-food-industry-exports-hit-4-6B-in-9
