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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. Exports were $12.5 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 $17.4 billion in total (two way) goods trade during 2016. Goods exports totaled $9.4 billion; goods imports totaled $8.0 billion. The U.S. goods trade surplus with Turkey was $1.3 billion in 2016.

Trade in services with Turkey (exports and imports) totaled an estimated $5.0 billion in 2016. Services exports were $3.1 billion; services imports were $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' 29th largest goods export market in 2016.

  • U.S. goods exports to Turkey in 2016 were $9.4 billion, down 1.4% ($132 million) from 2015 but up 77.4% from 2006.  

  • The top export categories (2-digit HS) in 2016 were: aircraft ($3.1 billion), machinery ($889 million), iron and steel ($702 million), cotton ($499 million), and electrical machinery ($433 million).

  • U.S. total exports of agricultural products to Turkey totaled $1.4 billion in 2016, our 18th largest agricultural export market. Leading domestic export categories include: cotton ($495 million), tree nuts ($361 million), distillers grains ($137 million), soybeans ($58 million), and tobacco ($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 (trademarks and computer software), and financial services sectors. 

Imports

  • Turkey was the United States' 33rd largest supplier of goods imports in 2016.

  • U.S. goods imports from Turkey totaled $8.0 billion in 2016, up 2.1% ($168 million) from 2015, and up 50.1% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: iron and steel ($885 million), machinery ($876 million), vehicles ($728 million), carpets and other textile coverings ($360 million), and stone, plaster, cement ($352 million).

  • U.S. total imports of agricultural products from Turkey totaled $990 million in 2016. Leading categories include: processed fruit & vegetables ($203 million), tobacco ($159 million), snack foods ($150 million), coarse grains ($118 million), and fruit & vegetable juices ($60 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 $1.3 billion in 2016, a 18.3% decrease ($300 million) over 2015.

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

Investment

  • U.S. foreign direct investment (FDI) in Turkey (stock) was $3.1 billion in 2016, a 1.7% increase from 2015. U.S. direct investment in Turkey is led by manufacturing, wholesale trade, and prof., scientific, and tech. services.

  • Turkey's FDI in the United States (stock) was $652 million in 2016, up 4.3% from 2015. The distribution of Turkey's FDI in the United States is not available.

  • 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.