CAIRO – 27 December 2022: 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.