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Import Summary Report – Egypt

Turkey’s GDP has grown at 6% CAGR from 2009 to 2013. This has led to a steady rise in domestic consumption, leading to growth in Turkey’s imports at 16% CAGR over the past five years. Non-oil imports which constituted 92% of Turkey’s overall import in 2013, increased by 17% CAGR from 2009 to 2013. Among the non-oil imports, heavy machinery & electronics, building materials, chemicals & polymers, precious metals & jewelry, textiles, and food products are the major product categories. Though currently the Kingdom occupies a small portion of Turkey’s non-oil import segment, imports from KSA have seen a rapid growth of 33% in past five years. The Kingdom is a major supplier of chemicals & polymers, packaging and building materials to Turkey. This report looks into Turkey’s non-oil import market vis-à-vis Kingdom’s share in the non-oil imports. It also outlines the import potentials in certain industries such as heavy machinery & electronics, building materials, textiles, packaging, and chemicals & polymers. Imports of services by Turkey are not part of this Import Summary Report.