Egypt exports $107m of furniture in four months

CAIRO – 6 June 2017: Furniture exports recorded $107 million in the first four months of 2017, the Furniture Export Council said Tuesday.

In the first quarter of this year, furniture exports hiked 7 percent to register $95.4 million, compared to $88.8 million in Q1 2016.

Regarding the list of countries that import furniture from Egypt, Saudi Arabia topped the list with $28 million, followed by the United Arab Emirates at $18 million, Sudan at $11 million, Qatar at $6 million, the United States and Lebanon at $6 million each, Oman at $5 million then Kuwait, Italy and Morocco $2 million each.

China, Libya, Tunisia, Germany, Algeria, Iran and Burkina Faso also imported furniture from Egypt at $1 million each.

Egyptians consume LE 15 billion worth of furniture per year, 60 percent of them is locally produced, while the remaining 40 percent is imported, according the Chamber of Woodworking and Furniture.

Egypt targets promoting furniture exports. In 2016, it exported $370 million worth of furniture, according to the chamber, and it aims to raise this figure to $450 million in 2017.