Trading Partner Portal: Turkey
Overview
Trade Overview
The Republic of Turkey, also known as Türkiye, is a country situated at a crossroads of the Balkans, Caucasus, Middle East, and the Mediterranean. It is considered both a European and Asian country, with most of its territory in Asia.
It boasts a large mixed economy of both state and private enterprise and has the 11th largest GDP based on purchasing power parity (PPP). Its GDP as of 2024 is $1.32 trillion, and its population totaled 85.52 million people. U.S. Department of Commerce, World Bank
U.S. – Turkey Trade
Two-way trade in goods between the United States and Turkey was $32.13 billion in 2024. Turkey is the United States’ 26th largest export destination with $15.38 billion in exports. Top exports from the United States to Turkey include chemicals ($2.67 billion), transportation equipment ($2.65 billion), oil and gas ($2.07 billion), waste and scrap ($1.68 billion), and agricultural products ($1.32 billion).
Imports from Turkey into the U.S. totaled $16.75 billion in 2024. Top imports into the United States from Turkey include transportation equipment ($1.87 billion), processed foods ($1.62 billion), fabricated metal products ($1.28 billion), nonmetallic mineral products ($1.22 billion), and non-electrical machinery ($1.22 billion). U.S. Department of Commerce
California – Turkey Trade
Turkey is California’s 28th largest export destination. In 2024, California exported over $1.19 billion to Turkey. Top exports included agricultural products ($537 million), transportation equipment ($176 million), computer and electronic products ($146 million), primary metals manufactures ($79 million), and non-electrical machinery ($60 million).
California imported $1.05 billion from Turkey in 2024. Top imports were apparel and accessories ($191 million), processed foods ($151 million), miscellaneous manufactures ($103 million), nonmetallic mineral products ($84 million), and transportation equipment ($71 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 -2025
US, Turkey kick off comprehensive talks to explore improving troubled ties
Reuters, March 6, 2024