2023
Exports
$732kWorld Rnk 118 / 163
Flag Rnk 299 / 973
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$514MWorld Rnk 63 / 220
Flag Rnk 5 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $732k in Petroleum Gas, making it the 118th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 299th most exported product in Armenia. The main destination of Petroleum Gas exports from Armenia are: Iran ($660k), Pakistan ($44.8k), and Iraq ($27.2k).

The fastest growing export markets for Petroleum Gas of Armenia between 2022 and 2023 were Iran ($660k), Pakistan ($44.8k), and Iraq ($27.2k).

Imports In 2023, Armenia imported $514M in Petroleum Gas, becoming the 63rd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in Armenia. Armenia imports Petroleum Gas primarily from: Russia ($450M), Iran ($62.2M), Curaçao ($896k), Iraq ($771k), and China ($10.4k).

The fastest growing import markets in Petroleum Gas for Armenia between 2022 and 2023 were Iraq ($592k), Curaçao ($382k), and Romania ($9.92k).

Latest Trends

Dec 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 Petroleum Gas. 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 (2023)$732k
IMPORTS (2023)$514M
NET TRADE (2023)-$513M

In 2023, Armenia exported $732k in Petroleum Gas. The main destinations of Armenia exports on Petroleum Gas were Iran ($660k), Pakistan ($44.8k), and Iraq ($27.2k).

In 2023, Armenia imported $514M in Petroleum Gas, mainly from Russia ($450M), Iran ($62.2M), Curaçao ($896k), Iraq ($771k), and China ($10.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Iran$660k (1%)
Pakistan$44.8k (1%)
Iraq$27.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Armenia WERE (2022 - 2023):Russia-$854 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Petroleum Gas were:
In 2023, Armenia's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.42k
TOP IMPORT POTENTIALIraq+ $464k

Petroleum Gas’s highest export potential is Russia. With an export gap of $1.42k.   Petroleum Gas’s highest import potential is Iraq with an import gap of $464k.

See methodology.

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