Turkey"s petroleum market has experienced a notable shift, underscored by a significant increase in fuel exports, rising from 2. 69% of merchandise exports in 2020 to 6. 33% in 2022. Simultaneously, fuel imports surged from 4. 96% to 8. 72% of merchandise imports over the same period. This trend signals Turkey"s growing role as both a supplier and consumer in the global petroleum landscape, offering lucrative opportunities for businesses involved in base oil, bitumen, engine oil, and paraffin. Despite the increased export activity, the sector faces challenges, particularly in balancing imports with local demand.

The energy intensity level of Turkey"s primary energy has decreased from 2. 55 MJ/$2017 PPP GDP in 2020 to 2. 27 in 2022, indicating improved energy efficiency. However, this efficiency has not fully countered the rising import costs, necessitating strategic investments to enhance local production capabilities and reduce dependency on imports. Globally, Turkey"s focus on energy efficiency aligns with a larger trend towards sustainable energy practices. The nation"s commitment is evident in its consistent 100% access to electricity across urban and rural populations, and the provision of clean cooking technologies to 95. 1% of its population. As Turkey continues to invest in energy with private participation, amounting to $502 million in 2022, businesses should consider aligning with this growth by exploring partnerships and expansions in the country.

For businesses seeking to navigate Turkey"s petroleum sector, Aritral. com offers a comprehensive AI-driven B2B platform that simplifies international trade in commodities and raw materials. Services like Product Listing, Direct Communication, and AI-Powered Marketing can facilitate connections with key suppliers and exporters, providing the tools necessary to capitalize on Turkey"s market dynamics. Leveraging these services can enhance global sales and streamline profile management, positioning businesses to effectively harness the opportunities within Turkey"s evolving petroleum market.