Turkey-Egypt Economic and Trade Relations

Economy of Egypt (2017)

GDP (billion USD)

256

Inflation rate (%)

21,9

Real GDP growth rate (%)

4,2

Unemployment rate (%)

11,3

Population (million)

94,7

Exports (fob-billion USD)

31,9

Population growth rate (%)

1,95

Imports (cif-billion USD)

55,8

GDP per capita (USD)

2.617

Main trade partners: China, Germany, Italy, Saudi Arabia, USA.

Main export items: Mineral fuels, pearls and precious stones, electrical and electronic equipment, plastics and plastic products.

Main import items: Mineral fuels, machines, electrical and electronic equipment, cereals.

Bilateral Trade Statistics:

YEAR

EXPORTS

IMPORTS

VOLUME

BALANCE

2014

3.301

1.437

4.738

1.864

2015

3.129

1.216

4.345

1.913

2016

2.733

1.443

4.177

1.290

2017

2.360

1.997

4.357

363

2018

3.055

2.190

5.245

865

Resource: TÜİK (million USD)

Main export items: Crude petroleum-derived products, textile fibre and textile products, iron and steel, metal products and road transport vehicles.

Main import items: Plastics and plastic products, fertilizers, textile fibre and textile products, crude petroleum-derived products and organic chemicals

Number of Egyptian visitors : 100.971 (2017)

Bilateral Cooperation Mechanisms:

- Joint Committee: Last meeting of the Joint Committee was held on 5-6 March 2012.

- High Level Commercial Negotiations Committee: Last meeting of the Committee was held on 16th of November 2012.

- Business Forum: The last meeting was held on 30 th September 2012, in Ankara.

- Business Council: Last meeting of Business Council was held on 10th May 2013, in Cairo.