<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION  EXTRACTED FROM FORM SB-2 FOR THE SIX
MONTHS  ENDED  APRIL 30,  1997 AND FOR THE YEAR ENDED  OCTOBER  31,  1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM SB-2.
</LEGEND>
<CIK>                                       0001042187
<NAME>                      CTI Industries Corporation
<MULTIPLIER>                                     1,000
<CURRENCY>                                     dollars
       
                                                        
<PERIOD-TYPE>                   6-mos                        12-mos
<FISCAL-YEAR-END>                           APR-30-1997            OCT-31-1996
<PERIOD-START>                              NOV-01-1996            NOV-01-1995
<PERIOD-END>                                APR-30-1997            OCT-31-1996
<EXCHANGE-RATE>                                 1.000                   1.000
<CASH>                                              0                     131
<SECURITIES>                                        0                       0 
<RECEIVABLES>                                   2,805                   1,795 
<ALLOWANCES>                                      126                     130 
<INVENTORY>                                     4,701                   4,583 
<CURRENT-ASSETS>                                7,687                   6,597 
<PP&E>                                         10,266                  10,000 
<DEPRECIATION>                                  6,547                   6,416 
<TOTAL-ASSETS>                                 11,523                  10,286 
<CURRENT-LIABILITIES>                           7,197                   6,250 
<BONDS>                                             0                       0 
<PREFERRED-MANDATORY>                               0                       0 
<PREFERRED>                                     1,044                   1,028 
<COMMON>                                           75                      74 
<OTHER-SE>                                       (117)                   (620)
<TOTAL-LIABILITY-AND-EQUITY>                   11,523                  10,286
<SALES>                                         8,736                  13,910 
<TOTAL-REVENUES>                                8,736                  13,910 
<CGS>                                           5,384                   8,558 
<TOTAL-COSTS>                                   5,384                   8,558 
<OTHER-EXPENSES>                                2,658                   4,976 
<LOSS-PROVISION>                                    0                       0 
<INTEREST-EXPENSE>                                304                     553
<INCOME-PRETAX>                                   390                    (177)
<INCOME-TAX>                                        0                       6 
<INCOME-CONTINUING>                               390                    (183)
<DISCONTINUED>                                      0                       0 
<EXTRAORDINARY>                                     0                       0 
<CHANGES>                                           0                       0 
<NET-INCOME>                                      390                    (183)
<EPS-PRIMARY>                                     .26                    (.20)
<EPS-DILUTED>                                     .26                    (.20)