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2015
Exports $10World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2015
Imports $5World Rnk 158 / 159
Flag Rnk 1135 / 1135
2023
ECONOMIC COMPLEXITY of Armenia0.094Rnk 57 / 132

About

Imports In 2023, Armenia imported $5 in Crude Petroleum, becoming the 158th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1135th most imported product in Armenia. Armenia imports Crude Petroleum primarily from: Russia ($5).

The fastest growing import markets in Crude Petroleum for Armenia between N/A and 2023 were Russia ($5).

Historical Data

Trade Balance

Color
EXPORTS (2015)$10
IMPORTS (2023)$5
NET TRADE (2023)-$5

In 2023, Armenia imported $5 in Crude Petroleum, mainly from Russia ($5).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
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Change in Exports by Market (2015 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Armenia's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.23k
TOP IMPORT POTENTIALIraq+ $1.08k

Crude Petroleum’s highest export potential is China. With an export gap of $1.23k.   Crude Petroleum’s highest import potential is Iraq with an import gap of $1.08k.

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