Egypt’s garment exports rise to $941mn in eight months: Council

Egypt’s garment exports increased $941 million in eight months in 2017, compared to $865 million in the same period last year, the county’s readymade garments export council announced in its monthly report on Sunday.

August saw an 8 percent rise in exports compared to the same month last year, reaching $132 million compared to $122 million the previous year.

The report said that exports to the United States- which received the highest number of exports- increased by 6 percent, reaching $461 million in the last eight months compared to $436 million in the same period in 2016.

Exports to European Union countries increased by 12 percent, reaching $312 million compared to $280 million.

Exports to Arab countries increased by 44 percent, reaching $53 million compared to $37 million in the same period last year, whereas exports to African countries increased by 36 percent, reaching $201 million compared to $105 million last year.

The Turkish market comes in second after the US at $78.8 million, a 4 percent decrease in exports compared to 2016.

Exports to Spain have seen a significant increase of 34 percent, reaching $91.4 million in the first eight month of  2017  compared to $68.3 million in the same period in 2016.

In fourth place is the UK with $71.5 million in exports, a 1 percent decrease from last year.

Germany is fifth at exports worth $41. 9 million, also a 1 percent decrease from last year.

Italy lands in sixth place with a 34 percent increase, with exports reaching $46.7 million. Source: Ahram online