Armenia reduces imports and exports of oil products in 2024 

ArmInfo. Armenia imported 489.1 thousand tons of oil products in 2024, which is 6.4% lower than the same period last year. At the same time, the customs value  decreased almost proportionally - by 6.8% to $469.7 million. This is  evidenced by the data of the Customs Service of the Republic of  Armenia.

Oil products were mainly imported from Russia (61.2%), Iran (6%),  Malta (5.9%), Bulgaria (4.9%), Greece (4.6%), Romania (3.2%), Turkey  (2.7%), Egypt (2.3%), Lebanon (1.7%), much less from the Republic of  Korea (0.3%), Germany (0.2%), as well as from Austria, Belarus,  Belgium, Thailand, Indonesia, Spain, Italy, Poland, Lithuania,  Canada, Ukraine, Slovakia, Serbia, China, Sweden, Switzerland, India,  the United Kingdom, the United States, the Netherlands, Malaysia,  Finland, Japan.

During the reporting year, Armenia also reduced its export of oil  products - by 87.3% to 122.5 tons, with a decrease in customs value  by 72% to $749.9 thousand. The bulk of oil product exports went to  the Russian Federation (82.5%) and Belarus (16.9%), and very small  supplies went to Georgia and South Africa.

According to the data of the Ministry of Territorial Administration  and Infrastructure of the Republic of Armenia, by the end of 2024,  within the framework of the indicative balance, Armenia received 230  thousand tons of motor gasoline and 175 thousand tons of diesel fuel  from the Russian Federation.