Bolat: Türkiye-US trade could reach 50 billion dollars in 2028

Minister of Commerce Ömer Bolat stated that the trade volume between Türkiye and the USA continues to increase and said, "We will be able to reach 50 billion dollars in total trade between Türkiye and the USA by 2028 at the latest."

Speaking at the ACE BPSC 2026 Conference held in a hotel in Istanbul, Bolat said that approximately 2 thousand US investors and companies are engaged in production, trade and export activities in Türkiye.

Bolat announced that in addition to the investment of 16.5 billion dollars, the total investments received to date have reached 60 billion dollars.

Emphasizing that the USA is an important partner for Türkiye, Bolat stated that last year the total trade volume between the two countries was 38.6 billion dollars and the USA had a foreign trade surplus of 6 billion dollars.

Bolat said:

"Especially due to aircraft purchases and our increasing LNG imports, both foreign trade increased by around 12-13 percent and our total trade developed well. This trend continues this year as well. According to the data of the first 9 months, there is a 17 percent increase in Turkey-US trade and US exports to Türkiye increased by 2.5 billion dollars. Türkiye's exports to the US also increased by 1.8 billion dollars. These have the positive impact of all these efforts, meetings and investments, fairs and forums we attended. "And the friendship and solidarity between the leaders of the two countries brings about a positive reflection of bilateral political relations on trade and economy."

Stating that trade, investment and economic relations are rapidly positively affected in periods when political relations are good, Bolat stated that they are committed to the annual trade target of 100 billion dollars set by US President Donald Trump and President Recep Tayyip Erdoğan.

Emphasizing that the trend in trade is positive, Bolat said, "We will be able to reach 50 billion dollars in total trade between Türkiye and the USA by 2028 at the latest."

Stating that direct investments from Türkiye to the USA have reached 14.5 billion dollars, Bolat noted that the Turkish business world is actively operating in the fields of trade, logistics and investment in many regions of the USA.

Stating that the trade between Türkiye and the USA has approximately doubled in the last 10 years, Bolat said that the trade volume, which was approximately 21 billion dollars in 2015, increased to 38.6 billion dollars. Bolat stated that if the trade volume reaches 43 billion dollars this year, it will more than double in the 10-year period.