CAIRO, 19 July 2020: Egypt's food exports fell 5 percent during January-May 2020, registering $1.4 billion, the Food Export Council (FEC) announced.
In a statement released on Sunday, the FEC ascribed the decline in food exports to the global outbreak of coronavirus, which greatly affected the world trade movement.
The council explained that food exports constituted around 13.5% of the country's non-oil exports during the first five months of 2020, the statement added.
The council said that food exports registered its highest record during January and April with a total value of USD 285 million and USD 318 million respectively, the statement noted.
According to the statement, food exports to Arab countries reached USD 781 million from January to May. It followed by exports to the EU with a total value of USD 209 million, while exports to African (non Arab countries) stood at USD 157 million.
The food exports to the US hit USD 71 million, while exports to other world countries reached USD 219 million, the statement read.
Arab countries topped the list of Egyptian food products importers with 54 percent, followed by the EU with 15 percent, African (non Arab) countries with 11 percent, the US with 5 percent and other world countries with 15 percent, the statement said.
Sun, Jul. 19, 2020
