Turkey
Turkey is currently the United States' 39th largest trading partner in goods, exchanging $15 billion in 2008.
Turkey is currently our 35th largest goods trading partner with $14.8 billion in total (two way) goods trade during 2010. Goods exports totaled $10.5 billion; Goods imports totaled $4.2 billion. The U.S. goods trade surplus with Turkey was $6.3 billion in 2010.
Exports
Turkey was the United States' 26th largest goods export market in 2010.
U.S. goods exports to Turkey in 2010 were $10.5 billion, up 48.7% ($3.5 billion) from 2009, and up 283% from 1994.
The top export categories (2-digit HS) for 2010 were: Aircraft ($2.2 billion), Iron and Steel ($1.6 billion), Machinery ($1.0 billion), Cotton Yarn and Fabric ($867 million), and Mineral Fuel (oil) ($603 million).
U.S. exports of agricultural products to Turkey totaled $2.1 billion in 2010, the 9th largest U.S. Ag export market. Leading categories include: cotton ($862 million), soybeans ($250 million), tree nuts ($187 million), and rice ($185 million).
Imports
Turkey was the United States' 47th largest supplier of goods imports in 2010.
U.S. goods imports from Turkey totaled $4.2 billion in 2010, up 14.8 ($542 million) from 2009, and up 167% from 1994.
The top 5 imports categories (2-digit HS) for 2010 were: Machinery ($458 million), Vehicles ($453 million),Stone, Plaster, Cement (Travertine and Marble) ($254 million), and Miscellaneous Textile Articles ($198 million).
U.S. imports of agricultural products from Turkey totaled $423 million in 2010. Leading categories include: processed fruit and vegetables ($139 million), tobacco ($83 million), and snack foods ($53 million).
Trade Balance
The U.S. goods trade surplus with Turkey was $6.3 billion in 2010, a 84.8% increase ($2.9 billion) over 2009.
Investment
U.S. foreign direct investment (FDI) in Turkey (stock) was $6.3 billion in 2009 (latest data available), up 9.6% from 2008.
Reported U.S. direct investment in Turkey is led by the wholesale trade, and manufacturing sectors.
Turkey FDI in the United States (stock) was not available in 2009, (it was $218 million in 2007 ,latest data available).
The distribution of Turkey FDI in the U.S. is not available in 2009.
The United States and Turkey cooperate in the economic area through a number of agreements, including a Trade and Investment Framework Agreement and a Bilateral Investment Treaty.