In January 2020, Egypt’s exports of readymade garments fell three per cent. Egypt’s textile exports fell 0.4 per cent in January 2020 from the same month last year. In January, exports of home furnishing and textiles rose nine per cent and two per cent. Egypt’s textile exports to the United States rose by one per cent year on year in January 2020, while the country’s textile exports to African countries grew by 15 per cent. Egypt’s textile exports to Arab countries dropped six percent in January 2020 compared to January 2019.
The country plans to develop its textile industry with the objective of becoming the next textile factory of the planet. Machinery will be renovated and workers will be trained. The vision is to quadruple textiles and garments exports by 2025. The aim is to support Egypt’s private sector upstream manufacturers’ competitiveness in the world markets. The restructuring program aims at restoring Egypt’s prominent position in the world market and capitalising on the globally renowned fine Egyptian cotton fiber. The program includes the modernisation of spinning, weaving, knitting, dyeing, finishing, printing and confection, based on a product line definition which brings forth added value to Egyptian cotton, from cotton farming to readymade goods with world class levels in terms of quality and efficiency.