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.
Top Trading Ports
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of Newark | $2.1 B |
| 2 | Port of Houston | $1.87 B |
| 3 | Port of Savannah, Ga. | $1.33 B |
| 4 | John F. Kennedy International Airport | $1.29 B |
| 5 | Port of Virginia | $1.02 B |
| 6 | Chicago O'Hare International Airport | $698.98 M |
| 7 | Los Angeles International Airport | $544.53 M |
| 8 | Port of Baltimore, Md. | $518.22 M |
| 9 | Port of New Orleans | $453.13 M |
| 10 | Port of New York | $420.26 M |
Top Exports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Civilian aircraft, parts | $1.21 B |
| 2 | Scrap iron, steel | $933.19 M |
| 3 | Cotton | $661.17 M |
| 4 | Coal, briquettes | $381.73 M |
| 5 | Petroleum gases, other gaseous hydrocarbons | $328.21 M |
| 6 | Petroleum products | $270.56 M |
| 7 | Sugar and starch residues | $202.85 M |
| 8 | Almonds, walnuts, pistachios, hazelnuts, etc. | $187.11 M |
| 9 | Defense-related aircraft, parts | $174.97 M |
| 10 | Chemical wood pulp, not dissolving grade | $155.61 M |
Top Imports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 | $454.62 M |
| 2 | Motor vehicles for transporting people | $428.18 M |
| 3 | Value added to a returned import | $410.04 M |
| 4 | Gasoline, other fuels | $398.1 M |
| 5 | Motor vehicle parts | $283.53 M |
| 6 | Defense-related aircraft, parts | $272.95 M |
| 7 | Aircraft engines, engine parts | $253.42 M |
| 8 | Granite, marble, other stones | $242.33 M |
| 9 | Jewelry, parts | $236.21 M |
| 10 | Iron and steel bars, hot-worked | $195.44 M |
Top Trading Ports
Total Trade: $16.88 billion
| Rank | Port | Total YTD |
|---|---|---|
| 1 | Port of Newark | $2,103,540,788 |
| 2 | Port of Houston | $1,866,127,984 |
| 3 | Port of Savannah, Ga. | $1,327,780,827 |
| 4 | John F. Kennedy International Airport | $1,288,195,618 |
| 5 | Port of Virginia | $1,018,982,588 |
| 6 | Chicago O’Hare International Airport | $698,979,274 |
| 7 | Los Angeles International Airport | $544,533,439 |
| 8 | Port of Baltimore, Md. | $518,220,941 |
| 9 | Port of New Orleans | $453,132,065 |
| 10 | Port 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.