Back to the complete issue
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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.