Egypt’s exports to Turkey hike by 9.3% in six months: CAPMAS

Egyptian exports to Turkey reached 5.2 billion Egyptian pounds (US$585.5 million) during the first half of 2016 versus 4.7 billion pounds a year earlier, making a 9.3 percent rise.

The monthly bulletin of Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) about foreign trade showed that state’s exports to Turkey rose by 8.1 percent in June 2016 to 965.2 million pounds from 892.5 million pounds in June 2015.

During the first six months of 2016, Egyptian fertilizers exports to Istanbul registered 496.5 million opposed to 53.5 million pounds, marking a 828.4 percent leap.

In June 2016, fertilizers exports to Turkey increased by 910.9 percent to 121.9 million pounds from 12.1 million pounds in June 2015.

The bulletin also stated that Egyptian exports of cotton to Turkey jumped in January-June 2016 by 7.5 percent .

The total volume of Egypt’s cotton exports to Turkey hit 521.8 million pounds versus 485.5 million pounds during the first half of 2015.