Commercial and Economic Relations between Turkey and the UK

The bilateral trade volume between Turkey and the UK amounted to 17 billion Dollars in 2016 (Exports: 11.7 billion Dollars, Imports: 5.3 billion Dollars), corresponding to a 6.3 percent increase compared to 2015. The UK ranked 2nd in terms of Turkey’s exports and 11th in terms of It’s imports in 2016.

As of 2016, there were 2,983 British companies operating in Turkey. The direct investments of the UK in Turkey between 2002 and 2016 amounted to 9.53 billion Dollars. The UK ranked 4th in terms of FDI during the said period.

Around 90 Turkish firms operated in the UK by the end of 2016. The total Turkish investments in the UK in the period of 2002-2016 reached 2 billion Dollars.

More than 1.7 million English tourists visited Turkey in 2016 with a decrease of 31.8 percent compared to 2015.