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2022
Exports $12.2MWorld Rnk 28 / 135
Flag Rnk 820 / 1216
2022
Destination $1.01M Ireland
2021 - 2022
FASTEST GROWING MARKET $1.01MNicaragua
2022
PRODUCT COMPLEXITY IN Asphalt-0.09Rnk 576 / 1025
2022
Imports $107MWorld Rnk 4 / 213
Flag Rnk 578 / 1214
2022
Origin $3.08M Italy
2021 - 2022
FASTEST GROWING ORIGIN $3.08MGermany
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $12.2M in Asphalt, making it the 28th largest exporter of Asphalt in the world. At the same year, Asphalt was the 820th most exported product in United Kingdom. The main destination of Asphalt exports from United Kingdom are: Ireland ($4.15M), Nicaragua ($1.01M), Qatar ($846k), China ($783k), and France ($739k).

The fastest growing export markets for Asphalt of United Kingdom between 2021 and 2022 were Nicaragua ($1.01M), China ($770k), and South Korea ($293k).

Imports In 2022, United Kingdom imported $107M in Asphalt, becoming the 4th largest importer of Asphalt in the world. At the same year, Asphalt was the 578th most imported product in United Kingdom. United Kingdom imports Asphalt primarily from: Italy ($35.6M), Germany ($25.2M), France ($14.5M), Poland ($7.6M), and Belgium ($4.32M).

The fastest growing import markets in Asphalt for United Kingdom between 2021 and 2022 were Germany ($3.08M), Italy ($2.3M), and Spain ($876k).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Asphalt exports accounted up to £927k and imports accounted up to £9.16M, resulting in a negative trade balance of £8.23M. Between August 2023 and August 2024 the exports of United Kingdom's   Asphalt have increased by £20.1k (2.22%) from £907k to £927k, while imports increased by £1.52M (19.9%) from £7.64M to £9.16M.

Destinations In August 2024, Asphalt were exported mostly to Ireland (£521k), Egypt (£62.8k), Trinidad and Tobago (£54.9k), France (£46.7k), and Mexico (£43.3k), and were imported mostly from Netherlands (£2.67M), Italy (£1.97M), France (£1.24M), Poland (£1.02M), and Belgium (£647k).

Growth In August 2024, the increase in Asphalt's year-by-year exports was explained primarily by an increase in exports to Ireland (£306k or 180%), Poland (£39.9k or 747%), and Iceland (£3.36k or 333%). In August 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from Italy (£1.17M or 117%), Portugal (£285k or 142%), and Turkey (£238k or 859%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£20.1k(2.22%)
IMPORT GROWTH (August 2023 - August 2024)£1.52M(19.9%)
MAIN EXPORTER (August 2024)London Gateway£585k
MAIN DESTINATION (August 2024)Ireland£521k

This section shows Asphalt's exports and imports data at subnational level for United Kingdom. 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)$12.2M
IMPORTS (2022)$107M
NET TRADE (2022)-$94.9M

In 2022, United Kingdom exported $12.2M in Asphalt. The main destinations of United Kingdom exports on Asphalt were Ireland ($4.15M), Nicaragua ($1.01M), Qatar ($846k), China ($783k), and France ($739k).

In 2022, United Kingdom imported $107M in Asphalt, mainly from Italy ($35.6M), Germany ($25.2M), France ($14.5M), Poland ($7.6M), and Belgium ($4.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Nicaragua$1.01M (1%)
China$770k (6k%)
South Korea$293k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY United Kingdom WERE (2021 - 2022):
Bahrain-$772k (-81.1%)
Ireland-$732k (-15%)
Qatar-$596k (-41.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Asphalt were:
United States $405M
Canada $373M
Italy $301M
In 2022, United Kingdom'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 POTENTIALFrance+ $532k
TOP IMPORT POTENTIALUnited States+ $2.19M

Asphalt’s highest export potential is France. With an export gap of $532k.   Asphalt’s highest import potential is United States with an import gap of $2.19M.

See methodology.

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