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Egypt RMG Council to increase exports by 15 per cent

The Readymade Garments Export Council of Egypt is planning to increase its exports by 15 per cent to around $1.7 billion during the remaining months of this year. The council will increase its share of exports in international markets by participating in pertinent exhibitions and dispatching promotional delegations to the United States and Europe.

In 2018, Egypt participated in three international exhibitions, including the Sourcing at Magic held in Las Vegas,; Magic Show, also in Las Vegas from August, and Origin Africa, in Nairobi, Kenya. Egypt’s exports of ready-made garments increased by 10 per cent during the first seven months of 2018 to hit $907 million, compared with $824 million in the same period of last year. Turkey was the country’s top importer of RMG with a value of $84 million, followed by Spain with $79 million. Britain came in third with $59 million, followed by Italy and France at fourth and fifth with $46 million and $29 million, respectively.

In terms of regions, the United States was a leading market for the ready-made garment exports from Egypt with $480 million, up 14 per cent from last year, while European markets came second with exports registering $306 million, a 15 per cent increase from the first seven months of 2017.

 

 
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