2018
Exports
$405MWorld Rnk 8 / 135
Flag Rnk 156 / 1213
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2018
Imports
$2.93MWorld Rnk 122 / 215
Flag Rnk 981 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2018, Turkey exported $405M in Soybean Oil, making it the 8th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 156th most exported product in Turkey. The main destination of Soybean Oil exports from Turkey are: Algeria ($153M), Tunisia ($87.5M), India ($39.5M), Iran ($37.3M), and Egypt ($35.8M).

The fastest growing export markets for Soybean Oil of Turkey between 2021 and 2022 were Tunisia ($72.4M), Algeria ($40.4M), and Egypt ($22.5M).

Imports In 2022, Turkey imported $2.93M in Soybean Oil, becoming the 122nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 981st most imported product in Turkey. Turkey imports Soybean Oil primarily from: Russia ($2.24M), Belgium ($333k), France ($119k), Canada ($89.2k), and Netherlands ($59.9k).

The fastest growing import markets in Soybean Oil for Turkey between 2021 and 2022 were Belgium ($157k), Netherlands ($32.5k), and France ($23.2k).

Latest Trends

Jul 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 Soybean Oil. 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)$405M
IMPORTS (2022)$2.93M
NET TRADE (2022)$402M

In 2022, Turkey exported $405M in Soybean Oil. The main destinations of Turkey exports on Soybean Oil were Algeria ($153M), Tunisia ($87.5M), India ($39.5M), Iran ($37.3M), and Egypt ($35.8M).

In 2022, Turkey imported $2.93M in Soybean Oil, mainly from Russia ($2.24M), Belgium ($333k), France ($119k), Canada ($89.2k), and Netherlands ($59.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Tunisia$72.4M (478%)
Algeria$40.4M (35.9%)
Egypt$22.5M (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Turkey WERE (2021 - 2022):
India-$33.9M (-46.2%)
China-$18.2M (-88.5%)
Lebanon-$10.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Soybean Oil were:
In 2022, Turkey's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $32.6M
TOP IMPORT POTENTIALRussia+ $314k

Soybean Oil’s highest export potential is India. With an export gap of $32.6M.   Soybean Oil’s highest import potential is Russia with an import gap of $314k.

See methodology.

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