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2022
Exports $1.88BWorld Rnk 3 / 152
Flag Rnk 25 / 1213
2022
Destination $353M Iraq
2021 - 2022
FASTEST GROWING MARKET $353MIraq
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $1.84BWorld Rnk 2 / 211
Flag Rnk 30 / 1211
2022
Origin $594M Russia
2021 - 2022
FASTEST GROWING ORIGIN $594MUkraine
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $1.88B in Seed Oils, making it the 3rd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 25th most exported product in Turkey. The main destination of Seed Oils exports from Turkey are: Iraq ($490M), Djibouti ($268M), India ($203M), Libya ($121M), and Syria ($105M).

The fastest growing export markets for Seed Oils of Turkey between 2021 and 2022 were Iraq ($353M), India ($203M), and Djibouti ($120M).

Imports In 2022, Turkey imported $1.84B in Seed Oils, becoming the 2nd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 30th most imported product in Turkey. Turkey imports Seed Oils primarily from: Russia ($1.09B), Ukraine ($666M), Kazakhstan ($26.9M), Bulgaria ($20.7M), and Moldova ($19.2M).

The fastest growing import markets in Seed Oils for Turkey between 2021 and 2022 were Ukraine ($594M), Kazakhstan ($26.9M), and Moldova ($19.2M).

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 Seed Oils. 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)$1.88B
IMPORTS (2022)$1.84B
NET TRADE (2022)$45.9M

In 2022, Turkey exported $1.88B in Seed Oils. The main destinations of Turkey exports on Seed Oils were Iraq ($490M), Djibouti ($268M), India ($203M), Libya ($121M), and Syria ($105M).

In 2022, Turkey imported $1.84B in Seed Oils, mainly from Russia ($1.09B), Ukraine ($666M), Kazakhstan ($26.9M), Bulgaria ($20.7M), and Moldova ($19.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Iraq$353M (257%)
India$203M (426k%)
Djibouti$120M (81.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Turkey WERE (2021 - 2022):
Iran-$73.4M (-81.4%)
Yemen-$66.5M (-58.3%)
China-$8.05M (-79.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
In 2022, Turkey's main importing competitors in Seed Oils were:
India $2.88B
Netherlands $1.26B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $49.6M
TOP IMPORT POTENTIALBulgaria+ $27.9M

Seed Oils’s highest export potential is India. With an export gap of $49.6M.   Seed Oils’s highest import potential is Bulgaria with an import gap of $27.9M.

See methodology.

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