Trading Partner Portal: Turkey

Overview

Trade Overview

Two-way trade in goods between the United States and Turkey was over $19.17 billion in 2017. Turkey is the United States’ 28th largest export destination with $9.75 billion in exports. Top imports into the United States from Turkey include transportation equipment, primary metal manufacturing, textile mills products, and nonmetallic mineral products. Top exports from the United States to Turkey include transportation equipment, agricultural products, waste and scrap, and chemicals. U.S. Department of Commerce​

Turkey is California’s 29th largest export destination. In 2017, California exported over $851.9 million to Turkey, an increase over the previous year. Top exports included agricultural products, computer and electronic products, transportation equipment, and fabricated metal products. California imports the following from Turkey: transportation equipment, apparel manufacturing products, nonmetallic mineral products, and food manufactures. U.S. Department of Commerce

California Exports to TurkeyTurkey is the fifteenth most attractive destination for Foreign Direct Investment (FDI) in the world, according to the United Nations Conference on Trade and Development World Investment Prospects Survey, and is predicted to be the fastest growing economy among OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent. Turkey is a burgeoning economic power not only in its region, but across the globe.​

US FDI in Turkey in 2016 totaled $3 billion, while Turkish FDI in the US was $1.3 billion. Turkish FDI supported about 3,500 jobs and contributed $27 million to expanding US exports. Turkey is the 9th fastest-growing source of FDI in the US in 2016. The top industry sectors for Turkish FDI are: metals, consumer products, textiles, chemicals, software and IT services, and business services. Select USA

Useful links

USTR Turkey Page

Fact Sheet on U.S. – Turkish Economic and Commercial Cooperation 2011 – 2012
US Department of Commerce, December 2012

Turkish Market Holds Opportunity for U.S. Businesses
ITA Blog, December 12, 2012

Joint Statement by the United States and Turkey from the Framework for Strategic Economic and Commercial Cooperation
USTR Press Release, June 26, 2012

Weekly Trade Spotlight: U.S.-Turkey Trade and Investment Relations
USTR Blog, June 25, 2012

Remarks by U.S. Trade Representative Ron Kirk to the American-Turkish Council
USTR, June 12, 2012

United States and Turkey Work to Strengthen Ties, Expand Trade and Investment Relationship at TIFA Meeting
USTR Press Release, July 2011

U.S. Companies in Turkey: Success Stories 2010-2011
US Commercial Service, Summer/Fall 2011

Secretary Locke, Ambassador Kirk Meet With Turkish Counterparts to Discuss Progress of U.S.-Turkey Commercial Relationship
Commerce Blog, October 19, 2010

Obama Trade Officials, Turkish Counterparts Announce New Initiatives to Strengthen U.S.-Turkey Commercial Relations
USTR Press Release, October 2010

United States, Turkey Hold Seventh Meeting of U.S.-Turkey Trade and Investment Council
USTR Press Release, July 2010