Egypt’s exports performed well in the first three quarters of 2021, and the impact of the epidemic is gradually recovering. Among them, exports of ready-made garments and agricultural products performed best.
In terms of ready-made garments, the apparel industry’s exports increased by 43% in the first nine months of this year. The increase in export value of the ready-made garment sector was due to increased factory production capacity and lower prices to compensate for the impact of the COVID-19 epidemic. According to a recent report by the Readymade Garment Export Council, the exports of the readymade garment sector in January-September were US$1.4 billion, compared with US$1.2 billion in the same period last year.
The exports of the garment industry began to rebound in February this year, and the export volume increased significantly. Especially from March and April to May and June this year, the export volume increased significantly. growing up. According to official data from the Garment Export Council, the growth rates in these four months were 58%, 194%, 225%, and 60% respectively. The United States ranked first among Egyptian clothing exporters with an export value of US$852 million or 47%, followed by Europe with an export value of US$274 million, an increase of 9% over the same period last year. Clothing exports to Arab countries increased by 245% to reach US$187 million. Clothing exports to African countries increased by 72% to US$1.6 million, and Egypt’s clothing exports to other parts of the world reached US$149 million, an increase of 8% over the same period last year.
The government has taken measures to quickly issue export subsidies and cash payment of membership fees, and has significantly increased the proportion of shipping subsidies for exports to African countries, which is a big deal for exporters. Incentives to encourage increased exports, and Egyptian exports are expected to see a significant boom in the coming years. </p
