Egypt’s furniture exports rise to $161.41 million in 8 months

Egypt’s furniture exports rise to $161.41 million in 8 months
Egypt’s furniture exports rise to $161.41 million in 8 months

Cairo – Mubasher: Egyptian furniture exports increased during the first 8 months of 2021 to record about $161.413 million, compared to $136,154 million during the same period in 2020, a growth of 19%.

The report issued by the Furniture Export Council indicated that the value of the sector’s exports decreased during August by 5% to reach $13.959 million, compared to $14.684 million in August 2020.

He pointed out that there has been a noticeable improvement in the sector’s exports over the past 8 months, achieving the highest growth rate during April by 194% to reach $25.753 million, compared to $8.763 million during the same month of 2020, according to the Middle East News Agency.

Egypt’s furniture exports rose in January by 17% to reach $23.678 million, compared to $20.19 million in January 2020, and in February by 19%, to $24.038 million, compared to $20.275 million.

Furniture exports recorded an increase in March of 38% to $24.958 million, compared to $18.054 million, and in May by 18%, to $15.817 million, compared to $13.451 million in May 2020, and in June, it increased by 32% to $19.167 million, compared to 14.574 million. In July, it declined 46% to $14.04 million, compared to $26.159 million.

Eight countries accounted for 75.8% of the total Egyptian furniture exports during the first 8 months of this year, at a value of 122 million dollars.

The Kingdom of Saudi Arabia accounts for 26.1% of Egyptian furniture exports, with the value of exports growing during the period “January-August 2021” to reach $42 million, compared to $39 million, a growth of 7.7%.

Egypt’s furniture exports to Iraq increased by 13.3 percent to $17 million, compared to $15 million, and to Jordan, it was $7 million.

Egyptian furniture exports to Sudan rose to $11 million against $7 million, a growth of 57.1 percent, to the UAE by 11.1 percent, to $20 million, compared to $18 million, and to the Sultanate of Oman by 8.3 percent, to $11 million, compared to $7 million.

Egypt’s furniture exports to Libya grew by 25% during the first 8 months of 2021, to reach $5 million compared to $4 million, and to America by 60% to $8 million compared to $5 million, and to the rest of the countries by 30% to reach $39 million compared to $30 million.

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