Web Exclusive | November 2017
Egypt’s textile exports increase 3%
Exports of the Textile Export Council increased 3 per cent in the period between January to October 2017 to stand at $673 million, as compared with $651 million a year earlier, the council said. Turkey came first among the countries importing textile from Egypt, acquiring $230.27 million of exports, followed by Italy ($132.98 million), Saudi Arabia ($26.79 million) and Tunisia ($21.85 million), the Council’s Chairman Hassan Eshra said.
Egypt’s textile exports to Germany and Portugal, meanwhile, reached $16.89 million and $13.19 million respectively.
On the recent “Destination Africa” exhibition for readymade clothes that was recently held in Cairo, Eshra said that the exhibition was a success, where Egyptian companies held bilateral meetings with international buyers, boosting Egypt’s exports. He added that his council will start a series of meetings with the event’s organisers soon to prepare for the exhibition’s upcoming edition, saying that the council aims to increase the number of exhibitors from Egypt and Africa by 50 per cent.
It also aims to invite a big number of buyers from across the world. In light of the Trade Ministry’s plan to support textile industries, Eshra said that a delegation of foreign companies, which are interested in investing in Egypt, has visited the textile industries city in Minya governorate, vowing to inject investments in Minya in 2019.