2023
Exports
$5.83MWorld Rnk 152 / 214
Flag Rnk 112 / 973
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$494MWorld Rnk 137 / 226
Flag Rnk 6 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $5.83M in Refined Petroleum, making it the 152nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 112th most exported product in Armenia. The main destination of Refined Petroleum exports from Armenia are: Paraguay ($2.23M), Russia ($1.8M), Kyrgyzstan ($1.6M), Iraq ($74.7k), and Iran ($72.1k).

The fastest growing export markets for Refined Petroleum of Armenia between 2022 and 2023 were Paraguay ($2.23M), Iraq ($74.7k), and Iran ($72.1k).

Imports In 2023, 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 6th most imported product in Armenia. Armenia imports Refined Petroleum primarily from: Russia ($317M), Iran ($44.1M), Greece ($25.9M), United Arab Emirates ($25M), and Turkey ($18.9M).

The fastest growing import markets in Refined Petroleum for Armenia between 2022 and 2023 were United Arab Emirates ($24.2M), Bulgaria ($16.4M), and Libya ($13.5M).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Refined Petroleum. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$5.83M
IMPORTS (2023)$494M
NET TRADE (2023)-$489M

In 2023, Armenia exported $5.83M in Refined Petroleum. The main destinations of Armenia exports on Refined Petroleum were Paraguay ($2.23M), Russia ($1.8M), Kyrgyzstan ($1.6M), Iraq ($74.7k), and Iran ($72.1k).

In 2023, Armenia imported $494M in Refined Petroleum, mainly from Russia ($317M), Iran ($44.1M), Greece ($25.9M), United Arab Emirates ($25M), and Turkey ($18.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Paraguay$2.23M (1%)
Iraq$74.7k (1%)
Iran$72.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Armenia WERE (2022 - 2023):
Georgia-$327k (-85.1%)
Belarus-$237k (-100%)
Russia-$97.1k (-5.12%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $509k
TOP IMPORT POTENTIALTurkey+ $10.8M

Refined Petroleum’s highest export potential is Russia. With an export gap of $509k.   Refined Petroleum’s highest import potential is Turkey with an import gap of $10.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with