ICEC

Egypt’s ready-made garment exports rise 10% in seven months

Egypt’s exports of ready-made garments increased by ten percent during the first seven months of 2018 to hit $907 million, compared with $824 million in the same period of last year.

The Readymade Garments Export Council of Egypt said on Monday that it was looking to scale up exports by 15 percent to around $1.7 billion during the remaining months of this year.

In terms of countries, Turkey was Egypt’s top importer of the ready-made garments with a value of $84 million, followed by Spain with $79 million, the council’s data showed.

Britain came in third with $59 million, followed by Italy and France at fourth and fifth with $46 million and $29 million, respectively.

In terms of regions, the United States was a leading market for the ready-made garment exports from Egypt with $480 million, up 14 percent from last year, while European markets came second with exports registering $306 million, a 15 percent increase from the first seven months of 2017.

The council has prepared a plan to increase Egypt’s market share of exports in international markets by participating in pertinent exhibitions and dispatching promotional delegations to the United States and Europe, which make up the world’s largest exporters of the ready-made garments.

In 2018, Egypt participated in three international exhibitions, including the “SOURCING at MAGIC” held in Las Vegas, the US, from 11 until 14 February, Magic Show, also in Las Vegas from 12 to 15 August, and Origin Africa, which took place from 9 to 11 September in Nairobi, Kenya, the statement concluded.

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