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Turkey

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Turkey is currently our 34th largest goods trading partner with $18.7 billion in total (two way) goods trade during 2013. Goods exports totaled $12.1 billion; Goods imports totaled $6.7 billion. The U.S. goods trade surplus with Turkey was $5.4 billion in 2013.

Exports

Turkey was the United States' 26th largest goods export market in 2013.

U.S. goods exports to Turkey in 2013 were $12.1 billion, down 3.6% ($454 million) from 2012, but up 316% from 2003.

The top export categories (2-digit HS) for 2013 were: Mineral Fuel (oil) ($2.0 billion), Iron and Steel ($1.9 billion), Aircraft ($1.3 billion), Machinery ($1.0 billion), and Cotton Yarn and Fabric ($801 million).

U.S. exports of agricultural products to Turkey totaled $2.1 billion in 2013, the 11th largest U.S. Ag export market. Leading categories include: cotton ($797 million), tree nuts ($282 million), soybean meal ($215 million), and soybeans ($156 million).

Imports

Turkey was the United States' 41st largest supplier of goods imports in 2013.

U.S. goods imports from Turkey totaled $6.7 billion in 2013, up 6.0% ($378 billion) from 2012, and up 76% from 2003.

The top 5 imports categories (2-digit HS) for 2013 were: Vehicles ($818 million), Machinery ($790 million), Iron and Steel ($521 million), Iron and Steel Products ($338 million), and  Stone, Plaster, Cement (Travertine and Marble) ($335 million).

U.S. imports of agricultural products from Turkey totaled $740 million in 2013. Leading categories include: tobacco ($162 million), processed fruit and vegetables ($158 million), and vegetable oils ($101 million).

Trade Balance

The U.S. goods trade surplus with Turkey was $5.4 billion in 2013, a 13.3% decrease ($831 million) over 2012.

Investment

U.S. foreign direct investment (FDI) in Turkey (stock) was $6.0 billion in 2012 (latest data available),   up 24.3% from 2011.

Reported U.S. direct investment in Turkey is led by the manufacturing and wholesale trade sectors.

Turkey FDI in the United States (stock) was $655 million in 2012 (latest data available), down 9.9% from 2011.

The distribution of Turkey FDI in the United States was not available.


*NOTE: No services trade data with Turkey is available.

4/29/14