The council has raised its annual export target to $3.8 billion, reflecting a minimum growth expectation of 35 per cent, according to domestic media reports.
February posted the highest growth rate, with exports jumping by 35 per cent YoY, while January saw a more modest YoY increase of 11 per cent.
The United States remained the leading importer of Egyptian garments in March, accounting for $102 million in exports. Europe was next, with $66 million, followed by Arab countries ($40 million), and other international markets ($53 million). Exports to African countries (excluding Arab nations) reached approximately $1.2 million.
The plan also includes launching two dedicated textile and garment cities in Fayoum and Minya.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
