Egypt’s ready-made garment exports surge by 18% to $2.04B

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Wed, 13 Nov 2024 - 03:34 GMT

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Wed, 13 Nov 2024 - 03:34 GMT

CAIRO - 13 November 2024: Egypt's ready-made garment sector has seen impressive growth, with exports rising by 18% to reach $2.04 billion during the first nine months of 2024, compared to the same period last year. The announcement was made by Fadel Marzouk, Chairman of the Export Council for Ready-Made Garments, in a recent press statement.
 
The United States remains the largest market for Egyptian garments, accounting for $871 million, or 43% of total exports. The European Union follows with $482 million, while Arab countries ranked third with $367 million in exports, marking a significant 21% increase in shipments to the region compared to last year.
 
Marzouk highlighted Egypt’s growing importance as a key player in the global garment industry, particularly in Africa. He pointed to the Destination Africa event, which underscores Egypt’s central role in the continent’s textile supply chain. The country is positioning itself as a hub for a wide range of products, including ready-made garments, fibers, yarns, and accessories.
 
A key factor driving Egypt’s success in the garment sector is its long-standing reputation for high-quality textiles, particularly Egyptian cotton, which has earned global recognition for its premium standards. This legacy continues to strengthen the country’s textile industry and bolster its position in international markets.

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