Egypt's Ready-made Garment Exports exceed $2.820 Billion

Head of the Ready-Made Garments Export Council Fadel Marzouk estimated that Egyptian ready-made garment exports by the end of 2024 exceed $2.820 billion, an increase of 18% compared to 2023.

Marzouk told Al Arabiya Business that the value of Egyptian ready-made garment exports ranged between $300 and $310 million in December at the very least.

The head of the Export Council indicated that the council aims to raise Egyptian ready-made garment exports to $3.5 billion by the end of 2025, an increase of more than 20%.

"We look forward to raising the sector's exports by 23% and 25%, respectively during 2026 and 2027," according to Marzouk, who explained that the expected increase in exports is driven by the significant increase in foreign direct investment (FDI) in Egypt in the ready-made garment sector, especially from Turkey, Vietnam and China.

"Turkish factories operating in Egypt are currently expanding their operations in the local market, while new Turkish companies have begun to enter the market for the first time," according to Marzouk.

Egypt's ready-made garment exports amounted to $2.4 billion in 2023, a value that represented about 7% of Egypt's total non-petroleum exports during the past year, according to data from the Egyptian Export and Import Control Authority.

Egypt's non-oil exports reached $35.6 billion in 2023, while the state aims to increase export proceeds to $145 billion by 2030, according to previous statements by Egyptian Minister of Investment and Foreign Trade Hassan Al-Khatib.

Countries that import the most Egyptian clothes:

The U.S. topped the list of markets that import the most Egyptian ready-made clothes from the beginning of 2024 until the end of November of the same year, as it imported products worth $1.06 billion, compared to $931 million in the same period in 2023, an increase of 15%.

In second place, Turkey came with a value of $208 million during the mentioned period, compared to $203 million, year-on-year, an increase of 2%.

Saudi Arabia increased its imports of Egyptian ready-made garments by 95% until the end of last November, as it imported clothes worth $176 million, compared to $90 million YoY.

In fourth place, Spain came with imports worth $153 million, compared to $115 million, a growth of 33%.

Germany came in fifth place with imports worth $126 million, compared to $110 million in 2023, an increase of 15%.