Refined Petroleum in Armenia | The Observatory of Economic Complexity

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Exports In 2022, Armenia exported $3.65M in Refined Petroleum, making it the 154th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 127th most exported product in Armenia. The main destination of Refined Petroleum exports from Armenia are: Russia ($1.76M), Kyrgyzstan ($1.52M), Belarus ($237k), Georgia ($122k), and Denmark ($1.7k).

The fastest growing export markets for Refined Petroleum of Armenia between 2021 and 2022 were Russia ($1.74M), Kyrgyzstan ($1.52M), and Belarus ($201k).

Imports In 2022, Armenia imported $494M in Refined Petroleum, becoming the 137th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Armenia. Armenia imports Refined Petroleum primarily from: Russia ($374M), Iran ($53.8M), Greece ($19.5M), Egypt ($10.5M), and Turkey ($9.35M).

The fastest growing import markets in Refined Petroleum for Armenia between 2021 and 2022 were Russia ($132M), Greece ($14M), and Iran ($9.62M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Armenia to the United States.

Feb 2024

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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 Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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EXPORTS (2022)$3.65M

IMPORTS (2022)$494M

NET TRADE (2022)-$490M

In 2022, Armenia exported $3.65M in Refined Petroleum. The main destinations of Armenia exports on Refined Petroleum were Russia ($1.76M), Kyrgyzstan ($1.52M), Belarus ($237k), Georgia ($122k), and Denmark ($1.7k).

In 2022, Armenia imported $494M in Refined Petroleum, mainly from Russia ($374M), Iran ($53.8M), Greece ($19.5M), Egypt ($10.5M), and Turkey ($9.35M).