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Tuesday, April 23, 2024 22:18 GMT
The total exports of the garment sector reached US$1.7 billion, up from US$1.3 billion in the same period of 2020, the head of the Egyptian Ready-made Garments Export Council, Mary Lewis, stated. Egypt’s garment exports rose by 38 % during the period from January to November 2021.The total exports of the garment sector reached US$1.7 billion, up from US$1.3 billion in the same period of 2020, the head of the Egyptian Ready-made Garments Export Council, Mary Lewis, stated. The US topped the list of countries that imported the most garments from Egypt during that period. Volumes increased by 44 % to US$1 billion up from US$726 million in the same period last year, Lewis added. Garment exports to Europe also rose 3 % to record US$320 million in 2021, compared to US$310 million in the same period of 2020.Exports to Arab countries increased by 128 % to US$235 million, compared to US$83 million in the 11 months period of the previous year. The rise came amid the council’s continued efforts to overcome obstacles facing ready-made garments, Lewis said. Lewis stressed that Egypt has a clear interest in the industry, and is taking decisions to support investors based on labor-intensive industrial projects in the ready-made garment sector.