Egypt witnessed a 10 per cent rise in exports of readymade garments (RMG) during the first seven months of 2018 to hit $907 million compared with $824 million in the same period last year. The Readymade Garments Export Council of Egypt is optimistic about scaling up exports by 15 per cent to around $1.7 billion by the year end, the council announced recently.
Turkey was Egypt’s top RMG importer with a value of $84 million, followed by Spain with $79 million, a report on a top website in the Middle East and North Africa on equity market news and data said citing statistics maintained by the council.Egypt witnessed a 10 per cent rise in exports of readymade garments during the first seven months of 2018 to hit $907 million compared with $824 million in the same period last year. The Readymade Garments Export Council of Egypt is optimistic about scaling up exports by 15 per cent to around $1.7 billion by the year end, the council announced recently.#
Britain comes third with $59 million, followed by Italy and France at fourth and fifth with $46 million and $29 million respectively. (DS)
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