Egypt’s food exports grow to $1.8bln in H1-20

Exports of food industries represent 14% of total non-oil exports

  
A grocer stocks bags of rice and macaroni at a government outlet selling subsidised goods in Cairo, Egypt August 29, 2017.

A grocer stocks bags of rice and macaroni at a government outlet selling subsidised goods in Cairo, Egypt August 29, 2017.

REUTERS/Mohamed Abd El Ghany

Cairo –  Egypt’s food exports increased by 2.2% year-on-year (YoY) to $1.8 billion during the first half (H1) of 2020, the Middle East News Agency (MENA) reported on Tuesday.

Exports of food industries represent 14% of the country’s total non-oil exports during the January-June period, ranking the third among other exports, the head of the Food Export Council, Hany Berzy, said.

Arab countries topped Egypt’s food export destinations with a share of 55% or $983 million, followed by the European Union (EU), non-Arab African countries, and the US with $257 million, $198 million, and $88 million, respectively.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Economy