Pic: Adobe Stock RMG exports increased by 25 per cent YoY to European Union (EU) nations during the period to $254 million. The EU is the second largest market for Egyptian RMG.
Egypt's exports of readymade garments (RMG) rose by 19 per cent YoY between January and May to hit $1.08 billion. Such exports rose by 25 per cent YoY to EU nations to hit $254 million and by 10 per cent to the US to reach $444 million during the period. RMG exports to Arab countries during the period were worth $217 million—a growth of 38 per cent YoY.RMG exports increased by 10 per cent to the United States to $444 million during the period, while such exports to Arab countries were worth $217 million—a growth of 38 per cent YoY, domestic media outlets reported.
Egypt’s RMG exports to Saudi Arabia increased by 74 per cent YoY to reach $64 million during the period.
The country’s Clothing Export Council, meanwhile, expects RMG exports to reach $3 billion by the end of the year.
SBS Zipper News Desk (DS)
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