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Monday, 22 February 2021

Egyptian food exports unmoved by covid

Covid-19 fails to dent Egypt’s food exports: The widespread disruption to global trade that accompanied the covid-19 pandemic last year barely registered with Egyptian food exporters, which saw exports tick up slightly in 2020, according to figures (pdf) from the Food Export Council. The figures show that the value of Egyptian food exports rose to USD 3.5 bn last year, up just marginally from USD 3.4 bn in 2019.

In detail: Food accounted for 13% of Egypt’s non-oil exports last year, making it the country’s third-largest sector. Our biggest export markets in 2020 were Arab countries, which together purchased USD 1.9 bn of food, with Saudi Arabia, Jordan, Yemen and Libya topping the list of importers. EU member states accounted for 14% of exports in 2020, rising 7% to USD 386 mn.

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