Trade Egypt’s garment exports to Saudi Arabia rise 90% By Pramod Kumar April 8, 2024, 4:30 AM Unsplash.com/Remy Gieling Garment exports from Egypt to the US, Europe and Arab countries have increased this year Egypt’s garment exports to Arab countries rose 35 percent year on year to $100 million during the first two months of 2024, a trade association executive has said. Sales to Saudi Arabia surged 90 percent year on year to $25 million during the January and February period, Daily News Egypt reported, quoting Marie-Louis Bishara, president of the Readymade Garment Export Council. Exports to Libya jumped 216 percent annually to $20 million. NewsletterGet the Best of AGBI delivered straight to your inbox every week Overall, the garment sector saw a 25 percent rise in exports to $464 million during the first two months of 2024, compared to $371 million a year ago. The growth is attributed to the easing of export-related conditions and government support. Egypt will still feel the heat despite US rate cuts Egypt chooses British Steel for Green Line rail track Abu Dhabi’s futuristic vision of an Egyptian metropolis The US remained Egypt’s top export market, with sales hitting $187 million, up 13 percent year on year. Additionally, exports to Europe climbed 42 percent annually to $107 million. Exports to Spain reached $25 million, an increase of 41 percent year on year, while Germany climbed 19% year on year to $22 million in the first two months of the year, the report said.
