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Egypt and Turkey Plan for Trade Relations Strengthen in 2024

Egypt and Turkey share diplomatic and economic ties built on cooperation as well as cultural, religious, and historical origins that go eight centuries back to the Ottoman Empire. Egypt is currently Turkey's top trading partner in Africa, and Turkey is one of the most important destinations for Egyptian exports. According to President Abdel Fattah El-Sisi,

Egypt s annual inflation declines to 33 1% in March

Egypt's annual inflation rate declined to 33.1 percent during the month of March, compared to 36 percent during the month of February, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Volume of trade exchange bet Egypt, Turkey record $6 6B in 2023: CAPMAS

According to CAPMAS, Turkish investments in Egypt amounted to $167.2 million in the Fiscal Year 2022/2023 (FY22/23), marking a 7.1 percent decline compared to the previous FY21/22 when it reached $179.9 million

Egypt s exports to Somalia surge by 27 7% in 2023: CAPMAS

During the first 11 months of 2023, the volume of trade exchange between Egypt and Somalia Surged by 26.5 percent, to record $56.3 million, compared to $44.5 million during the same period in 2022

Egypt s trade deficit hits $3 14B in September 2023: CAPMAS

The report indicates a notable decline in the value of exports, which amounted to $2.94 billion during September 2023

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