Home Textiles exports hit $664M in 11 month, up 4.8%

CAIRO – 27 December 2017: Exports of home textiles rose 4.8 percent, reaching $664 million in the January-November 2017 period compared to $443 million during the corresponding period of 2016, the Egyptian Home Textiles Export Council (HTEC) announced in a statement on Wednesday.

HTEC announced its intention to participate with 40 Egyptian companies in the Heimtextil International Trade Fair for home textiles which is set to be held in Frankfurt, Germany during January 9 to 12, 2018.

Chairman of HTEC said that Egypt will also participate in the Carpet Domotex International exhibition, which is scheduled to be held in Hanover from January 13 to 17, 2018.

Egyptian non-petroleum exports during the period of January-November 2017 increased by 10 percent, registering $20 billion, against $18 billion in the same period of 2016, the General Organization for Import and Export Control (GOEIC) said in mid-December.

Industry and Trade Minister, Tarek Kabil, told Egypt Today in September that exports could rise from $2 billion to $3 billion in 2017 year-on-year and that his ministry was aiming to cover 50 percent of the trade balance deficit by 2020, with more focus on raising exports.

Kabil assigned in November Egyptian export councils to prepare sectoral plans that will include ways to increase Egypt’s exports globally.