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Türkiye and Egypt are preparing to take new steps toward increasing their bilateral trade volume to $15 billion, ahead of the Second Round of the Türkiye–Egypt High-Level Commercial Consultation Mechanism, planned for Dec. 1–2 in Cairo, according to information gathered by Anadolu Agency.
The meeting is expected to address cooperation opportunities for strengthening commercial and economic ties, ongoing challenges in bilateral trade activities, and proposed solutions.
Egypt is Türkiye’s largest trade partner in Africa.
Bilateral trade reached $8.8 billion in 2024, with Türkiye’s exports totaling $4.2 billion and imports amounting to $4.6 billion.
In the first 10 months of this year, Türkiye exported approximately $3 billion worth of goods to Egypt.
Orhan Aydin, head of the Anatolian Lions Businessmen Association (ASKON), said the upcoming meeting hosted by the Ministry of Trade in Cairo is expected to expand the existing trade volume and diversify areas of cooperation.
He said they anticipate concrete roadmaps that will guide the coming period, noting: “Our main expectation is the planning of concrete steps to raise our trade volume, which stood at $8.8 billion in 2024, to $15 billion as announced by the presidents of the two countries, and the improvement of the investment environment to support this goal.”
Aydin stated that while Türkiye already has strong sectors in the Egyptian market, new areas of opportunity are also emerging.
He highlighted the need for official barriers to be addressed and procedures accelerated, enabling deeper cooperation in sectors where both countries hold comparative advantages.
He said customs processes should be facilitated and business visa procedures accelerated so that Turkish brands can expand further in Egypt.
Aydin emphasized the importance of strengthening mechanisms for conducting bilateral trade in local currencies and reducing exchange rate risks, noting that such steps would further support commercial activity.
He said these measures would positively impact the industrial export and import performance of both countries.
Egypt ranks 16th among Türkiye’s export destinations, with a 25% increase, and 17th among the countries from which Türkiye imports the most.
Aydin noted that while Türkiye maintains strong sectors in the Egyptian market, new opportunity areas, described as “surprise sectors,” include defense industries, renewable energy, transportation, logistics and tourism.
He said Egypt’s growing population and ongoing development initiatives create favorable conditions for Turkish contracting and construction materials companies.
Aydin added that Egypt’s ongoing megacity and infrastructure projects, as well as early recovery and reconstruction efforts in nearby regions such as Gaza, present opportunities for Turkish firms.
He said Türkiye has already expressed readiness to contribute, and the Cairo meeting is expected to facilitate greater participation of Turkish contractors and consulting services in Egyptian projects.
Aydin also noted that the total value of Turkish investments in Egypt has reached approximately $4 billion, demonstrating the significant potential in this field.
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