Exports of readymade garments from Egypt rose by 23 per cent to $856 million during Jan-Apr’24 as against $697 million during the same period in 2023.

As per Marie Louis Bishara, President, Readymade Garment Export Council, exports to the United States grew by 14 per cent to $347 million from $304 million in 2023. The second largest importer of readymade garments was European Union with a 33 per cent rise in imports totaling $200 million in the first four months of 2024 from $150 million in 2023.

Egypt’s exports to Spain rose by 45 per cent to $49 million from Jan-Apr’24, compared to $34 million during the same period in 2023.

Exports to Arab countries grew by 34 per cent to $173 million from the previous year. The Kingdom of Saudi Arabia emerged as the biggest importer with an 85 per cent surge in imports during the first four months of 2024. Egypt’s exports to the Kingdom rose from $28 million during the first four months 2023 to to $52 million in 4M 2024.

Libya also demonstrated robust growth, recording an impressive 82 per cent growth in exports from $33 million in 4M 2023 to $60 million in 4M 2024.

Exports to African countries (excluding Arab states) soared by 189 per cent to $2.5 million.