The council has raised its annual export target to $3.8 billion, reflecting a minimum growth expectation of 35 per cent, according to domestic media reports.
February posted the highest growth rate, with exports jumping by 35 per cent YoY, while January saw a more modest YoY increase of 11 per cent.
Egypt’s apparel exports rose by 27 per cent YoY to $262 million in March, the Apparel Export Council of Egypt said.
It aims at doubling exports by 2031 to $12 billion by expanding to African and Asian markets, leveraging Egypt’s trade agreements, enhancing value-added production and modernising manufacturing lines.
Two dedicated textile-garment cities will be launched in Fayoum and Minya.
The United States remained the leading importer of Egyptian garments in March, accounting for $102 million in exports. Europe was next, with $66 million, followed by Arab countries ($40 million), and other international markets ($53 million). Exports to African countries (excluding Arab nations) reached approximately $1.2 million.
The plan also includes launching two dedicated textile and garment cities in Fayoum and Minya.
Fibre2Fashion News Desk (DS)
