In 2019, Turkey GDP was an estimated $743.7 billion (current market exchange rates); real GDP was up by an estimated 0.9%; and the population was 83 million. (Source: IMF)
U.S. goods and services trade with Turkey totaled an estimated $26.8 billion in 2019. Exports were $14.2 billion; imports were $12.6 billion. The U.S. goods and services trade surplus with Turkey was $1.6 billion in 2019.
Turkey is currently our 32nd largest goods trading partner with $20.7 billion in total (two way) goods trade during 2019. Goods exports totaled $10.0 billion; goods imports totaled $10.6 billion. The U.S. goods trade deficit with Turkey was $598 million in 2019.
Trade in services with Turkey (exports and imports) totaled an estimated $6.1 billion in 2019. Services exports were $4.2 billion; services imports were $2.0 billion. The U.S. services trade surplus with Turkey was $2.2 billion in 2019.
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 2019.
- U.S. goods exports to Turkey in 2019 were $10.0 billion, down 2.2% ($221 million) from 2018 but up 41.4% from 2009.
- The top export categories 2-digit HS) in 2019 were: aircraft ($2.6 billion), iron and steel ($1.1 billion), mineral fuels ($769 million), machinery ($667 million), and cotton ($651 million).
- U.S. total exports of agricultural products to Turkey totaled $1.3 billion in 2019, our 21st largest agricultural export market. Leading domestic export categories include: cotton ($648 million), tree nuts ($340 million), distillers grains ($119 million), feeds and fodders not elsewhere specified or indicated ($36 million), and poultry meat and products (excluding eggs) ($26 million).
- U.S. exports of services to Turkey were an estimated $4.2 billion in 2019, 1.7% ($74 million) less than 2018, but 121% greater than 2009 levels. Leading services exports from the U.S. to Turkey were in the travel, intellectual property (industrial processes), and maintenance and repair services sector.
- Turkey was the United States' 32nd largest supplier of goods imports in 2019.
- U.S. goods imports from Turkey totaled $10.6 billion in 2019, up 3.1% ($323 million) from 2018, and up 190.3% from 2009.
- The top import categories (2-digit HS) in 2019 were: machinery ($1.3 billion), vehicles ($1.1 billion), carpets and other textile coverings ($689 million), mineral fuels ($542 million), and stone, plaster, cement ($411 million).
- U.S. total imports of agricultural products from Turkey totaled $901 million in 2019. Leading categories include: processed fruit & vegetables ($184 million), snack foods ($148 million), fruit & vegetable juices ($132 million), other vegetable oils ($62 million), and tobacco ($57 million).
- U.S. imports of services from Turkey were an estimated $2.0 billion in 2019, 5.7% ($105 million) more than 2018, and 34.6% greater than 2009 levels. Leading services imports from Turkey to the U.S. were in the transportation, travel, and technical and other services sectors.
- The U.S. goods trade deficit with Turkey was $598 million in 2019, a 1,019.3% increase ($545 million) over 2018.
- The United States has a services trade surplus of an estimated $2.2 billion with Turkey in 2019, down 7.4% from 2018.
- U.S. foreign direct investment (FDI) in Turkey (stock) was $3.3 billion in 2019, a 14.6% decrease from 2018. U.S. direct investment in Turkey is led by manufacturing, wholesale trade, and depository institutions.
- Turkey's FDI in the United States (stock) was $2.3 billion in 2019, up 7.6% from 2018. 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 $4.2 billion in 2017 (latest data available), while sales of services in the United States by majority Turkey-owned firms were $101 million.