Garment exports from Egypt fetched $385 mn (LE 6.77 bn) in the first quarter of 2018, showing an increase of 17 per cent over exports of $330 mn during the same period of the previous year, reported quoting data from the Ready Made Garments Export Council. The council expects $1.8 bn exports this year. Of the total export in January- March 2018, around 48 per cent or $185 mn of garments were destined to the US. This a 16 per cent jump compared to $160 mn during the comparable period of 2017. Month-wise, exports earned $129 mn, $133 mn and $123 mn in January, February and March respectively, compared to exports of $104 mn, $110 mn and $116 mn in the corresponding months of the previous year.
