Economy and Stock Exchange

1.45 billion dollars in food industry exports in the first quarter of 2022

Food industry exports in the first quarter of 2022 amounted to about 1.45 billion dollars, achieving a growth rate of 5% and a growth value of 49 million dollars, compared to the exports of the same period in 2021, which amounted to about 996 million dollars.

January 2022 exports amounted to about $305 million, with a growth rate of 14% compared to January 2021 exports, which amounted to $267 million, and February 2022 exports amounted to about $337 million, with a 1% decline in exports compared to February 2021 exports, which amounted to 342 million. Dollars, and the exports for the month of March 2022 amounted to about 404 million dollars, a growth rate of 4% and a growth value of 16 million dollars compared to the exports of March 2021, which amounted to 388 million dollars.

Exports to the Arab countries topped the list of the most important international groups importing Egyptian processed foods during the first quarter of 2022 with a value of $588 million, representing 56 percent of the total food exports, achieving a growth rate of 7% and a growth value of $38 million, followed by the European Union with a value of $169 million. With an increase of 9%, representing 16% of the total exports, non-Arab African countries with a value of 76 million dollars, representing 7% of the total exports, and a decrease in the value of exports amounted to 6%, and the United States of America, with a value of 61 million dollars, representing 6% of the total exports, achieving a percentage of A growth of 16%, the rest of the international groups amounting to 151 million dollars, which represents 15% of the total Egyptian food exports during the same period.

As for the world’s most important importing countries for food industries during the first quarter of 2022, Saudi Arabia ranked first with exports worth $97 million, an increase of 12%, followed by Sudan with a value of $73 million and a growth rate of 50%, and the United States of America with a value of 61 million dollars with a growth rate of 16%, Libya with a value of 52 million dollars and a decline rate of 12%, Palestine with a value of 50 million dollars, achieving a growth rate of 57%, Jordan with a value of 47 million dollars, achieving a growth rate of 6%, Lebanon with a value of 40 million dollars and a growth rate of 29%, and Yemen with a value of $35 million, a growth rate of 32%, Germany with a value of $34 million, a growth rate of 19%, and in the tenth place Algeria, with a value of $33 million, achieving a decline of 26% compared to exports for the same period in 2020.

Sudan also occupied the list of the most important countries that achieved the highest value increase in exports during the first quarter of 2022 compared to the same period in 2021 with a value of exports of $73 million and an increase in exports of $25 million, followed by Palestine with a value of exports of $50 million and an increase in exports of 18 One million dollars, Turkey with 25 million dollars in exports and 16 million dollars in exports, Saudi Arabia with 97 million dollars in exports with 11 million dollars in exports, Lebanon with 40 million dollars in exports and 9 million dollars in increase, the United States with 61 million dollars in exports With an increase in exports of $8 million, Yemen, with an export value of $35 million and an increase of $8 million, the Netherlands, with an export value of $29 million and an increase of $8 million, and Kenya, with an export value of $25 million and an increase in value of $8 million, and in the center The tenth is Poland, with exports worth $11 million, an increase of $6 million compared to exports for the same period in 2021.

The council works on developing exports by increasing promotional activities and supporting the Egyptian presence in a number of countries in the world based on the study prepared by the council for the sector in the first quarter of 2021. The council started its moves in 2022 by organizing a promotional mission to Kenya in January 2022 and then organizing the Egyptian participation At Gulf Food Dubai in February 2022, then participating in the delegation of the Ministry of Foreign Affairs to Djibouti in March 2022, and the participation of Egyptian companies in APAS Brazil is currently underway, from 17-20 May, in addition to organizing a promotional mission for 40 Egyptian companies to Jordan during the period From May 29-31, in coordination with the Commercial Representation Authority, the General Syndicate of Food Traders in Jordan and the Amman Chamber of Commerce, with the participation of importers from countries (Jordan – Palestine – Syria – Iraq).

The Council is also studying sending a number of trade missions to African and Arab countries until the end of this year, in addition to continuing the activities of international exhibitions, providing marketing information, seminars, electronic meetings and training courses that focus on educating the export and production cadres in the member companies of the Council to continuously improve performance rates and comply with international standards and requirements. In cooperation and coordination with the agencies of the Ministry of Trade and Industry and success partners.

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