Egyptian food industry exports to Russia grow 59% in 7 months

Published 2021년 9월 1일

Tridge summary

The article highlights a significant surge in Egypt's food exports to Russia, with the value increasing by 59% to around $39 million in the first seven months of 2021, compared to the same period in 2020. This growth positions Russia as the 21st largest importer of Egyptian processed foods, accounting for 1.6% of the total imports from January to July 2021. The total export value from 2014 to 2020 reached about $204 million, showing a 140% increase. Between 2014 and 2021, the first seven months saw food industry exports to Russia rise to $167 million. Ten commodities, including frozen strawberries, frozen vegetables, and oil seeds and fruits, contributed to over 95% of the total exports during this period.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Engineer Tamim Al-Dawy, Deputy Executive Director and Director of Export Information Department at the Export Council for Food Industries, revealed that the value of the sector's exports to Russia increased during the first 7 months of 2021 to record about $39 million, compared to $24 million during the same period in 2020, a growth of 59%. During the electronic symposium organized by the council under the title “Access to the Russian market and how to benefit from GSP”, Russia ranks 21st in the list of the most important importing countries for Egyptian processed foods during the period from “January-July 2021” at a rate of 1.6 percent. Al-Dawy added that the value of Egyptian exports The Egyptian food industries to Russia during the period from (2014 to 2020) amounted to about 204 million dollars, with a growth of 140% between 2014 and 2020, where the sector’s exports to Russia in 2014 amounted to about 17 million dollars, then increased by 56% during 2015 to about 26 million ...

Source: Amwalalghad