2017 : us trade in goods with turkey note: all figures are in millions of us dollars on a nominal basis, not seasonally adjusted unless otherwise specified details may not equal totals due to rounding table reflects only those months for which there was trade. Turkey borders iran, iraq, and syria, and is a key partner for us policy in the surrounding region bilateral economic relations although overall us-turkey trade jumped from $108 billion in 2009 to $174 billion in 2015, it remains modest compared to its potential.
2018 : us trade in goods with turkey note: all figures are in millions of us dollars on a nominal basis, not seasonally adjusted unless otherwise specified details may not equal totals due to rounding table reflects only those months for which there was trade. The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure turkey exports 369 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market.
Contagion effect: the political economy of the suitcase trade between turkey and russia” supported in 2001—2002 by the international research & exchanges board (irex) with funds provided by the starr foundation in frame-work of “black and caspian sea collaborative research program.
Annual trade has exceeded $8 billion and, thanks to rapprochement between the state and substate actors, iraq has become the second-largest market for turkish exports after germany 22 as turkey's energy demand grows, production capacity in northern iraq for future economic partnership is very high 23 this has caused the lessening of political tensions between ankara and erbil, running high at one time. Nevertheless, it is the oil pipeline between the krg and turkey that creates new tensions between baghdad and erbil the landlocked krg has occasionally been able to strike temporary political agreements with baghdad to feed oil into the existing iraq-turkey pipeline (itp), but such deals have lost momentum. Turkey also is an observer to the organization of american states and a dialogue partner of the shanghai cooperation organization bilateral representation the position of us ambassador to turkey is currently vacant other principal embassy officials are listed in the department's key officers list.
The eu is by far turkey's number one import and export partner eu exports to turkey are dominated by machinery and transport material, chemical products and manufactured goods turkey's exports to the eu are mostly machinery and transport equipment, followed by manufactured goods. The trade between turkey and norway shows many characters from very diverse theories the heckscher-ohlin approach focuses on factor endowments and natural resources in this sense norway is the capital-abundant country and turkey is the labor-abundant country.
Turkey is the 29th largest export economy in the world in 2016, turkey exported $156b and imported $186b, resulting in a negative trade balance of $296b in 2016 the gdp of turkey was $863b and its gdp per capita was $252k.
Balance of trade in turkey averaged -170571 usd million from 1957 until 2018, reaching an all time high of 2451 usd million in december of 1971 and a record low of -1045306 usd million in september of 2011 the turkish trade balance has been in deficit since 1947.