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Turkey

Turkey ranked No. 32 in total trade value through May with a total of $8.3 billion. Exports totaled $3.96 billion and Imports totaled $4.34 billion, a deficit of $375.52 million.

January – May 2019

Top Trading Ports

Total Trade: $8.3 billion

RankPortTotal YTD
1Port of Newark $1,235,411,060
2Port of Houston $780,143,767
3John F. Kennedy International Airport $718,313,835
4Port of Savannah, Ga. $705,336,391
5Port of Virginia $408,970,702
6Chicago O’Hare International Airport $326,209,763
7Seattle-Tacoma International Airport $280,521,599
8Los Angeles International Airport $269,389,437
9Port of Baltimore, Md. $255,073,169
10Cleveland’s Hopkins International Airport, Ohio $208,314,572

U.S. trade with Turkey rose to $8.3 billion through May

Turkey’s trade with the United States rose to $8.3 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.02 percent below its total trade during the same time period last year. U.S. exports to Turkey decreased 7.69 percent while U.S. imports from Turkey rose 3.8 percent. The U.S. deficit with Turkey was $375.52 million.

Through May, 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 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 46.37 percent of Turkey’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 20.92 percent to $1.24 billion.
    Exports rose 3.47 percent to $224.43 million. Imports rose 25.63 percent to $1.01 billion.
  • Trade with No. 2 Port of Houston fell 22.97 percent to $780.14 million.
    Exports fell 21.82 percent to $461.68 million. Imports fell 24.57 percent to $318.47 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 17.47 percent to $718.31 million.
    Exports rose 20.74 percent to $382.39 million. Imports rose 13.96 percent to $335.92 million.
  • Trade with No. 4 Port of Savannah, Ga. fell 0.71 percent to $705.34 million.
    Exports fell 13.44 percent to $332.07 million. Imports rose 14.24 percent to $373.26 million.
  • Trade with No. 5 Port of Virginia fell 25.27 percent to $408.97 million.
    Exports fell 36.51 percent to $82.31 million. Imports fell 21.78 percent to $326.66 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. 31.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 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 $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Turkey by value through May 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 43.17 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; Defense-related aircraft, parts; Jewelry, parts; and Motor vehicle parts –– accounted for 22.01 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 50.87 percent compared to last year to $630.66 million.
  • Scrap iron, steel fell 19.03 percent compared to last year to $396.08 million.
  • Cotton fell 18.95 percent compared to last year to $371.07 million.
  • Petroleum gases, other gaseous hydrocarbons rose 17.33 percent compared to last year to $199.75 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. fell 8.05 percent compared to last year to $112.87 million.

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

  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 8.54 percent compared to last year to $252.51 million.
  • Motor vehicles for transporting people fell 21.21 percent compared to last year to $218.5 million.
  • Defense-related aircraft, parts rose 24.16 percent compared to last year to $165.22 million.
  • Jewelry, parts rose 61.34 percent compared to last year to $164.11 million.
  • Motor vehicle parts rose 5.08 percent compared to last year to $154.21 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.