Egypt ready-made garment exports rise 14% in Q1

Egyptian Ready-Made Garments Export Council announced Friday that the sector’s exports increased by 14 percent to reach $511 million during the first quarter of 2018 from $447 million during the same period in 2017.

The exports to the United States rose by 14 percent, recording $247 million during the first quarter of the year, against $216 million during the same period a year earlier.

With an increase of 20 percent, Egypt’s exports to Europe registered $173 million, compared to $144 million in 2017, while the Egyptian garment exports to the African countries were up by 40 percent to register $940,000 during the first quarter of the current year.

On the other hand, garment exports to Arab countries retreated by 11 percent, recording $24 million, compared with $27 million in the during the first quarter of 2017.

The report added that the top countries interested in the Egyptian garment are the U.S., Turkey, Spain, Britain, North Ireland, Germany, Italy, France, Saudi Arabia, Belgium, and the Netherlands.

Source: MENA