Latest news with #Ready-MadeGarmentsExportCouncil
Egypt Today
3 days ago
- Business
- Egypt Today
Egypt's Garment Exports Jump by 25 Percent in April
CAIRO – 1 June 2025: Egypt's ready-made garment exports rose sharply by 25 percent in April 2025, reaching $223 million, up from $179 million in April 2024, according to a statement released by the Garments Export Council. The Council reported that total exports for the sector between January and April 2025 amounted to $1.028 billion, marking a 22 percent increase compared to the same period last year. This growth underscores Egypt's strengthening position in the global textile market. The United States retained its status as the largest importer of Egyptian garments, with total imports reaching $384 million, reflecting an 11 percent rise from $345 million during the same period in 2024. European countries came in second, with exports increasing by 39 percent to $259 million, compared to $186 million a year earlier. Exports to Arab countries also posted a 6 percent gain, totaling $190 million, up from $180 million in the corresponding period of the previous year. One of the most notable trends was the 101 percent growth in exports to non-Arab African markets, signaling a significant expansion into new African destinations. At the same time, exports to other global markets climbed by 50 percent, reaching $190 million, compared to $127 million in the same period of 2024. Commenting on these figures, Fadel Marzouk, Chairman of the Ready-Made Garments Export Council, stated that the export performance reflects a positive trajectory and the gradual recovery of the sector. He attributed this progress to rising global demand, broader market outreach, and the Council's continuous efforts to improve the competitiveness of Egyptian garments on the international stage. Marzouk also emphasized that the Council is targeting an annual export growth rate of 30 to 35 percent, supported by training programs, expansion of the SME base, increased promotion in international markets, and continued work to remove obstacles facing exporters.
CairoScene
01-05-2025
- Business
- CairoScene
Egypt's Ready-Made Garments Exports Reach USD 262 Million in March
In light of this increase, the Ready-Made Garments Export Council has raised its annual export target to USD 3.8 billion, setting a minimum growth expectation of 35%. May 01, 2025 Egypt's exports of ready-made garments reached approximately USD 262 million in March 2025, marking a 27% year-on-year increase from USD 206 million in March 2024, according to figures released by the Ready-Made Garments Export Council. In response to this growth, the council has revised its annual export target to USD 3.8 billion, up from previous projections. The new goal represents a minimum expected growth rate of 35% for the year. The strongest monthly growth was recorded in February 2025, when exports rose by 35% compared to the same period last year. January, by contrast, saw a more modest year-on-year increase of 11%. The United States remains Egypt's largest export destination for garments, importing USD 102 million worth of products in March alone. European markets followed with USD 66 million in imports, while Arab countries collectively imported USD 40 million. Other international markets contributed an additional USD 53 million, and exports to non-Arab African countries stood at approximately USD 1.2 million. Looking ahead, the council has set a target of USD 12 billion in ready-made garments exports by 2031. To achieve this, the sector will focus on expanding into underrepresented African and Asian markets. Efforts will also include the continued development of dedicated textile and garment industrial zones in Fayoum and Minya, intended to boost production capacity and attract investment.
CairoScene
20-02-2025
- Business
- CairoScene
Egyptian Clothing Exports to Britain Reach USD 101 Million in 2024
A 53% growth over five years highlights rising global demand for Egyptian apparel. Feb 20, 2025 Egyptian clothing exports to Britain have reached USD 101 million in 2024, positioning the country as the seventh-largest importer of Egyptian apparel, according to the Ready-Made Garments Export Council. This marks a 53% increase over the past five years, reflecting rising global demand for Egyptian garments. The council is currently participating in the Fashion London exhibition, a major international fashion industry event. The exhibition gathers top brands and designers, providing an opportunity for Egyptian companies to present their products and align with global fashion trends. Egyptian companies at the exhibition will showcase new designs tailored for global markets and hold bilateral meetings with major importers to further expand exports. According to the Central Agency for Public Mobilization and Statistics, total Egyptian clothing exports reached approximately USD 2.526 billion in the first 11 months of 2024, compared to USD 2.174 billion during the same period in 2023.
