In the first eleven months of FY2024, Egypt's clothing exports increased to approximately $2.526 billion, from $2.174 billion in the corresponding period in 2023, shows a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Accoridng to this report, Egypt’s clothing exports play a vital role in the sector's overall expansion. From January-November 2024, the country’s RMG exports rose to $2.292 billion by October 2024, up from $1.95 billion in the corresponding period of 2023.

Despite the positive export figures, CAPMAS also reported a slight increase in Egypt's trade deficit, which rose by 0.5 per cent to $3.71 billion in 2024 from $3.69 billion in November 2023.

This strong performance of the clothing export sector further contributes to Egypt's broader export growth despite the widening trade deficit.