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2022
Exports $49.4MWorld Rnk 11 / 135
Flag Rnk 955 / 1216
2022
Destination $3.68M Indonesia
2021 - 2022
FASTEST GROWING MARKET $3.68MIndonesia
2022
PRODUCT COMPLEXITY IN Asphalt-0.09Rnk 576 / 1025
2022
Imports $9.32MWorld Rnk 50 / 213
Flag Rnk 1017 / 1212
2022
Origin $1.01M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $1.01MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $49.4M in Asphalt, making it the 11th largest exporter of Asphalt in the world. At the same year, Asphalt was the 955th most exported product in China. The main destination of Asphalt exports from China are: Indonesia ($5.92M), Vietnam ($5.56M), Thailand ($3.67M), Malaysia ($2.32M), and India ($2.11M).

The fastest growing export markets for Asphalt of China between 2021 and 2022 were Indonesia ($3.68M), Vietnam ($2.63M), and Thailand ($1.58M).

Imports In 2022, China imported $9.32M in Asphalt, becoming the 50th largest importer of Asphalt in the world. At the same year, Asphalt was the 1017th most imported product in China. China imports Asphalt primarily from: Malaysia ($3M), Canada ($976k), Singapore ($841k), United Kingdom ($783k), and Japan ($701k).

The fastest growing import markets in Asphalt for China between 2021 and 2022 were Malaysia ($1.01M), United Kingdom ($770k), and Canada ($600k).

Latest Trends

July 2024

About

Overview In July 2024 China's Asphalt exports accounted up to $4.81M and imports accounted up to $594k, resulting in a positive trade balance of $4.22M. Between July 2023 and July 2024 the exports of China's   Asphalt have decreased by $-784k (-14%) from $5.59M to $4.81M, while imports increased by $314k (112%) from $280k to $594k.

Destinations In July 2024, Asphalt were exported mostly to Indonesia ($667k), Guinea ($568k), Vietnam ($375k), Thailand ($355k), and Malaysia ($271k), and were imported mostly from Russia ($264k), Germany ($135k), Malaysia ($77.2k), United States ($46k), and Singapore ($33.3k).

Growth In July 2024, the decrease in Asphalt's year-by-year exports was explained primarily by a decrease in exports to Angola ($-171k or -91.4%), Singapore ($-140k or -72%), and Philippines ($-84.9k or -58.2%). In July 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from United States ($330k or 125k%), Singapore ($132k or 11.8k%), and Germany ($41.3k or 340%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-784k(-14%)
IMPORT GROWTH (July 2023 - July 2024)$314k(112%)
MAIN EXPORTER (July 2024)Beijing$2.32M
MAIN DESTINATION (July 2024)Indonesia$667k

This section shows Asphalt'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.4M
IMPORTS (2022)$9.32M
NET TRADE (2022)$40.1M

In 2022, China exported $49.4M in Asphalt. The main destinations of China exports on Asphalt were Indonesia ($5.92M), Vietnam ($5.56M), Thailand ($3.67M), Malaysia ($2.32M), and India ($2.11M).

In 2022, China imported $9.32M in Asphalt, mainly from Malaysia ($3M), Canada ($976k), Singapore ($841k), United Kingdom ($783k), and Japan ($701k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$3.68M (165%)
Vietnam$2.63M (89.7%)
Thailand$1.58M (75.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY China WERE (2021 - 2022):
Chile-$2.34M (-87.6%)
Yemen-$720k (-50.2%)
Nigeria-$589k (-48.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Asphalt were:
United States $405M
Canada $373M
Italy $301M
In 2022, China's main importing competitors in Asphalt were:
United States $422M
Canada $343M
Netherlands $125M

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.69M
TOP IMPORT POTENTIALRussia+ $1.02M

Asphalt’s highest export potential is India. With an export gap of $1.69M.   Asphalt’s highest import potential is Russia with an import gap of $1.02M.

See methodology.

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