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Egypt's exports to Turkey rise 44 percent
30 December 2017  -  Organization :  -  Sector/Entity :  -  Category : General

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Trade volume between the two countries reached a total of $3.457 billion, during the first 10 months of 2017.

Cairo- Minister of Trade and Industry Tarek Kabil said that Egypt’s exports to Turkey increased significantly between January and October 2017, hitting $1.657 billion, compared to $1.149 billion during the same period last year, posting a 44.2% increase, according to a recent report by the Egyptian commercial office in Istanbul.

On the other hand, Egyptian imports from Turkey during the same period declined by 18.7%, standing at $1.8 billion, down from about $2.2 billion in 2016, bringing the total of trade volume between the two countries during the first 10 months of 2017 to $3.457 billion.

The report also pointed out that export growth to the Turkish market is due to an increase in Egyptian shipments of methanol by 299.5%, urea fertilizers by 145.6% and denim fabrics by 57.8%.

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