Renovated Perspective on Turkey’s Oil Imports and Trade Partners

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The Energy Market Regulatory Authority reported that in January Turkey led oil and petroleum product imports from Russia, marking the highest intake from that supplier among global partners for the month. This top position underscores the ongoing role of Russia as a key supplier in Turkey’s energy mix, a trend set against broader regional dynamics and energy market considerations observed by the regulator and industry watchers alike.

Official figures from the ministry show that Turkey brought in 1.18 million metric tons of oil and petroleum products from Russia during January. By comparison, Iraq supplied 917,656 tons and Kazakhstan 683,740 tons in the same period, highlighting how regional supply routes shape Turkey’s refinery feedstocks and downstream processing. The distribution reflects a pattern where several neighbors and trading partners contribute notably to Turkey’s energy imports, with Russia standing as the dominant source in this January snapshot.

Overall oil imports into Turkey for the month declined by 3.64 percent from January 2022 levels, settling at 3.45 million tons. In parallel, the country’s exports of refined products rose by 7.3 percent, reaching 2.2 million tons. This shift suggests a strengthening refining return flow and potential adjustments in domestic consumption, refining capacity utilization, and export policy that influence how Turkey balances supply with demand across its refineries and distribution networks.

Earlier coverage indicated that Russia surpassed China and Switzerland in exports to Turkey, with bilateral trade for the January–February window totaling 9.26 billion dollars from Russia, 7.86 billion dollars from Switzerland, and 6.66 billion dollars from China. Germany and the United States followed with 3.88 billion and 2.29 billion dollars respectively in services and goods provided. Together, these five countries accounted for a sizable portion of Turkey’s imports and associated services, a reflection of the country’s diverse energy and trade relationships and the broader shift in regional supply chains that influence Turkish energy, industrial output, and consumer markets. Markers for the period show that this cluster of suppliers represented roughly 46.5 percent of Turkey’s total imports from these major sources, illustrating the connected nature of energy needs, logistics, and economic activity in the region.

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