Turkish exports to Egypt down in this years's Q1

Photo: Turkish exports to Egypt down in this years's Q1 / Arab World

Exports to Egypt from Turkey shrunk by 17 percent in first quarter of 2014 compared to same quarter of last year, according to figures from the Turkish Exporters' Assembly Anadolu Agency reported.

In the first quarter of 2014, goods exported to Egypt amounted to US$769 million, a 17 percent decrease on a year-on-year basis.

Egyptian imports constituted two percent of overall exports to Turkey between January-March, which amounted to US$38.6 billion.

Chemicals, which represented the highest share of exports to Egypt, almost one-third of the overall export total, sank 46.6 percent year-on-year to US$252 million.

Steel products exports were worth US$95 million, textiles US$74 million and automotive and supply industry US$64 million.

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