Flag United States / Turkey Flag

Exports Flag β†’ Flag  (2018): $10.6B, Rnk 27 / 215

Top Product Flag β†’ Flag (2018): $1.17B, Scrap Iron

Exports Flag β†’ Flag (2018): $8.57B, Rnk 4 / 205

Top Product Flag β†’ Flag (2018): $534M, Hand-Woven Rugs

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $771B, CURRENT US$
Rnk 19 / 196

GDP GROWTH Flag (2008-2018): 0.92%, CURRENT US$
Rnk 162 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $9,370, CURRENT US$
Rnk 80 / 196

GDP PC GROWTH Flag (2008-2018): -13.7%, CURRENT US$
Rnk 172 / 196

United States-Turkey: In 2018, United States exported $10.6B to Turkey. The main products exported from United States to Turkey were Scrap Iron ($1.17B), Planes, Helicopters, and/or Spacecraft ($985M), and Gas Turbines ($728M). During the last 23 years the exports of United States to Turkey have increased at an annualized rate of 4.7%, from $3.7B in 1995 to $10.6B in 2018.

Turkey-United States: In 2018, Turkey exported $8.57B to United States. The main products exported from Turkey to United States were Hand-Woven Rugs ($534M), Cars ($363M), and Gas Turbines ($324M). During the last 23 years the exports of Turkey to United States have increased at an annualized rate of 6.91%, from $1.84B in 1995 to $8.57B in 2018. In 2011, Turkey exported services to United States worth $691M, with Travel ($653M), Insurance services ($28.8M), and Other business services ($9.3M) being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Turkey was ranked 80 with a GDP Per Capita of $9,370.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $10.6B to Turkey. The main products exported from United States to Turkey were Scrap Iron ($1.17B), Planes, Helicopters, and/or Spacecraft ($985M), and Gas Turbines ($728M). During the last 23 years the exports of United States to Turkey have increased at an annualized rate of 4.7%, from $3.7B in 1995 to $10.6B in 2018.

In 2018, Turkey exported $8.57B to United States. The main products exported from Turkey to United States were Hand-Woven Rugs ($534M), Cars ($363M), and Gas Turbines ($324M). During the last 23 years the exports of Turkey to United States have increased at an annualized rate of 6.91%, from $1.84B in 1995 to $8.57B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Turkey
Top Destination
: Germany, $16.6B

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 2018, countries that imported more from United States than Turkey were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Turkey than United States were Iraq ($8.35B), Romania ($4.02B), and Bulgaria ($2.48B).

Comparative Advantage United States - Turkey

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Depth

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

During 2018, United States had a large net trade with Turkey in the exports of Machines ($2.02B), Metals ($1.49B), and Transportation ($1.48B).

During 2018, Turkey had a large net trade with United States in the exports of Textiles ($1.58B), Transportation ($1.38B), and Metals ($1.27B).

Tariff Section

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This sections shows import tariffs for products traded between United States and Turkey (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Turkey were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Turkey that paid the highest import tariffs to enter United States were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

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*The tariffs present between United States and Turkey are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States and Turkey. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2011, Turkey exported services to United States worth $691M, with Travel ($653M), Insurance services ($28.8M), and Other business services ($9.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Turkey. Similarly, the more red a dot/product is, the more Turkey has comparative advantage over United States.