Egypt’s garment exports grew by 54 per cent to $204 million in January 2022 compared to 132 million in January 2021, says Marie Louise, Head, Apparel Export Council. The US emerged largest destination for Egyptian garment exports with a value of $123 million in January 2022, compared to $78million in 2021; followed by European markets which received clothing with a value of $37 million compared to $28 million.
Exports to Arab countries increased 63 per cent to $25million while exports to non-Arab African countries declined 66 per cent to $109,000. Exports to the rest of the world, increased 58 per cent to $19 million. The country aims to open new markets through cooperation with Egyptian Commercial Service (ECS) offices in all nearby countries to increase the volume of exports to them — especially to Arab countries — in light of the Russian-Ukrainian crisis, which may negatively affect exports of ready-made garments, especially to the US.
The Apparel Export Council will continue its efforts to increase exports, says Louise. During February 2022 edition of held in Las Vegas Magic Show the Council set up an Egyptian pavilion with 14 companies from the apparel sector. The council also held bilateral meetings with 150 foreign buyers and succeeded in providing 30 export opportunities for companies that did not participate in the exhibition.
The council’s efforts provided four export opportunities for the ready-made garment sector to Spain through coordination with the Commercial Representation Office in Madrid, adds Louise.
By Fashionating World
https://www.fashionatingworld.com/new1-2/egypt-s-garment-exports-grow-54-in-january-2022