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2023
Exports $58.7MWorld Rnk 13 / 134
Flag Rnk 923 / 1215
2023
Destination $3.36M Malaysia
2022 - 2023
FASTEST GROWING MARKET $3.36MMalaysia
2023
PRODUCT COMPLEXITY IN Asphalt0.036Rnk 546 / 1025
2023
Imports $4.61MWorld Rnk 75 / 213
Flag Rnk 1074 / 1214
2023
Origin $305k Canada
2022 - 2023
FASTEST GROWING ORIGIN $305kRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $58.7M in Asphalt, making it the 13th largest exporter of Asphalt in the world. At the same year, Asphalt was the 923rd most exported product in China. The main destination of Asphalt exports from China are: Malaysia ($5.64M), Indonesia ($5.52M), Vietnam ($4.92M), Thailand ($4.88M), and India ($3.42M).

The fastest growing export markets for Asphalt of China between 2022 and 2023 were Malaysia ($3.36M), Chile ($1.84M), and India ($1.47M).

Imports In 2023, China imported $4.61M in Asphalt, becoming the 75th largest importer of Asphalt in the world. At the same year, Asphalt was the 1074th most imported product in China. China imports Asphalt primarily from: Canada ($1M), Russia ($916k), Malaysia ($565k), Singapore ($562k), and Germany ($551k).

The fastest growing import markets in Asphalt for China between 2022 and 2023 were Russia ($305k), Germany ($171k), and France ($154k).

Latest Trends

December 2024

About

Overview In December 2024 China's Asphalt exports accounted up to $8.11M and imports accounted up to $356k, resulting in a positive trade balance of $7.76M. Between December 2023 and December 2024 the exports of China's   Asphalt have increased by $2.63M (47.9%) from $5.48M to $8.11M, while imports increased by $83.5k (30.6%) from $272k to $356k.

Destinations In December 2024, Asphalt were exported mostly to Guinea ($1.66M), Malaysia ($856k), Indonesia ($704k), Thailand ($614k), and Vietnam ($608k), and were imported mostly from Germany ($142k), United States ($81.6k), United Kingdom ($30.6k), Malaysia ($30.3k), and Singapore ($27.6k).

Growth In December 2024, the increase in Asphalt's year-by-year exports was explained primarily by an increase in exports to Angola ($311k or 1.92k%), Indonesia ($180k or 36.1%), and Singapore ($177k or 325%). In December 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from Japan ($1.79k or 653%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$2.63M(47.9%)
IMPORT GROWTH (December 2023 - December 2024)$83.5k(30.6%)
MAIN EXPORTER (December 2024)Beijing$2.52M
MAIN DESTINATION (December 2024)Guinea$1.66M

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 (2023)$58.7M
IMPORTS (2023)$4.61M
NET TRADE (2023)$54.1M

In 2023, China exported $58.7M in Asphalt. The main destinations of China exports on Asphalt were Malaysia ($5.64M), Indonesia ($5.52M), Vietnam ($4.92M), Thailand ($4.88M), and India ($3.42M).

In 2023, China imported $4.61M in Asphalt, mainly from Canada ($1M), Russia ($916k), Malaysia ($565k), Singapore ($562k), and Germany ($551k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$3.36M (147%)
Chile$1.84M (598%)
India$1.47M (75.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY China WERE (2022 - 2023):
Mongolia-$1.54M (-90.8%)
Tajikistan-$1.14M (-83.3%)
Guinea-$656k (-80.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Asphalt were:
Canada $437M
United States $355M
Italy $290M
In 2023, China's main importing competitors in Asphalt were:
United States $527M
Canada $291M
Netherlands $134M

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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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