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Turkey

Turkey ranked No. 32 in total trade value through October with a total of $16.88 billion. Exports totaled $8.28 billion and Imports totaled $8.6 billion, a deficit of $325.81 million.

January – October 2018

Top Trading Ports

Total Trade: $16.88 billion

RankPortTotal YTD
1Port of Newark $2,103,540,788
2Port of Houston $1,866,127,984
3Port of Savannah, Ga. $1,327,780,827
4John F. Kennedy International Airport $1,288,195,618
5Port of Virginia $1,018,982,588
6Chicago O’Hare International Airport $698,979,274
7Los Angeles International Airport $544,533,439
8Port of Baltimore, Md. $518,220,941
9Port of New Orleans $453,132,065
10Port of New York $420,262,194

U.S. trade with Turkey rose to $16.88 billion through October

Turkey’s trade with the United States rose to $16.88 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.69 percent above its total trade during the same time period last year. Turkey’s exports increased 7.42 percent while imports rose 9.95 percent. The U.S. deficit with Turkey was $325.81 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Savannah, Ga.; No. 4 John F. Kennedy International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Houston No. 3 Port of Savannah, Ga. No. 4 John F. Kennedy International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 45.04 percent of Turkey’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 7.58 percent to $2.1 billion.
    Exports rose 4.02 percent to $461.39 million. Imports rose 8.62 percent to $1.64 billion.
  • Trade with No. 2 Port of Houston rose 5.66 percent to $1.87 billion.
    Exports fell 3.98 percent to $990.97 million. Imports rose 19.2 percent to $875.16 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 11.53 percent to $1.33 billion.
    Exports rose 21.38 percent to $636.95 million. Imports rose 3.76 percent to $690.83 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 10.36 percent to $1.29 billion.
    Exports rose 13.1 percent to $655.01 million. Imports rose 7.67 percent to $633.19 million.
  • Trade with No. 5 Port of Virginia rose 12.87 percent to $1.02 billion.
    Exports rose 4.24 percent to $230.51 million. Imports rose 15.67 percent to $788.47 million.

Turkey ranked No. 32 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 33.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Turkey by value through October were the categories of Civilian aircraft, parts; Scrap iron, steel; Cotton; Coal, briquettes; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 42.39 percent of total exports to Turkey.

The value of the top five categories of U.S. imports from Turkey –– Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; Motor vehicles for transporting people; Value added to a returned import; Gasoline, other fuels; and Motor vehicle parts –– accounted for 22.95 percent of all inbound shipments.

Looking more closely at U.S. exports to Turkey:

  • Civilian aircraft, parts rose 15.03 percent compared to last year to $1.21 billion.
  • Scrap iron, steel rose 17.32 percent compared to last year to $933.19 million.
  • Cotton fell 2.9 percent compared to last year to $661.17 million.
  • Coal, briquettes rose 19.87 percent compared to last year to $381.73 million.
  • Petroleum gases, other gaseous hydrocarbons rose 72.48 percent compared to last year to $328.21 million.

Looking more closely at U.S. imports from Turkey:

  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 28.51 percent compared to last year to $454.62 million.
  • Motor vehicles for transporting people fell 35.63 percent compared to last year to $428.18 million.
  • Value added to a returned import rose 78.02 percent compared to last year to $410.04 million.
  • Gasoline, other fuels rose 307.97 percent compared to last year to $398.1 million.
  • Motor vehicle parts rose 32.43 percent compared to last year to $283.53 million.

In the latest annual figures available, Turkey recorded $19.17 billion in trade with the United States. At year’s end, its were New York City; Houston; Atlanta/Savannah; Los Angeles; and New Orleans. Total U.S. exports to Turkey were $ 9.75 billion and imports from Turkey were $9.42 billion. The U.S. surplus with Turkey was $329.55 million.