2022
Exports
$19.1BWorld Rnk 36 / 216
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$39.1BWorld Rnk 22 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $19.1B in Mineral fuels, mineral oils and products of their distillation, making it the 36th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 3rd most exported product in Turkey. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Turkey are: Romania ($1.88B), Netherlands ($1.78B), India ($1.51B), Lebanon ($1.35B), and South Africa ($1.1B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Turkey between 2021 and 2022 were Romania ($1.36B), India ($916M), and South Africa ($890M).

Imports In 2022, Turkey imported $39.1B in Mineral fuels, mineral oils and products of their distillation, becoming the 22nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Turkey. Turkey imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($10B), United States ($3.87B), Kazakhstan ($3.51B), India ($3.35B), and Azerbaijan ($2.99B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Turkey between 2021 and 2022 were Russia ($3.14B), India ($1.68B), and Kazakhstan ($1.48B).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.1B
IMPORTS (2022)$39.1B
NET TRADE (2022)-$20B

In 2022, Turkey exported $19.1B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Turkey exports on Mineral fuels, mineral oils and products of their distillation were Romania ($1.88B), Netherlands ($1.78B), India ($1.51B), Lebanon ($1.35B), and South Africa ($1.1B).

In 2022, Turkey imported $39.1B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($10B), United States ($3.87B), Kazakhstan ($3.51B), India ($3.35B), and Azerbaijan ($2.99B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Romania$1.36B (260%)
India$916M (154%)
South Africa$890M (427%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Turkey WERE (2021 - 2022):
Greece-$208M (-30.4%)
Nigeria-$114M (-59.8%)
Iraq-$77M (-45.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Turkey's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Turkey's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $671M
TOP IMPORT POTENTIALIndia+ $1.04B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is India. With an export gap of $671M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is India with an import gap of $1.04B.

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