2022
Exports
$12.3BWorld Rnk 24 / 214
Flag Rnk 1 / 1213
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$17BWorld Rnk 20 / 225
Flag Rnk 2 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $12.3B in Refined Petroleum, making it the 24th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Turkey. The main destination of Refined Petroleum exports from Turkey are: Netherlands ($1.34B), Lebanon ($1.2B), South Africa ($1.09B), Romania ($961M), and Cyprus ($615M).

The fastest growing export markets for Refined Petroleum of Turkey between 2021 and 2022 were South Africa ($886M), Romania ($863M), and Netherlands ($532M).

Imports In 2022, Turkey imported $17B in Refined Petroleum, becoming the 20th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Turkey. Turkey imports Refined Petroleum primarily from: Russia ($6.51B), India ($3.34B), Italy ($1.4B), Greece ($1.09B), and Israel ($1.03B).

The fastest growing import markets in Refined Petroleum for Turkey between 2021 and 2022 were Russia ($2.76B), India ($1.67B), and Italy ($748M).

Latest Trends

Sep 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 Refined 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 (2022)$12.3B
IMPORTS (2022)$17B
NET TRADE (2022)-$4.7B

In 2022, Turkey exported $12.3B in Refined Petroleum. The main destinations of Turkey exports on Refined Petroleum were Netherlands ($1.34B), Lebanon ($1.2B), South Africa ($1.09B), Romania ($961M), and Cyprus ($615M).

In 2022, Turkey imported $17B in Refined Petroleum, mainly from Russia ($6.51B), India ($3.34B), Italy ($1.4B), Greece ($1.09B), and Israel ($1.03B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
South Africa$886M (425%)
Romania$863M (883%)
Netherlands$532M (65.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Turkey WERE (2021 - 2022):
Greece-$155M (-30.9%)
Nigeria-$138M (-75.6%)
Kenya-$68.3M (-94.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Refined Petroleum were:
In 2022, Turkey's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $422M
TOP IMPORT POTENTIALIndia+ $1.04B

Refined Petroleum’s highest export potential is United States. With an export gap of $422M.   Refined Petroleum’s highest import potential is India with an import gap of $1.04B.

See methodology.

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