Recently, the Apparel Export Council of Egypt announced that readymade garment exports from the country touched $2.27 billion for January–October 2024, marking an impressive growth of 17 per cent compared to $1.94 billion during the same period last year. The United States remained the largest market for Egypt’s apparel exports.
According to Fibre2Fashion’s market insight tool TexPro, the US imported apparel worth $1.031 billion from Egypt, accounting for 1.46 per cent of its total imports of $70.792 billion in the first ten months of the current year. Egypt ranked as the sixteenth-largest supplier to the US. Its market share increased from 1.38 per cent during the same period last year, when imports were valued at $970.817 million out of the US’s total imports of $70.353 billion.
US apparel imports from Egypt were valued at $1.126 billion in 2023, when the US imported apparel worth $81.523 billion, giving Egypt a 1.38 per cent share of the total. Egypt’s share was 1.42 per cent in 2022 and 1.38 per cent in 2021, with import values of $1.491 billion and $1.202 billion, respectively. Meanwhile, US total apparel imports stood at $105.234 billion in 2022 and $87.145 billion in 2021, according to TexPro.
Interestingly, Egypt has consistently ranked as the sixteenth-largest supplier of apparel to the US over the past several years. In 2019, US apparel imports from Egypt were valued at $1.015 billion, accounting for 1.16 per cent of the total apparel imports of $87.327 billion.
ALCHEMPro News Desk (KUL)
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