2022
Exports
$1.28MWorld Rnk 69 / 195
Flag Rnk 224 / 945
falsefalse Russia
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$5.64MWorld Rnk 102 / 224
Flag Rnk 252 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $1.28M in Lubricating Products, making it the 69th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 224th most exported product in Armenia. The main destination of Lubricating Products exports from Armenia are: Russia ($1.27M), Denmark ($2.02k), Belarus ($1.7k), South Africa ($1.55k), and United Arab Emirates ($313).

Imports In 2022, Armenia imported $5.64M in Lubricating Products, becoming the 102nd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 252nd most imported product in Armenia. Armenia imports Lubricating Products primarily from: N/A.

The fastest growing import markets in Lubricating Products for Armenia between 2021 and 2022 were Lithuania ($906k), Germany ($649k), and Georgia ($609k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Lubricating Products. 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)$1.28M
IMPORTS (2022)$5.64M
NET TRADE (2022)-$4.36M

In 2022, Armenia exported $1.28M in Lubricating Products. The main destinations of Armenia exports on Lubricating Products were Russia ($1.27M), Denmark ($2.02k), Belarus ($1.7k), South Africa ($1.55k), and United Arab Emirates ($313).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Lubricating Products were:
In 2022, Armenia's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALDenmark+ $7.12k
TOP IMPORT POTENTIALGermany+ $347k

Lubricating Products’s highest export potential is Denmark. With an export gap of $7.12k.   Lubricating Products’s highest import potential is Germany with an import gap of $347k.

See methodology.

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