CAPMAS: Egyp's Exports to Turkey Surge 32.3%

Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the value of Egyptian exports to Turkey increased to $4 billion in 2022, compared to $3 billion, year-on-year, an increase of 32.3%.

While the value of Egyptian imports from Turkey amounted to $3.72 billion in 2022, compared to $3.74 billion in 2021, a decrease of 0.7%.

CAPMAS indicated that the value of trade exchange between Egypt and Turkey increased to $7.7 billion in 2022, compared to $6.7 billion, year-on-year, an increase of 14%.

Regarding the ten most important commodity groups that Egypt exported to Turkey in 2022, the statistics agency indicated that fuel, mineral oils and their distillation products came first with a value of $1.7 billion.

Then plastics and their manufactures with a value of $390.5 million, inorganic chemical products with a value of $259 million, then synthetic or synthetic fibers with a value of $194.4 million.

Egypt also exported fertilizers with a value of $194.4 million, machines, appliances and electrical equipment with a value of $169.9 million, and ready-made garments with a value of $121.5 million, synthetic fibers with a value of $96.4 million, cotton with a value of $91.5 million, and glass and its articles with a value of $90.2 million.

As for the ten most important commodity groups that Egypt imported from Turkey in 2022 are iron and steel with a value of $535.5 million, boilers, machinery and automatic devices with a value of $400.1 million, fuel, mineral oils and distillation products with a value of $312.7 million, iron or steel with a value of $256.9 million.

Egypt also imported inorganic chemical products from Turkey with a value of $219.6 million,  plastics and their manufactures with a value of $184.7 million, cars, tractors and bicycles with a value of $177.8 million, machines, appliances and electrical equipment with a value of $129.2 million, paper with a value of $110.4 million, milk and dairy products with a value of $95.4 million.

The value of Turkish investments in Egypt amounted to $179.9 million during the fiscal year 2021/22, compared to $138.1 million during the fiscal year 2020/21, an increase of 30.3%.

The value of remittances of Egyptians working in Turkey recorded $21.5 million during the fiscal year 2020/21, compared to $16.3 million a year earlier, an increase of 32.3%.

While the value of remittances from Turks working in Egypt amounted to $9.1 million during the fiscal year 2020/21, compared to $13.2 million a year earlier, a decrease of 31.1%.