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2022
Exports $854World Rnk 153 / 160
Flag Rnk 864 / 945
2022
Destination $854 Russia
2021 - 2022
FASTEST GROWING MARKET $854Russia
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $474MWorld Rnk 59 / 222
Flag Rnk 5 / 1142
2022
Origin $46.7M Russia
2021 - 2022
FASTEST GROWING ORIGIN $46.7MRussia
2022
ECONOMIC COMPLEXITY of Armenia0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $854 in Petroleum Gas, making it the 153rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 864th most exported product in Armenia. The main destination of Petroleum Gas exports from Armenia are: Russia ($854).

The fastest growing export markets for Petroleum Gas of Armenia between 2021 and 2022 were Russia ($854).

Imports In 2022, Armenia imported $474M in Petroleum Gas, becoming the 59th 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 ($417M), Iran ($57M), Iraq ($162k), United Arab Emirates ($21.8k), and Rwanda ($16.7k).

The fastest growing import markets in Petroleum Gas for Armenia between 2021 and 2022 were Russia ($46.7M), United Arab Emirates ($19.4k), and Rwanda ($16.7k).

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 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 (2022)$854
IMPORTS (2022)$474M
NET TRADE (2022)-$474M

In 2022, Armenia exported $854 in Petroleum Gas. The main destinations of Armenia exports on Petroleum Gas were Russia ($854).

In 2022, Armenia imported $474M in Petroleum Gas, mainly from Russia ($417M), Iran ($57M), Iraq ($162k), United Arab Emirates ($21.8k), and Rwanda ($16.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$854 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Armenia WERE (2021 - 2022):
Kyrgyzstan-$397k (-100%)
Germany-$326 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Armenia's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
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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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