Turkey-US Trade Hits 54% Increase, 100 Billion Dollar Target in Sight

Trade between Turkey and the United States hit a record high of $28.7 billion in the first eight months of 2023, up 54% from the same period last year. The increase was driven by strong demand for Turkish goods in the US, particularly in the automotive, machinery, and chemical sectors.

The two countries have set a target of reaching $100 billion in annual trade by 2024. To achieve this goal, they are working to improve cooperation in areas such as energy, investment, and tourism.

The strong trade relationship between Turkey and the US is mutually beneficial. It helps to create jobs and boost economic growth in both countries. It also helps to promote peace and stability in the region.