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Turkey

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U.S. goods and services trade with Turkey totaled an estimated $22.4 billion in 2016 (latest data available). Exports were $12.4 billion; imports were $9.9 billion. The U.S. goods and services trade surplus with Turkey was $2.5 billion in 2016.

Turkey is currently our 32nd largest goods trading partner with $19.2 billion in total (two way) goods trade during 2017. Goods exports totaled $9.7 billion; goods imports totaled $9.4 billion. The U.S. goods trade surplus with Turkey was $328 million in 2017.

Trade in services with Turkey totaled an estimated $5.0 billion in 2016 (latest data available). Services exports totaled $3.1 billion; services imports totaled $1.9 billion. The U.S. services trade surplus with Turkey was $1.2 billion in 2016.

According to the Department of Commerce, U.S. exports of Goods and Services to Turkey supported an estimated 68 thousand jobs in 2015 (latest data available) (48 thousand supported by goods exports and 20 thousand supported by services exports).

 

Exports

  • Turkey was the United States' 28th largest goods export market in 2017.

  • U.S. goods exports to Turkey in 2017 were $9.7 billion, up 4.1% ($387 million) from 2016 and up 49.9% from 2007.  

  • The top export categories (2-digit HS) in 2017 were: aircraft ($1.8 billion), iron and steel ($1.1 billion), mineral fuels ($979 million), machinery ($760 million), and cotton ($735 million).

  • U.S. total exports of agricultural products to Turkey totaled $1.8 billion in 2017. Leading domestic export categories include: cotton ($730 million), tree nuts ($308 million), distillers grains ($229 million), soybeans ($139 million), and feeds & fodders nesoi ($51 million).

  • U.S. exports of services to Turkey were an estimated $3.1 billion in 2016 0.6% ($18 million) less than 2015.  Leading services exports from the U.S. to Turkey were in the travel, intellectual property (industrial processes), and financial services sectors. 

Imports

  • Turkey was the United States' 34th largest supplier of goods imports in 2017.

  • U.S. goods imports from Turkey totaled $9.4 billion in 2017, up 17.1% ($1.4 billion) from 2016, and up 104.6% from 2007.  

  • The top import categories (2-digit HS) in 2017 were: vehicles ($1.4 billion), iron and steel ($1.0 billion), machinery ($942 million), carpets and other textile coverings ($478 million), and stone, plaster, cement ($354 million).

  • U.S. total imports of agricultural products from Turkey totaled $938 million in 2017. Leading categories include: processed fruit & vegetables ($185 million), tobacco ($151 million), snack foods ($102 million), coarse grains ($79 million), and other vegetable oils ($73 million).

  • U.S. imports of services to Turkey were an estimated $1.9 billion in 2016 7.2% ($146 million) less than 2015.  Leading services imports from Turkey to the U.S. were in the travel, transport, and professional and management services sectors. 

Trade Balance

  • The U.S. goods trade surplus with Turkey was $328 million in 2017, a 75.1% decrease ($989 million) over 2016.

  • The United States has a services trade surplus of an estimated $1.2 billion with Turkey in 2016 (latest data available), up 16.0% from 2015. 

Investment

  • U.S. foreign direct investment (FDI) in Turkey (stock) was $4.3 billion in 2017, a 10.7% increase from 2016. U.S. direct investment in Turkey is led by manufacturing, wholesale trade, and finance and insurance.

  • Turkey's FDI in the United States (stock) was $2.0 billion in 2017, up 18.1% from 2016. There is no information on the distribution of Turkey FDI in the U.S.

  • Sales of services in Turkey by majority U.S.-owned affiliates were $5.1 billion in 2015 (latest data available), while sales of services in the United States by majority Turkey-owned firms were $75 million.