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Ready-Made Garments Industry Exceeds $12B in Exports
The ready-made clothing industry in Egypt is experiencing an unprecedented boom, with domestic consumption exceeding 1.15 trillion Egyptian pounds. Egyptian factories cover about 85% of this consumption, while only 15% is imported from abroad. The sector employs around 2 million workers, 70% of whom are women, contributing to the improvement of the economic and social conditions of Egyptian families. Annual exports of the sector reached $3.4 billion in 2023, and are expected to reach $4 billion this year, representing an increase of approximately 22% to 25%. The industry aims to expand Egypt's exports to between $8 billion and $12 billion by 2030, as Turkish and Chinese factories move into the Egyptian market, supported by government decisions that have revitalized local factories and made their products competitive in international markets in terms of quality and price.
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