Egypt’s home textiles exports up 4.8pc in 11 months reaching $664mn

YarnsandFibers News Bureau 2017-12-28 10:00:00 – Cairo

The Egyptian Home Textiles Export Council (HTEC) announced their intention to participate with 40 Egyptian companies in the upcoming Heimtextil International Trade Fair for home textiles 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.

Egypt’s home textiles exports rose 4.8 percent, reaching $664 million in the January-November 2017 period compared to $443 million during the corresponding period of 2016.

Industry and Trade Minister, Tarek Kabil, has assigned Egyptian export councils to prepare sectoral plans that will include ways to increase Egypt’s exports globally.

His ministry was aiming to cover 50 percent of the trade balance deficit by 2020, with more focus on raising exports.

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