Trading Partner Portal: Turkey
Overview
Trade Overview
Two-way trade in goods between the United States and Turkey was over $30.05 billion in 2023. Turkey is the United States’ 26th largest export destination with $14.69 billion in exports. Top exports from the United States to Turkey include transportation equipment ($3.17 billion), chemicals ($2.13 billion), oil and gas ($1.79 billion), waste and scrap ($1.55 billion), and agricultural products ($1.24 billion).
Imports from Turkey into the U.S. totaled $15.5 billion in 2023. Top imports into the United States from Turkey include transportation equipment ($1.66 billion), processed foods ($1.5 billion), primary metals manufactures ($1.45 billion), nonmetallic mineral products ($1.32 billion), and non-electrical machines ($1.12 billion). U.S. Department of Commerce
California – Turkey Trade
Turkey is California’s 31st largest export destination. In 2023, California exported over $1.02 billion to Turkey. Top exports included agricultural products ($500 million), computer and electronic products ($144 million), transportation equipment ($102 million), primary metals manufactures ($74 million), and non-electrical machinery ($45 million).
California imported $1.13 billion from Turkey in 2023. Top imports were apparel and accessories ($203 million), processed foods ($118 million), electrical equipment, appliances and components ($100 million), primary metals ($99 million), and miscellaneous manufactures ($98 million). U.S. Department of Commerce
FDI- Turkey
U.S. FDI in Turkey in 2023 totaled $6.3 billion, while Turkish FDI in the U.S. was $2.2 billion. In 2021, Turkish FDI supported 4,300 jobs and $37 million in expanding U.S. exports. The top industry sectors for Turkish FDI are metals, consumer products, transportation, business services, and software & IT services. (Select USA)
More Articles:
U.S. Relations with Turkey
United States Department of State -2023
US, Turkey kick off comprehensive talks to explore improving troubled ties
Reuters, March 6, 2024