Being a garment-exporting nation, Egypt has limited bilateral apparel trade with Turkiye but remains heavily reliant on fabric and yarn imports to support its garment manufacturing sector, which caters mainly to export markets in the EU and the US.
Egypt imported fabric worth $**.** million from Turkiye between January and June ****—up **.** per cent from $**.** million in the same period of ****. According to sourcing intelligence platform TexPro, the rise was driven by stronger demand from Egyptian garment units benefitting from preferential trade access to the EU under the EU–Egypt Association Agreement. Turkiye accounted for *.** per cent of Egypt’s total fabric imports of $*.** billion in H* ****. In the full year ****, Egypt’s fabric imports from Turkiye had surged ***.** per cent to $***.** million due to competitive Turkish pricing and shorter lead times compared with Asian suppliers.
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!