<ARTICLE> 5
<LEGEND>

THIS SCHEDULE  CONTAINS SUMMARY  INFORMATION  EXTRACTED FROM FORM 10-QSB FOR THE
QUARTERLY  PERIOD  ENDED  JULY 31,  1998 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY
REFERENCE TO SUCH FORM 10-QSB.

</LEGEND>
<CIK>                                       0001042187
<NAME>                      CTI Industries Corporation
<MULTIPLIER>                                     1,000
<CURRENCY>                                     dollars
       
                             
<PERIOD-TYPE>                   9-mos
<FISCAL-YEAR-END>                    OCT-31-1998
<PERIOD-START>                       NOV-01-1997
<PERIOD-END>                         JUL-31-1998
<EXCHANGE-RATE>                           1.000
<CASH>                                      764
<SECURITIES>                                  0         
<RECEIVABLES>                             3,252 
<ALLOWANCES>                                170
<INVENTORY>                               8,759 
<CURRENT-ASSETS>                         13,828 
<PP&E>                                   12,745 
<DEPRECIATION>                            7,531
<TOTAL-ASSETS>                           20,962 
<CURRENT-LIABILITIES>                     7,930 
<BONDS>                                       0 
<PREFERRED-MANDATORY>                         0 
<PREFERRED>                                   0 
<COMMON>                                  1,188 
<OTHER-SE>                                6,611 
<TOTAL-LIABILITY-AND-EQUITY>             20,962
<SALES>                                  15,714 
<TOTAL-REVENUES>                         15,714
<CGS>                                     9,001 
<TOTAL-COSTS>                             9,001 
<OTHER-EXPENSES>                          5,121
<LOSS-PROVISION>                              0 
<INTEREST-EXPENSE>                          562
<INCOME-PRETAX>                           1,030 
<INCOME-TAX>                                351 
<INCOME-CONTINUING>                         679 
<DISCONTINUED>                                0 
<EXTRAORDINARY>                               0 
<CHANGES>                                     0 
<NET-INCOME>                                679 
<EPS-PRIMARY>                               .18
<EPS-DILUTED>                               .16