Egypt's RMG exports up 19% YoY to exceed $1 bn in Jan-May 2024
13-7-2024
EGYPT'S RMG EXPORTS UP 19% YOY TO EXCEED $1 BN IN JAN-MAY 2024
Egypt's exports of readymade garments (RMG) increased by 19 per cent year on year (YoY) in the January-May period this year to hit $1.08 billion compared to about $912 million during the corresponding period last year, head of the Readymade Garment Export Council Marie-Louis recently said.
RMG exports increased by 25 per cent YoY to European Union (EU) nations during the period to $254 million. The EU is the second largest market for Egyptian RMG.
RMG exports increased by 10 per cent to the United States to $444 million during the period, while such exports to Arab countries were worth $217 million—a growth of 38 per cent YoY, domestic media outlets reported.
Egypt’s RMG exports to Saudi Arabia increased by 74 per cent YoY to reach $64 million during the period.
The country’s Clothing Export Council, meanwhile, expects RMG exports to reach $3 billion by the end of the year.
By Fibre2Fashion
https://www.fibre2fashion.com/news/international-textiles-trade-news/egypt-s-rmg-exports-up-19-yoy-to-exceed-1-bn-in-jan-may-2024-296644-newsdetails.htm
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