Egypt’s garment exports record 54%increase in January 2022

EGYPT – Egypt’s ready-made garment export hits US$ 204 million in January 2022 representing a 54% increase from the previous year’s US$132 million.

This was revealed in a press statement by the head of the Apparel Export Council of Egypt (AECE) Marie Louise.

According to Louise, the US topped the countries receiving Egyptian products with a value of US$123 million in January 2022, compared to US$78 million, an increase of 57%.

The American market was followed by European markets which received clothing with a value of US$37 million, compared to US$28 million, a growth rate of 31%.

Arab countries came in third place recording US$25 million, compared to US$14 million in 2021, an increase of 83%.

 Exports to non-Arab African countries recorded US$109,000, compared to US$318,000, down by 66%.

Egypt’s ready-made garments exports to the rest of the world, however, amounted to US$19 million, compared to US$12 million, an increase of 58%.

The council is trying 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.

Louise also announced that the council will continue its efforts during 2022 to increase Egyptian exports.

This has been seen by Egyptian exhibitors who succeeded during the Magic Show held in Las Vegas, US, from 13 to 16 February 2022, to set up an Egyptian pavilion that includes 14 companies from the apparel sector.

Additionally, the council held bilateral meetings with 150 foreign buyers and succeeded in providing 30 export opportunities for companies that did not participate in the exhibition.

Louise pointed out that the council’s efforts resulted in providing four export opportunities for the ready-made garment sector to Spain through coordination with the Commercial Representation Office in Madrid.

Additionally, the council’s continued endeavors to increase exports have resulted in a 42% jump in exports that brought in more than US$2 billion for the first time.

The textiles and clothing sector is Egypt’s second-biggest industrial sector after agro-industry. It accounts for approximately 3.5% of GDP, 34% of industrial output, and 14% of Egypt’s overall exports.

The sector is comprised of about 4,000 companies, out of which only around 500-600 are exporting.

Exporting companies are relatively well organized as compared to the majority of companies supplying the domestic market.

Exports consist mainly of ready-made garments and home textiles while some yarns and fabrics are also exported.

Clothing companies are mainly operating in the Cut Make Trim (CMT) business and perform simple sewing operations with low material sourcing, product development, design skills, and low-value addition.

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