Egypt’s garment exports to Saudi Arabia rise 90%

Egypt’s garment exports to Arab countries rose 35 percent year on year to $100 million during the first two months of 2024, a trade association executive has said.

Sales to Saudi Arabia surged 90 percent year on year to $25 million during the January and February period, Daily News Egypt reported, quoting Marie-Louis Bishara, president of the Readymade Garment Export Council.

Exports to Libya jumped 216 percent annually to $20 million.

Overall, the garment sector saw a 25 percent rise in exports to $464 million during the first two months of 2024, compared to $371 million a year ago.

The growth is attributed to the easing of export-related conditions and government support.

The US remained Egypt’s top export market, with sales hitting $187 million, up 13 percent year on year. Additionally, exports to Europe climbed 42 percent annually to $107 million.

Exports to Spain reached $25 million, an increase of 41 percent year on year, while Germany climbed 19% year on year to $22 million in the first two months of the year, the report said.