Cairo –  Egypt’s food exports increased by 2% year-on-year (YoY) to $2.6 billion during the first nine months of 2020 despite the challenges posed by the coronavirus (COVID-19) pandemic, the Middle East News Agency (MENA) reported on Monday.

During the January-September period, food exports accounted for 14% of the country’s total non-oil exports.

Food exports dropped by 4% YoY to $293 million in September, but grew by 12% YoY to $264 million in August.

June witnessed the highest value of food exports during 2020, jumping by 43% YoY to $346 million.

Arab countries topped the destinations for Egypt’s food exports with a value of $1.42 billion, followed by the European Union (EU) countries with $366 million, African countries with $305 million.

Saudi Arabia was the largest importer of Egypt’s food commodities, registering $244 million, followed by Jordan and the US with $132 million each.

Source: Mubasher

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