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Egypt's garment exports touch $941 million in 8 months
20
Sep '17
Egypt's garment exports touched $941 million in the first eight months of 2017 compared to $865 million in the same period last year, the country’s Readymade Garments Export Council announced recently. Exports to the United States increased by 6 per cent, reaching $461 million in the eight months compared to $436 million in the same period in 2016.

The council release exports statistics for the first eight months of this year. Exports to the European Union increased by 12 per cent in the first eight months, reaching $312 million compared to the last year’s figure of $280 million in the same period, according to a report in an Egyptian newspaper.

Exports to Arab countries increased by 44 per cent, reaching $53 million, whereas exports to African countries increased by 36 per cent, reaching $201 million.

The August export figure of $132 million was 8 per cent higher than the $122 million figure in the same month last year.

After the United States, Turkey has the second rank at $78.8 million, a 4 per cent decrease compared to 2016. Third comes Spain with a $91.4 million figure in the first eight months, which is a significant increase of 34 per cent over last year figure.

In the fourth place is the United Kingdom with $71.5 million in exports. Germany is at fifth with exports worth $41. 9 million and Italy stands sixth at $46.7 million. (DS)

Fibre2Fashion News Desk – India


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