Asphalt Mixtures in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $88.6M in Asphalt Mixtures, making it the 8th largest exporter of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 892nd most exported product in China. The main destination of Asphalt Mixtures exports from China are: Malaysia ($48M), China ($28M), Hong Kong ($3.14M), Indonesia ($1.42M), and South Korea ($1.28M).

The fastest growing export markets for Asphalt Mixtures of China between 2021 and 2022 were Malaysia ($32.5M), China ($28M), and Hong Kong ($1.74M).

Imports In 2022, China imported $206M in Asphalt Mixtures, becoming the 2nd largest importer of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 509th most imported product in China. China imports Asphalt Mixtures primarily from: Malaysia ($96.1M), Angola ($38.8M), Japan ($34.8M), China ($28M), and United States ($3.53M).

The fastest growing import markets in Asphalt Mixtures for China between 2021 and 2022 were Malaysia ($54M), China ($28M), and Japan ($6.58M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Asphalt Mixtures from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Asphalt Mixtures exports accounted up to $297k and imports accounted up to $261M, resulting in a negative trade balance of $261M. Between February 2023 and February 2024 the exports of China's Asphalt Mixtures have decreased by $-42.9k (-12.6%) from $340k to $297k, while imports decreased by $-349M (-57.2%) from $609M to $261M.

Destinations In February 2024, Asphalt Mixtures were exported mostly to Hong Kong ($230k), Thailand ($34.1k), Cambodia ($23.2k), Malaysia ($3k), and Burma ($2.68k), and were imported mostly from Malaysia ($261M), Germany ($46.1k), and Denmark ($8.71k).

Growth In February 2024, the decrease in Asphalt Mixtures's year-by-year exports was explained primarily by a decrease in exports to Peru ($-96.7k or -62.9%) and France ($-203 or -83.5%). In February 2024, the decrease in Asphalt Mixtures's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-237M or -38.5%) and Germany ($-36.5k or -99%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-42.9k(-12.6%)

IMPORT GROWTH (February 2023 - February 2024)$-349M(-57.2%)

MAIN EXPORTER (February 2024)Guangdong Province$319k

MAIN DESTINATION (February 2024)Hong Kong$230k

This section shows Asphalt Mixtures's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Asphalt Mixtures over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$88.6M

IMPORTS (2022)$206M

NET TRADE (2022)-$117M

In 2022, China exported $88.6M in Asphalt Mixtures. The main destinations of China exports on Asphalt Mixtures were Malaysia ($48M), China ($28M), Hong Kong ($3.14M), Indonesia ($1.42M), and South Korea ($1.28M).

In 2022, China imported $206M in Asphalt Mixtures, mainly from Malaysia ($96.1M), Angola ($38.8M), Japan ($34.8M), China ($28M), and United States ($3.53M).

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