- Egypt's exports to Türkiye hit $4bln in the January-December 2022 period, an annual surge of 32.30% from $3bln
According to Zawya article published on March 20, 2023, the value of bilateral trade between Egypt and Türkiye rose by 14% year-on-year (YoY) to $7.70 billion in 2022 from $6.70 billion.
The Arab Republic’s exports to Türkiye hit $4 billion in the January-December 2022 period, an annual surge of 32.30% from $3 billion, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Meanwhile, Egypt imported goods worth $3.72 billion from Türkiye in 2022, down 0.70% YoY from $3.74 billion.
During fiscal year (FY) 2021/2022, Turkish investments in the African country amounted to $179.90 million, higher by 30.30% than $138.10 million in FY19/20.
Remittances of Egyptians working in Türkiye reached $21.50 million in FY20/21, a 32.30% hike from $16.30 million in the previous FY.
On the other hand, the remittances of Turkish citizens working in Egypt plummeted by 31.10% YoY to $9.10 million in FY20/21 from $13.20 million.
