United States (USA) and Turkey (TUR) Trade

2023

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Exports $16.6BRnk 25 / 220

2023

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About

United States-Turkey Trade: In 2023, United States exported $16.6B to Turkey. The main products that United States exported to Turkey were Petroleum Gas ($1.9B), Scrap Iron ($1.84B), and Planes, Helicopters, and/or Spacecraft ($1.32B). Over the past 5 years the exports of United States to Turkey have increased at an annualized rate of 5.44%, from $12.7B in 2018 to $16.6B in 2023.

In 2017, United States exported services to Turkey worth $3.75B, with Transportation ($1.2B), Travel ($1.05B), and Financial services ($490M) being the largest in terms of value.

Turkey-United States Trade: In 2023, Turkey exported $15.9B to United States. The main products that Turkey exported to United States were Hand-Woven Rugs ($763M), Cement ($613M), and Motor vehicles; parts and accessories (8701 to 8705) ($590M). Over the past 5 years the exports of Turkey to United States have increased at an annualized rate of 9.49%, from $10.1B in 2018 to $15.9B in 2023.

In 2009, Turkey exported services to United States worth $533M, with Travel ($507M), Insurance services ($16.5M), and Other business services ($9.3M) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Company data: In 2023, leading companies such as Emser Tile (2.67k), IKEA Group (957), and Ford Motor Company (629) were at the forefront of exporting goods from Turkey to the United States. Conversely, Other (2.65k), Unknown (1.86k), and Ford Otomotiv Sanayi As (557) were notable for importing products to Turkey from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $1.52B and imported $1.33B from Turkey, resulting in a positive trade balance of $194M. Between November 2023 and November 2024 the exports of United States have increased by $398M (35.3%) from $1.13B to $1.52B, while imports increased by $60.4M (4.75%) from $1.27B to $1.33B.

Trade In November 2024, the top exports of United States to Turkey were Petroleum Gas ($374M), Scrap Iron ($84.3M), Aircraft parts (gliders, balloons, and powered... ($70M), Raw Cotton ($63.1M), and Ethylene Polymers ($36.1M). In November 2024 the top imports of United States from Turkey were Hand-Woven Rugs ($68.1M), Commodities not elsewhere specified ($63.9M), Cement ($63.2M), Motor vehicles; parts and accessories (8701... ($57.8M), and Cars ($55.2M).

Origins In November 2024 the exports of United States were mainly from Texas ($386M), Louisiana ($253M), California ($123M), New York ($83.7M), and Michigan ($66.3M), while imports destinations were mainly New Jersey ($176M), Georgia ($144M), Texas ($135M), New York ($126M), and Florida ($90.8M).

Growth In November 2024, the increase in United States's year-by-year exports to Turkey was explained primarily by an increase in product exports in Vinyl Chloride Polymers ($18.3M or 200%), Gas Turbines ($15.9M or 235%), and Raw Cotton ($14.3M or 29.2%). In November 2024, the increase in United States's year-by-year imports from Turkey was explained primarily by an increase in product imports in Cement ($28.4M or 81.7%), Commodities not elsewhere specified ($26.4M or 70.5%), and Motor vehicles; parts and accessories (8701... ($22.1M or 61.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$398M(35.3%)

IMPORT GROWTH (November 2023 - November 2024)$60.4M(4.75%)

MAIN EXPORTER (November 2024)Texas$386M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Turkey and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $16.6B to Turkey. The main products exported from United States to Turkey were Petroleum Gas ($1.9B), Scrap Iron ($1.84B), and Planes, Helicopters, and/or Spacecraft ($1.32B). During the last 5 years the exports of United States to Turkey have increased at an annualized rate of 5.44%, from $12.7B in 2018 to $16.6B in 2023.

In 2018, Turkey exported $15.9B to United States. The main products exported from Turkey to United States were Hand-Woven Rugs ($763M), Cement ($613M), and Motor vehicles; parts and accessories (8701 to 8705) ($590M). During the last 5 years the exports of Turkey to United States have increased at an annualized rate of 9.49%, from $10.1B in 2023 to $15.9B in 2018.

Exports from United States () to Turkey () (2023)

Exports from Turkey () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Turkey
Top DestinationGermany$24.7B

This map shows whether countries import more from United States or Turkey. Each country is colored based on the difference in imports they receive from United States and Turkey or the difference in the growth in imports.

In 2023, countries that imported more from United States than Turkey included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Turkey than United States included Iraq ($12.8B), Russia ($10.8B), and Romania ($6.53B).

Difference in imports from Turkey () and United States () (2023)

Comparative Advantage United States - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Turkey by product, considering products traded by both, United States and Turkey.

During 2023, United States had a large net trade with Turkey in the exports of Mineral Products ($2.79B), Metals ($2.61B), and Machines ($2.6B).

During 2018, Turkey had a large net trade with United States in the exports of Textiles ($2.68B), Machines ($2.49B), and Metals ($1.53B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Turkey+$303MGold

Top Product Potential Turkey United States+$484MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Turkey. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over United States.

Product Space of United States () and Turkey () (2023)

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