Turkey
Turkey is currently our 32nd largest goods trading partner with $19.9 billion in total (two way) goods trade during 2011. Goods exports totaled $14.6 billion; Goods imports totaled $5.2 billion. The U.S. goods trade surplus with Turkey was $9.4 billion in 2011.
Exports
Turkey was the United States' 21st largest goods export market in 2011.
U.S. goods exports to Turkey in 2011 were $14.6 billion, up 38.7% ($4.1 billion) from 2010, and up 292% from 2000.
The top export categories (2-digit HS) for 2011 were: Aircraft ($2.9 billion), Iron and Steel ($2.5 billion), Mineral Fuel (oil) ($2.1 billion) Cotton Yarn and Fabric ($1.2 billion), and Machinery ($952 million).
U.S. exports of agricultural products to Turkey totaled $2.5 billion in 2011, the 10th largest U.S. Ag export market. Leading categories include: cotton ($1.2 billion), wheat ($238 million), tree nuts ($226 million), and live animals ($209 million).
Imports
Turkey was the United States' 45th largest supplier of goods imports in 2011.
U.S. goods imports from Turkey totaled $5.2 billion in 2011, up 24.1% ($1.0 billion) from 2010, and up 72% from 2000.
The top 5 imports categories (2-digit HS) for 2011 were: Vehicles ($662 million), Machinery ($544 million), Iron and Steel ($401 million), Stone, Plaster, Cement (Travertine and Marble) ($280 million), and Iron and Steel Products ($220 million).
U.S. imports of agricultural products from Turkey totaled $497 million in 2011. Leading categories include: processed fruit and vegetables ($149 million), tobacco ($106 million), and snack foods ($89 million).
Trade Balance
The U.S. goods trade surplus with Turkey was $9.4 billion in 2011, a 48.5% increase ($3.1 billion) over 2010.
Historical Trade Data
U.S. Goods Trade with Turkey (in billion of dollars)
|
1980 |
1985 |
1990 |
1994 |
2000 |
2008 |
2009 |
2010 |
2011 |
Balance |
0.4 |
0.7 |
1.1 |
1.2 |
0.7 |
5.3 |
3.4 |
6.3 |
9.4 |
Exports |
0.5 |
1.3 |
2.2 |
2.8 |
3.7 |
10.0 |
7.1 |
10.5 |
14.6 |
Imports |
0.2 |
0.6 |
1.2 |
1.6 |
3.0 |
4.6 |
3.7 |
4.2 |
5.2 |
Investment
U.S. foreign direct investment (FDI) in Turkey (stock) was $5.7 billion in 2010 (latest data available), up 12.9% from 2009.
Reported U.S. direct investment in Turkey is led by the banking, and manufacturing sectors.
Turkey FDI in the United States (stock) was not available in 2010 (latest data available), (it was $165 million in 2007).
NOTE: No services trade data with Turkey is available.