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Turkey

Turkey ranked No. 32 in total trade value through March with a total of $4.98 billion. Exports totaled $2.4 billion and Imports totaled $2.58 billion, a deficit of $176.29 million.

January – March 2019

Top Trading Ports

Total Trade: $4.98 billion

RankPortTotal YTD
1Port of Newark $758,442,139
2Port of Houston $434,001,143
3John F. Kennedy International Airport $411,675,006
4Port of Savannah, Ga. $377,533,942
5Seattle-Tacoma International Airport $267,018,822
6Port of Virginia $235,198,987
7Chicago O’Hare International Airport $178,570,466
8Los Angeles International Airport $174,443,991
9Port of Baltimore, Md. $167,104,900
10Cleveland’s Hopkins International Airport, Ohio $133,398,337

U.S. trade with Turkey rose to $4.98 billion through March

Turkey’s trade with the United States rose to $4.98 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.24 percent above its total trade during the same time period last year. Turkey’s exports decreased 5.75 percent while imports rose 6.55 percent. The U.S. deficit with Turkey was $176.29 million.

Through March, 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 John F. Kennedy International Airport; No. 4 Port of Savannah, Ga.; and No. 5 Seattle-Tacoma International Airport. 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 45.14 percent of Turkey’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 18.85 percent to $758.44 million.
    Exports fell 3.72 percent to $138.95 million. Imports rose 25.44 percent to $619.49 million.
  • Trade with No. 2 Port of Houston fell 25.97 percent to $434 million.
    Exports fell 22.17 percent to $265.52 million. Imports fell 31.26 percent to $168.48 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 13.62 percent to $411.68 million.
    Exports rose 13.23 percent to $225.06 million. Imports rose 14.1 percent to $186.61 million.
  • Trade with No. 4 Port of Savannah, Ga. fell 3.44 percent to $377.53 million.
    Exports fell 20.13 percent to $167.3 million. Imports rose 15.81 percent to $210.23 million.
  • Trade with No. 5 Seattle-Tacoma International Airport rose 985.08 percent to $267.02 million.
    Exports rose 1207.9 percent to $256.66 million. Imports rose 107.81 percent to $10.36 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. 32.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Turkey by value through March were the categories of Civilian aircraft, parts; Scrap iron, steel; Cotton; Petroleum gases, other gaseous hydrocarbons; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 46.67 percent of total exports to Turkey.

The value of the top five categories of U.S. imports from Turkey –– Motor vehicles for transporting people; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; Value added to a returned import; Defense-related aircraft, parts; and Aircraft engines, engine parts –– accounted for 23.69 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 112.38 percent compared to last year to $480.44 million.
  • Scrap iron, steel fell 24.73 percent compared to last year to $236.34 million.
  • Cotton fell 33.89 percent compared to last year to $169.06 million.
  • Petroleum gases, other gaseous hydrocarbons rose 17.1 percent compared to last year to $150.27 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 2.27 percent compared to last year to $85.15 million.

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

  • Motor vehicles for transporting people fell 29.26 percent compared to last year to $163.73 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 12.76 percent compared to last year to $150.16 million.
  • Value added to a returned import rose 57.53 percent compared to last year to $111.89 million.
  • Defense-related aircraft, parts rose 30.27 percent compared to last year to $93.87 million.
  • Aircraft engines, engine parts rose 42.52 percent compared to last year to $91.43 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.