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Egypt's garment exports dip marginally in five months
03
Jul '14
The exports of readymade garments from Egypt declined marginally in the first five months of the current year, the latest official figures show.
 
According to the General Organization for Export & Import Control (GOEIC), Egypt exported readymade garments worth US$ 569 million in January-May 2014 period, registering a drop of 3.88 percent over exports of $592 million made in the corresponding period of last year.
 
Category-wise, non-knitted apparel exports accounted for $355 million, while knitwear contributed the remaining $214 million.
 
By type of use, casual clothing exports earned $213 million, whereas formal wear fetched $173 million and sportswear $46 million during the five-month period.
 
From January-March 2014, Egypt’s apparel imports grew by 13 percent to $123 million, as against imports of $108 million made during the same period last year, the GOEIC report showed.
 
Last year, Egypt’s clothing exports stood at $1.429 billion, almost same as the amount earned in the previous year. These exports accounted for seven percent share in total Egyptian exports during the year.
 
However, Egypt’s garment imports rose by 7 percent year-on-year to $460 million in 2013.
 

Fibre2fashion News Desk - India

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