Armenia"s petroleum market in 2024 demonstrates a robust demand for imported petroleum products, particularly in the categories of base oil and related derivatives. The import data reveals significant activity, with petroleum oils from bituminous minerals accounting for 421,910 kg, valued at $285,128. 68. This consistent volume and pricing indicate a stable trade relationship and demand for this critical import category. The import of other paraffin wax and similar products also shows notable figures, with two substantial shipments totaling 622,961. 99 kg and valued at $774,796. In contrast, exports of these products are negligible, with a mere 10 kg exported for $40. 14, highlighting Armenia"s reliance on imports to meet its domestic needs.

Price trends are stable yet competitive, reflecting global market conditions and Armenia"s strategic sourcing efforts. The import of petroleum bitumen is particularly remarkable, with over 206 million kg imported, valued above $66 million, suggesting significant infrastructure or industrial projects driving demand. These trends underscore Armenia"s focus on securing a reliable supply of petroleum products to support its expanding energy needs. As the country continues to develop its infrastructure, the demand for base oil and bitumen is likely to remain high. For businesses seeking to engage with Armenia"s petroleum sector, establishing connections with local suppliers is crucial. Aritral, an AI-driven B2B platform, offers solutions for businesses looking to navigate this market. It provides product listing, direct communication with suppliers, global sales assistance, AI-powered marketing, and comprehensive profile management, streamlining the process of engaging with Armenia"s petroleum industry.