RMGEC says garments exports worth $614mn in 6 months

CAIRO - 27 July 2020: Egypt’s ready-to-wear exports have dropped in the period between January and June by 24 percent, according to a report by the Readymade Garments Export Council (RMGEC) issued Sunday. 

The report put the value of garments exports during this period of 2020 at about $614 million down from $806 million the previous year. 

However, it pointed to a monthly increase by 2 percent in June 2020, with exports reaching $128 million compared with $126 million in June 2019. 

The US topped the list of exporters of Egyptian readymade garments at $359 million. It was followed by EU countries with exports worth $164 million. 

Arab countries came third with exports amounting to $31 million, followed by African states with $713,000. 

Exports to remaining world countries reached about $60 million, according to the report.