Egyptian Furniture Export Council said that the exports of the sector went down in January-March 2020 by 24 percent registering $58 million, compared to $76 million in the same period in 2019.
Saudi Arabia topped the list of countries importing Egyptian furniture in the first quarter of 2020 with imports estimated at $15 million, the UAE came second with $8-million imported Egyptian furniture and Oman came in the third position with imports worth $6 million.
The sector’s exports also witnessed a decrease during March by 33 percent to $ 17.377 million, compared to $ 25.836 million.
However, Furniture exports fell by 17 percent last year to register $ 270.393 million, compared to $ 323.933 million in 2018.
Egyptian Furniture Export Council sees that the significant decline resulted from weak marketing that s the participation in foreign fairs went down, due to the high participation costs.
