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Egypt's garment exports decline 24% in H1 2020
07 Aug '20
1 min read
Pic: Shutterstock
Exports of readymade garments from Egypt fetched $614 million in the first six months of 2020, registering a decline of 24 per cent year-on-year compared to $806 million earned in the same period of the previous year, the country's Readymade Garments Export Council (RMGEC) said in a report. The US, EU and Arab countries were the main export destinations.
Around 58.4 per cent or $359 million of readymade garments from Egypt were imported by the US, followed by $164 million of apparel by the EU countries, $31 million by Arab countries, and $713,000 by African nations, data from the RMGEC report showed. Exports to the remaining countries were around $60 million.
In June 2020, however, Egypt's clothing exports grew by 2 per cent year-on-year to $128 million.
Fibre2Fashion News Desk (RKS)
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