Egypt's clothing exports up 20% YoY to $1.55 bn in Jan-Jul 2024

04 Sep '24

1 min read

Egypt's clothing exports up 20% YoY to $1.55 bn in Jan-Jul 2024

Pic: Adobe Stock

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Egypt's clothing exports between January and July were worth $1.55 billion—a 20-per cent YoY rise, Marie Louis, president of the Readymade Garment Export Council said.
In July, such exports surged by nearly 37 per cent YoY to $268 million.
Such exports to European countries and to the US rose by 29 per cent and 12 per cent YoY respectively during the period.

Egypt's clothing exports between January and July this year were worth $1.55 billion—a 20-per cent year-on-year (YoY) rise, Marie Louis, president of the Readymade Garment Export Council (RMGEC) recently said.

In July alone, such exports surged by nearly 37 per cent YoY to $268 million from $195 million in July 2023.

Such exports to European countries during the seven-month period rose by 29 per cent YoY to $363 million compared to $281 million in the year-ago period.

Such exports to the United States also saw substantial growth, with a 12 per cent YoY increase to $661 million in the first seven months of 2024, up from $588 million in 2023.

Such exports to Arab countries during the period totalled $291 million—a 31-per cent YoY growth from $223 million in 2023, according to domestic media outlets.

Clothing exports to African countries excluding Arab nations skyrocketed by an impressive 208 per cent YoY, reaching $4.6 million compared to $1.5 million in 2023.

Exports to Saudi Arabia in the period saw a 77-per cent increase to $93 million from $52 million in the year-ago period.

Fibre2Fashion News Desk (DS)

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