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

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