2023
Exports
$1.75BWorld Rnk 37 / 150
Flag Rnk 27 / 1215
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$4.5BWorld Rnk 32 / 159
Flag Rnk 9 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $1.75B in Crude Petroleum, making it the 37th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 27th most exported product in Turkey. The main destination of Crude Petroleum exports from Turkey are: India ($1.23B), United Kingdom ($297M), Indonesia ($80.4M), Spain ($65.9M), and Thailand ($35.7M).

The fastest growing export markets for Crude Petroleum of Turkey between 2022 and 2023 were Spain ($65.9M), Thailand ($35.7M), and Bulgaria ($20.3M).

Imports In 2023, Turkey imported $4.5B in Crude Petroleum, becoming the 32nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 9th most imported product in Turkey. Turkey imports Crude Petroleum primarily from: Kazakhstan ($2.1B), Nigeria ($996M), Azerbaijan ($676M), Italy ($285M), and Norway ($208M).

The fastest growing import markets in Crude Petroleum for Turkey between 2022 and 2023 were Italy ($251M), Azerbaijan ($174M), and United States ($166M).

Latest Trends

Dec 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 Crude Petroleum. 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 (2023)$1.75B
IMPORTS (2023)$4.5B
NET TRADE (2023)-$2.75B

In 2023, Turkey exported $1.75B in Crude Petroleum. The main destinations of Turkey exports on Crude Petroleum were India ($1.23B), United Kingdom ($297M), Indonesia ($80.4M), Spain ($65.9M), and Thailand ($35.7M).

In 2023, Turkey imported $4.5B in Crude Petroleum, mainly from Kazakhstan ($2.1B), Nigeria ($996M), Azerbaijan ($676M), Italy ($285M), and Norway ($208M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Spain$65.9M (18.3M%)
Thailand$35.7M (1%)
Bulgaria$20.3M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Turkey WERE (2022 - 2023):
Romania-$920M (-100%)
India-$139M (-10.2%)
Tunisia-$120M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Crude Petroleum were:
In 2023, Turkey's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $432M
TOP IMPORT POTENTIALAzerbaijan+ $433M

Crude Petroleum’s highest export potential is India. With an export gap of $432M.   Crude Petroleum’s highest import potential is Azerbaijan with an import gap of $433M.

See methodology.

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