2022
Exports
$29.3kWorld Rnk 84 / 123
Flag Rnk 675 / 945
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$400kWorld Rnk 125 / 197
Flag Rnk 725 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $29.3k in Petroleum Resins, making it the 84th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 675th most exported product in Armenia. The main destination of Petroleum Resins exports from Armenia are: Russia ($29.3k).

The fastest growing export markets for Petroleum Resins of Armenia between 2021 and 2022 were Russia ($29.3k).

Imports In 2022, Armenia imported $400k in Petroleum Resins, becoming the 125th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 725th most imported product in Armenia. Armenia imports Petroleum Resins primarily from: Poland ($118k), United Arab Emirates ($101k), United States ($56.8k), Lithuania ($47.3k), and Germany ($18.2k).

The fastest growing import markets in Petroleum Resins for Armenia between 2021 and 2022 were Poland ($118k), United Arab Emirates ($101k), and United States ($48.9k).

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 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 (2022)$29.3k
IMPORTS (2022)$400k
NET TRADE (2022)-$370k

In 2022, Armenia exported $29.3k in Petroleum Resins. The main destinations of Armenia exports on Petroleum Resins were Russia ($29.3k).

In 2022, Armenia imported $400k in Petroleum Resins, mainly from Poland ($118k), United Arab Emirates ($101k), United States ($56.8k), Lithuania ($47.3k), and Germany ($18.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Armenia WERE (2021 - 2022):Russia$29.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Armenia WERE (2021 - 2022):Peru-$37 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Petroleum Resins were:
In 2022, 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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