Egyptian food commodity exports are on the rise and exceeded $4 billion in 2023

Egypt

Market & Price Trends

Published Mar 28, 2024

Tridge summary

By the end of 2023, Egypt's food commodity exports witnessed a remarkable increase, soaring to approximately 4.78 billion dollars from 3.89 billion dollars in 2022, which translates to an impressive growth of nearly 896 million dollars. This surge in exports was primarily fueled by key products such as manufactured pasta, pitless olives, vegetables, fruits, and tomato sauces. Notably, pasta and olive exports played a significant role, contributing over 74 million dollars to the revenue increase. This development highlights the burgeoning significance of Egypt's food export sector on the global stage.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Egyptian exports of food commodities recorded a noticeable increase by the end of last year 2023, with total Egyptian exports reaching about 4 billion and 783 million dollars, an increase from 3 billion and 887 million dollars in the same period of the previous year in 2022, an increase amounting to 895 million and 678 thousand dollars. The agency’s data indicates a group of commodities that contributed to the rise in Egyptian exports during that period, the most important of which is manufactured pasta, whose value amounted to about 91 million and 619 thousand dollars in 2023, while it was about 48 million and 796 thousand dollars in the previous year 2022, an increase of 42 million. And 823 thousand dollars, followed by olive exports without pits at a value of 67 million and 493 thousand dollars last year, compared to 35 million and 893 thousand dollars in 2022, an increase of 31 million and 600 thousand dollars. The list also included exports of both vegetables and fruits with ...

Source: Youm7