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Turkey

Turkey ranked No. 32 in total trade value through December with a total of $20.53 billion. Exports totaled $10.19 billion and Imports totaled $10.34 billion, a deficit of $142.88 million.

January – December 2018

Top Trading Ports

Total Trade: $20.53 billion

RankPortTotal YTD
1Port of Newark $2,625,045,814
2Port of Houston $2,097,309,319
3John F. Kennedy International Airport $1,538,130,690
4Port of Savannah, Ga. $1,502,451,535
5Port of Virginia $1,220,772,735
6Chicago O’Hare International Airport $846,356,319
7Los Angeles International Airport $664,912,636
8Port of Baltimore, Md. $650,912,368
9Seattle-Tacoma International Airport $598,211,600
10Port of New Orleans $510,112,436

U.S. trade with Turkey rose to $20.53 billion through December

Turkey’s trade with the United States rose to $20.53 billion in 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.09 percent above its total trade during the previous year. Turkey’s exports increased 4.55 percent while imports rose 9.72 percent. The U.S. deficit with Turkey was $142.88 million.

Through December, 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 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 43.76 percent of Turkey’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 9.09 percent to $2.63 billion.
    Exports rose 5.07 percent to $566.57 million. Imports rose 10.25 percent to $2.06 billion.
  • Trade with No. 2 Port of Houston rose 4.45 percent to $2.1 billion.
    Exports fell 5.27 percent to $1.12 billion. Imports rose 18.43 percent to $974.81 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 8.8 percent to $1.54 billion.
    Exports rose 11.8 percent to $777.56 million. Imports rose 5.89 percent to $760.57 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 6.65 percent to $1.5 billion.
    Exports rose 13.26 percent to $699.43 million. Imports rose 1.48 percent to $803.02 million.
  • Trade with No. 5 Port of Virginia rose 3.72 percent to $1.22 billion.
    Exports fell 11.61 percent to $256.76 million. Imports rose 8.75 percent to $964.02 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 $4.21 trillion, up 8.33 percent compared to the same period last year. The nation’s exports climbed 7.59 percent to $1.66 trillion; imports climbed 8.82 percent to $2.54 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 $878.68 billion, up compared to the same period of last year when the deficit was $790 billion.

The top five U.S. exports to Turkey by value through December were the categories of Civilian aircraft, parts; Scrap iron, steel; Cotton; Petroleum gases, other gaseous hydrocarbons; and Coal, briquettes, respectively. They accounted for 44.41 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 22.43 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 20.51 percent compared to last year to $1.86 billion.
  • Scrap iron, steel rose 6.39 percent compared to last year to $1.09 billion.
  • Cotton fell 6.62 percent compared to last year to $681.87 million.
  • Petroleum gases, other gaseous hydrocarbons rose 63.52 percent compared to last year to $495.23 million.
  • Coal, briquettes rose 14.74 percent compared to last year to $403.61 million.

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

  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 24.63 percent compared to last year to $552.69 million.
  • Motor vehicles for transporting people fell 39.36 percent compared to last year to $540.92 million.
  • Value added to a returned import rose 81.44 percent compared to last year to $486.21 million.
  • Gasoline, other fuels rose 307.78 percent compared to last year to $398.22 million.
  • Motor vehicle parts rose 29.66 percent compared to last year to $340.72 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.