info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Image from Egypttoday
Egypt's agricultural exports recorded six million tons in 2022 with an increase of 200,000 tons. The top crops have been citrus (1.7 million tons), potato (621,900 tons), and onion (510,552).
In a related context, Egypt's exports of frozen strawberry surged by 30 percent in the first 10 months of 2022, registering $290 million, against $240 million in the same period last year, Vice Chairman of the Food Export Council (FEC) Ashraf El-Sayed said early in December.
Further, Egypt's exports of food industries grew by about 0.5 percent, hitting $3.490 billion in the first 10 months of 2022, up from $3.473 billion during the same period in 2021.
Egypt aims for doubling the value of its exports to become $100 billion per annum by rationalizing imports coupled with encouraging labor-intensive and strategic industries.
As a start, the country targets to reach $60 billion in exports by 2025. That can be achievable as their value hit $43.6 billion in 2021, and is projected to record $50 billion in 2022.
In the first eight months of the year, Egypt achieved $34.3 billion worth of exports compared to $26.8 billion during the same period in the previous one, growing by $7.5 billion.
Finished goods composed 43.9 percent of exports' value ($15 billion), followed by petroleum products with 29.5 percent ($10.1 billion).
Regarding natural gas and liquefied natural gas (LNG) in specific, the worth of exports spiked from $177.2 million in 2017 to $3.9 billion in 2021, and $5.08 billion in the first eight months of 2022.
The top importers of Egyptian goods in 2021 were the G7 ($9.9 billion), ESCWA ($8.9 billion), AU member states ($5.5 billion), and BRICS ($4.6 billion). As for the European Union (AU), Egypt's exports to the bloc almost doubled to become $14.5 billion in 2021 up from $7.7 billion in 2017.
