Trading Partner Portal: Turkey

Overview

Trade Overview

Two-way trade in goods between the United States and Turkey was over $20.52 billion in 2018. Turkey is the United States’ 28th largest export destination with $10.19 billion in exports. Top imports into the United States from Turkey include transportation equipment, primary metal manufacturing, textile mills products, and food manufactures. Top exports from the United States to Turkey include transportation equipment, chemicals, waste and scrap, and agricultural products. U.S. Department of Commerce

Turkey is California’s 31st largest export destination. In 2018, California exported over $728.49 million to Turkey, an decrease from the previous year. Top exports included agricultural products, computer and electronic products, transportation equipment, and non-electrical machinery. California imports the following from Turkey: transportation equipment, food manufactures, apparel manufacturing products, and reimports. U.S. Department of Commerce

Turkey 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 2017 totaled $4.2 billion, while Turkish FDI in the US was $1.9 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