Commercial and Economic Relations between Turkey and the UK

The bilateral trade volume between Turkey and United Kingdom stood at 16 billion 157 million USD in 2017, which corresponds to a decline of 5 percent compared to the year before (Turkish exports 9 billion 608 million USD, imports 6 billion 549 million USD).

As of December 2017, there are 3,076 British companies including BP, Vodafone, Tesco, HSBC operating in Turkey.

Main Turkish exports to United Kingdom are gold, made-up textile articles, garments, electrical and non-electrical machinery, motor vehicles and parts, iron and steel products, insulated wires, cables and other electric conductors. Main imports from United Kingdom are diesel and semi-diesel engines, automobiles, tramp iron/steel and their ingots, medicinal and pharmaceutical products to be used in treatments and protection.

Total amount of direct investments from United Kingdom to Turkey in the period of 2002-2017 is 9 billion 886 million USD, while the figure is 2 billion 321 million USD for investments from Turkey to United Kingdom in the same period.

More than 1,6 million British tourists visited Turkey in 2017.