Home breadcru News breadcru Trade breadcru  | India major market for Egypt's cotton, but fabric supply share minimal

Prime Content | 
India major market for Egypt's cotton, but fabric supply share minimal

29 Jun '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India and Egypt aim to boost bilateral trade from $**** billion to $**** billion over five years, possibly using a Free Trade Agreement.
  • While India is a key market for Egypt's cotton exports, its share in Egyptian fabric and apparel imports remains small.
  • Despite competition in the global apparel market, both countries see potential for growth in trade.

*.*pt"> India and Egypt are striving to increase their bilateral trade from the current $* billion to $** billion within a span of five years. Both countries have emphasised the importance of considering a free trade agreement (FTA) to further enhance their mutual trade. 

*.*pt"> In the textiles sector, India is a prime market for Egypt&#**;s Extra Long Staple (ELS) cotton exports. Although Egypt imports fabric for its garment industry, India&#**;s share remains minimal. Similarly, India holds a small share in Egyptian apparel imports. As a significant apparel exporter, Egypt competes with India on the global market. 

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!