Pic: Adobe Stock According to SBS Zipper’s market insight tool TexPro, Saudi Arabia remained a small trading partner for apparel exports from Egypt despite the recent rise in trade. During the first three quarters of 2023, the shipment to Saudi Arabia accounted for just 4 per cent of the total apparel exports from Egypt, which totalled $1,952.544 million. Saudi Arabia was ranked sixth in the largest apparel markets for the country.
Egyptian apparel exports to Saudi Arabia have increased notably, rising to $97.535 million from January to October 2023, up from $55.817 million in 2022. Despite this growth, Saudi Arabia remains a minor partner, accounting for only 4 per cent of Egypt's total apparel exports, which totalled $1,952.544 million in the first three quarters of 2023.The United States, Turkiye, and the United Arab Emirates were the top three markets for Egyptian apparel shipments in January-October 2023, contributing approximately 58 per cent to its total apparel shipments.
Egypt exported apparel to the partner nation worth $28.282 million in 2019. This slightly decreased to $28.230 million in 2020. After the pandemic, the shipments jumped to $46.666 million in 2021 and further increased to $55.817 million the following year, as per TexPro.
Saudi Arabia was the third-largest market for home textile exports from Egypt in January-October 2023, when its shipments to the African country were recorded at $40.421 million. These shipments constituted 8.77 per cent of Egypt’s total home textile exports of $460.973 million. The United States and Germany were the first and second largest markets for the trade, with a combined share of over 30 per cent.
SBS Zipper News Desk (KUL)
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