Such exports rose by 25 per cent YoY to $223 million in April by 23 per cent YoY to $254 million in March.
The United States remained Egypt's top RMG export destination, with exports to there totalling $384 million in the four-month period—a 11-per cent increase YoY. Europe followed, with exports to there jumping by 39 per cent YoY to $259 million.
The country’s RMG exports to Arab countries grew modestly by 6 per cent YoY, reaching $190 million during the period, while exports to African nations (excluding Arab states) recorded the highest YoY rise of 101 per cent.
Exports to other global markets surged by 50 per cent YoY, totalling $190 million between January and April this year, a domestic media outlet reported.
AECE chairperson Fadel Marzouk attributed the sector's robust performance to improved global demand, a broader export base and the council's focused efforts to open new markets and diversify demand sources.
The council aims at raising RMG exports by 30-35 per cent annually, and double such exports by 2031 to $12 billion.
ALCHEMPro News Desk (DS)
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