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Egypt's textile exports exceed $1bn in 9M

Egypt's textile exports exceed $1bn in 9M
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Cairo – Mubasher: Egypt's textile exports increased by 28% to $1.12 billion during the first nine months of 2021, compared to around $872 million in the year-ago period, the Middle East News Agency (MENA) reported.

Higher exports are driven by the gradual easing of restrictions in markets and the high vaccination rates across the world, the Egypt Textiles and Home Textiles Export Council announced.

Egypt's exports of fabrics amounted to $267 million, up about 17% year-on-year (YoY) in the January-September period of 2021, while the exports of yarn and technical textiles amounted to $210 million and $100 million, respectively.