In recent years, Armenia has shown significant activity in the importation of petroleum bitumen, which is crucial for infrastructure development and road maintenance. The year 2024 has been particularly notable, with trade volumes indicating substantial imports. Data reveals imports of 103,209,480 kg and 103,304,480 kg of petroleum bitumen, valued at $33,276,333. 41 and $33,304,292. 66 respectively. These figures reflect a stable and robust demand for bitumen, driven by ongoing infrastructural projects and urbanization efforts in Armenia. Despite the large volumes imported, the price trend appears relatively stable, suggesting a well-supplied market that benefits from efficient supply chain operations. The consistency in pricing indicates effective negotiation strategies by Armenian importers, ensuring cost-effective procurement to support national development goals.

The data underscores Armenia"s reliance on imported bitumen, highlighting the necessity for local businesses and government entities to maintain strong relationships with international suppliers. This dependency also presents opportunities for potential suppliers and traders looking to enter or expand their presence in the Armenian market. For businesses navigating the complexities of the Armenian petroleum market, Aritral offers an AI-driven B2B platform. It provides services such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, streamlining trade processes and enhancing market access for both buyers and suppliers in the petroleum sector. "