Egyptian exports to Turkey jumped by 38.5% in 2017 compared to 2016, despite the political clash that has pitted the two countries against each other over the past few years.
According to the latest report released by the Egyptian Commercial Representation Office in Istanbul, Egypt’s exports to Turkey edged up by 38.5% to stand at $1.99 billion in 2017, compared to $1.44 billion a year earlier. Egypt’s imports from Turkey, meanwhile, declined by 13.7% to reach $2.36 billion in 2017, compared to $2.73 billion in 2016, the same report stated. It also highlighted that foreign trade balance increased from 53% in 2016 to 85% in 2017.