2023
Exports
$69.4kWorld Rnk 82 / 124
Flag Rnk 613 / 973
2023
PRODUCT COMPLEXITY IN Petroleum Resins
1.47Rnk 49 / 1025
2023
Imports
$332kWorld Rnk 126 / 200
Flag Rnk 768 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $69.4k in Petroleum Resins, making it the 82nd largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 613th most exported product in Armenia. The main destination of Petroleum Resins exports from Armenia are: Russia ($69.4k) and Peru ($36).

The fastest growing export markets for Petroleum Resins of Armenia between 2022 and 2023 were Russia ($40.1k) and Peru ($36).

Imports In 2023, Armenia imported $332k in Petroleum Resins, becoming the 126th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 768th most imported product in Armenia. Armenia imports Petroleum Resins primarily from: Lithuania ($140k), China ($47.8k), Poland ($42.8k), United States ($35.3k), and Russia ($16.3k).

The fastest growing import markets in Petroleum Resins for Armenia between 2022 and 2023 were Lithuania ($93k), China ($47.8k), and Poland ($25.1k).

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 Resins. 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)$69.4k
IMPORTS (2023)$332k
NET TRADE (2023)-$262k

In 2023, Armenia exported $69.4k in Petroleum Resins. The main destinations of Armenia exports on Petroleum Resins were Russia ($69.4k) and Peru ($36).

In 2023, Armenia imported $332k in Petroleum Resins, mainly from Lithuania ($140k), China ($47.8k), Poland ($42.8k), United States ($35.3k), and Russia ($16.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Russia$40.1k (137%)
Peru$36 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Petroleum Resins were:
In 2023, Armenia's main importing competitors in Petroleum Resins were:

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $9.68k
TOP IMPORT POTENTIALUnited States+ $53.3k

Petroleum Resins’s highest export potential is Russia. With an export gap of $9.68k.   Petroleum Resins’s highest import potential is United States with an import gap of $53.3k.

See methodology.

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