Egypt’s textile and apparel exports are likely to decline by 15 per cent in 2021as several manufacturers, especially in the cotton textiles industry, have reduced production.
The country’s textiles and apparel exports declined by 29 per cent to $2,313.38 million in 2020. In 2019, US, Turkey, Germany, Italy, and Spain were the top five export destinations, however UK entered in the list replacing Italy in 2020.
Egypt is a major exporter of apparels, home textiles and fabrics. The country also exports yarn and fibres in comparatively smaller amount. The dip in country’s textiles and apparel exports has been observed from April 2020 to June 2020. It recovered in the following months but again declined in November 2020 and December 2020.