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U.S. goods and services trade with Turkey totaled an estimated $24.0 billion in 2017 (latest data available). Exports were $12.7 billion; imports were $11.2 billion. The U.S. goods and services trade surplus with Turkey was $1.5 billion in 2017.
Turkey is currently our 32nd largest goods trading partner with $20.5 billion in total (two way) goods trade during 2018. Goods exports totaled $10.2 billion; goods imports totaled $10.3 billion. The U.S. goods trade deficit with Turkey was $143 million in 2018.
Trade in services with Turkey (exports and imports) totaled an estimated $4.8 billion in 2017 (latest data available). Services exports were $3.0 billion; services imports were $1.8 billion. The U.S. services trade surplus with Turkey was $1.2 billion in 2017 (latest data available).
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).
- Turkey was the United States' 28th largest goods export market in 2018.
- U.S. goods exports to Turkey in 2018 were $10.2 billion, up 4.6% ($453 million) from 2017 and up 2.4% from 2008.
- The top export categories (2-digit HS) in 2018 were: aircraft ($2.1 billion), mineral fuels ($1.2 billion), iron and steel ($1.1 billion), machinery ($753 million), and cotton ($685 million).
- U.S. total exports of agricultural products to Turkey totaled $1.4 billion in 2018. Leading domestic export categories include: cotton ($682 million), tree nuts ($279 million), distillers grains ($191 million), soybeans ($79 million), and poultry meat & prods. (ex. eggs) ($43 million).
- U.S. exports of services to Turkey were an estimated $3.0 billion in 2017 (latest data available), 1.3% ($39 million) less than 2016, but 58.2% greater than 2007 levels. Leading services exports from the U.S. to Turkey were in the travel, intellectual property (industrial processes), and maintenance and repair services sectors.
- Turkey was the United States' 33rd largest supplier of goods imports in 2018.
- U.S. goods imports from Turkey totaled $10.3 billion in 2018, up 9.8% ($924 million) from 2017, and up 122.7% from 2008.
- The top import categories (2-digit HS) in 2018 were: machinery ($1.2 billion), vehicles ($1.1 billion), carpets and other textile coverings ($591 million), iron and steel ($559 million), and special other (returns) ($535 million).
- U.S. total imports of agricultural products from Turkey totaled $1.0 billion in 2018. Leading categories include: processed fruit & vegetables ($191 million), tobacco ($173 million), snack foods ($121 million), other vegetable oils ($116 million), and fruit & vegetable juices ($89 million).
- U.S. imports of services from Turkey were an estimated $1.8 billion in 2017 (latest data available), 0.1% ($1 million) more than 2016, and 29.8% greater than 2007 levels. Leading services imports from Turkey to the U.S. were in the transportation, travel, and intellectual property (industrial processes) sectors.
- The U.S. trade balance with Turkey shifted from a goods trade surplus of $328 million in 2017 to a goods trade deficit of $143 million in 2018.
- The United States has a services trade surplus of an estimated $1.2 billion with Turkey in 2017 (latest data available), down 3.3% from 2016.
- U.S. foreign direct investment (FDI) in Turkey (stock) was $4.3 billion in 2017 (latest data available), 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 (latest data available), 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 $4.4 billion in 2016 (latest data available), while sales of services in the United States by majority Turkey-owned firms were $99 million.