2022
Exports
$276MWorld Rnk 14 / 149
Flag Rnk 210 / 1213
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$1.23BWorld Rnk 12 / 208
Flag Rnk 47 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $276M in Palm Oil, making it the 14th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 210th most exported product in Turkey. The main destination of Palm Oil exports from Turkey are: Russia ($163M), Ukraine ($42.3M), Georgia ($30.1M), Iraq ($12.8M), and Ethiopia ($12.2M).

The fastest growing export markets for Palm Oil of Turkey between 2021 and 2022 were Ukraine ($42.3M), Georgia ($24.9M), and Russia ($17M).

Imports In 2022, Turkey imported $1.23B in Palm Oil, becoming the 12th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 47th most imported product in Turkey. Turkey imports Palm Oil primarily from: Malaysia ($802M), Indonesia ($413M), Colombia ($4.8M), Spain ($4.29M), and Sweden ($996k).

The fastest growing import markets in Palm Oil for Turkey between 2021 and 2022 were Malaysia ($238M), Indonesia ($217M), and Colombia ($4.8M).

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 Palm 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)$276M
IMPORTS (2022)$1.23B
NET TRADE (2022)-$952M

In 2022, Turkey exported $276M in Palm Oil. The main destinations of Turkey exports on Palm Oil were Russia ($163M), Ukraine ($42.3M), Georgia ($30.1M), Iraq ($12.8M), and Ethiopia ($12.2M).

In 2022, Turkey imported $1.23B in Palm Oil, mainly from Malaysia ($802M), Indonesia ($413M), Colombia ($4.8M), Spain ($4.29M), and Sweden ($996k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Ukraine$42.3M (173k%)
Georgia$24.9M (477%)
Russia$17M (11.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Turkey WERE (2021 - 2022):
Italy-$27.8M (-100%)
Iraq-$15.4M (-54.6%)
Ethiopia-$6.01M (-33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Palm Oil were:
In 2022, Turkey's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIraq+ $2.01M
TOP IMPORT POTENTIALIndonesia+ $73.9M

Palm Oil’s highest export potential is Iraq. With an export gap of $2.01M.   Palm Oil’s highest import potential is Indonesia with an import gap of $73.9M.

See methodology.

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