2023
Exports
$14.5BWorld Rnk 37 / 219
Flag Rnk 5 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$41.2BWorld Rnk 19 / 226
Flag Rnk 2 / 96
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $14.5B in Mineral fuels, mineral oils and products of their distillation, making it the 37th 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 5th most exported product in Turkey. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Turkey are: Netherlands ($1.52B), India ($1.27B), United States ($726M), Lebanon ($715M), and Italy ($613M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Turkey between 2022 and 2023 were Libya ($473M), Malta ($244M), and Ukraine ($224M).

Imports In 2023, Turkey imported $41.2B in Mineral fuels, mineral oils and products of their distillation, becoming the 19th 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 2nd most imported product in Turkey. Turkey imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($15.6B), Azerbaijan ($5.32B), Kazakhstan ($3.37B), United States ($2.74B), and Turkmenistan ($1.41B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Turkey between 2022 and 2023 were Russia ($4.2B), Azerbaijan ($2.28B), and Turkmenistan ($1.05B).

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 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 (2023)$14.5B
IMPORTS (2023)$41.2B
NET TRADE (2023)-$26.7B

In 2023, Turkey exported $14.5B 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 Netherlands ($1.52B), India ($1.27B), United States ($726M), Lebanon ($715M), and Italy ($613M).

In 2023, Turkey imported $41.2B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($15.6B), Azerbaijan ($5.32B), Kazakhstan ($3.37B), United States ($2.74B), and Turkmenistan ($1.41B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Libya$473M (697%)
Malta$244M (828%)
Ukraine$224M (59.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Turkey WERE (2022 - 2023):
South Africa-$922M (-80%)
Romania-$714M (-55.7%)
Lebanon-$596M (-45.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2023, 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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