Analysis based on the Logistic OS analytical platform database.
In 2021, Turkey became the largest importer of Russian agro-industrial products: the country purchased a total of 13 million tons of products worth $4.3 billion, increasing purchases by 38%.
The dynamics of increasing imports of Russian agricultural products allowed Turkey to overtake China in the ranking of importing countries.
Exports from Russia to Turkey declined slightly in the second half of 2021, driven by a sharp drop in shipments in October due to the depreciation of the Turkish lira.
The October decrease in shipments did not prevent the country from taking the first place among the countries-buyers of Russian grain and leguminous products.
The main product in the structure of grain and leguminous products exported from Russia to Turkey is traditionally wheat, shipments of which in 2021 amounted to 6.8 million tons.
If in physical terms, compared to 2020, there was no increase in volumes, then in value terms, the growth amounted to 6.9% ($1.8 billion).
The country increased purchases of barley by 3.1 times (1.1 million tons), in value terms, the increase was 4.2 times ($309 million).
Exports of corn amounted to 1.1 million tons (up 69%) worth $263 million (2.3 times more).
Aston JSC and Trade House Rif LLC became the main suppliers of grain and leguminous products to Turkey.
Turkey also leads among the buyers of Russian sunflower oil: deliveries increased by 42%. ($1.1 billion).
Traditionally, Turkey has been the main buyer of oilseeds and sunflower oil from Russia: in 2020, sunflower was in the TOP-3 agricultural products exported to the country.
After the introduction of restrictive duties on sunflower exports in Russia, Turkey had to increase purchases of crude sunflower oil, while sunflower purchases in 2021 came to naught.
In 2020, Turkey imported $15.2 billion worth of agricultural raw materials and food products from abroad, 20% of this volume fell on Russian products.
By 2030, the potential of food supplies from Russia to Turkey exceeds $5 billion.
Data on current shipments in the ports of Russia, Ukraine, Bulgaria and Romania, historical data on shipments of grain since 2012 can be generated on the basis of the analytical platform Logistic OS.
The system consists of several modules: Line-up, Export Date, Ratings, Ports, Cargoes, Vessels, as well as a large number of directories.
Users are given the opportunity to use various analytical tools and export data in Excel format.
(For free trial access follow the link)
