Turkey

Turkey ranked No. 32 in total trade value through November with a total of $19 billion. Exports totaled $9.22 billion and Imports totaled $9.78 billion, a deficit of $558.59 million.

January – November 2019

Top Trading Ports

Total Trade: $19 billion

RankPortTotal YTD
1Port of Newark $2,697,075,460
2Port of Houston $1,654,461,871
3John F. Kennedy International Airport $1,630,560,777
4Port of Savannah, Ga. $1,515,248,004
5Port of Everett, Wash. $1,101,564,543
6Port of Virginia $918,454,169
7Los Angeles International Airport $764,375,824
8Chicago O’Hare International Airport $690,807,526
9Port of Baltimore, Md. $563,329,631
10Port of New York $476,448,499

U.S. trade with Turkey rose to $19 billion through November

Turkey’s trade with the United States rose to $19 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.45 percent above its total trade during the same time period last year. U.S. exports to Turkey decreased 0.72 percent while U.S. imports from Turkey rose 3.57 percent. The U.S. deficit with Turkey was $558.59 million.

Through November, 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 Port of Everett, Wash.. During the same period the previous year, the top five 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 Port of Virginia. In the current time period, the top five accounted for 45.25 percent of Turkey’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 14.35 percent to $2.7 billion.
    Exports fell 5.68 percent to $497.79 million. Imports rose 20.12 percent to $2.2 billion.
  • Trade with No. 2 Port of Houston fell 16.65 percent to $1.65 billion.
    Exports fell 14.61 percent to $908.15 million. Imports fell 19.01 percent to $746.31 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 15.24 percent to $1.63 billion.
    Exports rose 25.02 percent to $896.55 million. Imports rose 5.19 percent to $734.01 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 7.47 percent to $1.52 billion.
    Exports rose 0.17 percent to $660.23 million. Imports rose 13.88 percent to $855.02 million.
  • Trade with No. 5 Port of Everett, Wash. rose 263.3 percent to $1.1 billion.
    Exports rose 263.3 percent to $1.1 billion. There were no imports.

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 $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Turkey by value through November 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 49.16 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; Gasoline, other fuels; Defense-related aircraft, parts; and Aircraft engines, engine parts –– accounted for 21.99 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 43.98 percent compared to last year to $2.3 billion.
  • Scrap iron, steel fell 8.25 percent compared to last year to $943.9 million.
  • Cotton fell 7.48 percent compared to last year to $615.87 million.
  • Petroleum gases, other gaseous hydrocarbons fell 7.12 percent compared to last year to $376.7 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 26 percent compared to last year to $295.46 million.

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

  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 14.53 percent compared to last year to $581.99 million.
  • Motor vehicles for transporting people fell 1.32 percent compared to last year to $473.49 million.
  • Gasoline, other fuels fell 2.57 percent compared to last year to $387.92 million.
  • Defense-related aircraft, parts rose 16.78 percent compared to last year to $355.32 million.
  • Aircraft engines, engine parts rose 23.56 percent compared to last year to $352.06 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.