Economics

Saudi Arabia is biggest furniture importer from Egypt

CAIRO – 21 November 2017: Saudi Arabia is the biggest furniture importer in Egypt as it imported worth of $57 million from January to September, the Furniture Export Council said Tuesday.
Chairman of the council Ehab Deryas said in a statement that Saudi Arabia is followed by United Arab Emirates at $39 million, Iraq at $33 million, Sudan at $25 million then Jordan at $20 million.
Egypt’s furniture exports declined 10 percent between January and September 2017 to $244.2 million, compared with $272 million in the same period last year.
Egypt’s trade balance deficit dropped $12.23 billion (37 percent) in the first eight months of 2017 to $20.1 billion, compared with $32.4 billion in the same period in 2016, according to Minister of Industry and Foreign Trade Tarek Kabil.

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