Foreign Trade: Egypt’s Imports Of Chinese Clothes Reached EGP453 mln

The volume of the Egyptian imports of Chinese ready-made garments amounted to EGP 453 million from January to March 2013, in return for EGP 2.5 billion in 2012.

According to sources in the Foreign Trade sector to “Amwal Al Ghad”, the Egyptian imports of ready-made garments at this period decreased by EGP 600 million, as they recorded EGP 800 million during the first quarter of 2013, compared to EGP 1.4 billion during the first quarter of 2012.

The source added that the decline of the domestic demand on the imported ready-made garments due to several factors like the increase of the dollar price, consequently the prices of the imports rose, in addition to the decline of the citizen’s living standards.