Egypt's exports of ready-made garments record $1.44 billion in seven months; 35% increase

Ahram Online , Monday 19 Sep 2022

Egypt's exports of ready-made garments hit $1.44 billion in the period from January to July 2022, marking a 35 percent increase, up from $1.06 billion in the same period in 2021, the Ready-made Garments Export Council of Egypt (RMGEC) said on Monday.

 ready-made garments

 

Ready-made garment exports increased in June 2022 by 21 percent to bring in $244 million, up from $201 million in the same month of last year, while exports of July 2022 increased by two percent to yield $163 million, up from $160 million in July 2021, the RMGEC's statement added.

According to the council, the US was the largest importer of Egyptian ready-made garments, with $20-million imports in the first seven months of 2022, compared to $595-million in the same period of 2021, recording a 38 percent increase.

Europe came in second with imports of Egyptian ready-made garments worth $266 million during the seven-month period, compared to $212 million in 2021, recording a 26 percent increase.

Exports to Arab countries have also increased by 33 percent, reaching $195 million in the seven months, compared to $146 million in the same period of 2021, the council, affiliated to the country's trade and industry ministry, said.

The clothes sector brings in $2.5 billion in exports annually, with plans to increase annual exports by eight to 15 percent, said Marie Louis Beshara, the RMGEC president, on Sunday.

The council is preparing to take part in the upcoming United Nations Climate Change Conference (COP27) to shed light on its latest achievements in the clothes and textiles sector in the field of recycling and turning the industry's waste into a chance for contributing to sustainable economic growth.

The council will also present its efforts to save energy and preserve the environment, it added. 

Egypt is set to host COP27 in the Red Sea city of Sharm El-Sheikh from 6 to 18 November

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