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2022
Exports $405MWorld Rnk 1 / 135
Flag Rnk 436 / 1217
2022
Destination $27.4M Canada
2021 - 2022
FASTEST GROWING MARKET $27.4MCanada
2022
PRODUCT COMPLEXITY IN Asphalt-0.09Rnk 576 / 1025
2022
Imports $422MWorld Rnk 1 / 213
Flag Rnk 589 / 1216
2022
Origin $81.8M Canada
2021 - 2022
FASTEST GROWING ORIGIN $81.8MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $405M in Asphalt, making it the 1st largest exporter of Asphalt in the world. At the same year, Asphalt was the 436th most exported product in United States. The main destination of Asphalt exports from United States are: Canada ($330M), Chile ($13.9M), Mexico ($9.96M), Bahamas ($6.74M), and New Zealand ($6M).

The fastest growing export markets for Asphalt of United States between 2021 and 2022 were Canada ($27.4M), Dominican Republic ($1.62M), and New Zealand ($1.22M).

Imports In 2022, United States imported $422M in Asphalt, becoming the 1st largest importer of Asphalt in the world. At the same year, Asphalt was the 589th most imported product in United States. United States imports Asphalt primarily from: Canada ($354M), Mexico ($18.4M), United Arab Emirates ($16.3M), Serbia ($9.79M), and Italy ($9.59M).

The fastest growing import markets in Asphalt for United States between 2021 and 2022 were Canada ($81.8M), Serbia ($3.11M), and Venezuela ($1.38M).

COMPANIES In 2023, leading companies such as Continental Materials (24), Amazon (2), and REI (Recreational Equipment Incorporated) (2) were at the forefront of shipping Asphalt to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Asphalt exports accounted up to $29.3M and imports accounted up to $59.2M, resulting in a negative trade balance of $29.9M. Between October 2023 and October 2024 the exports of United States'   Asphalt have increased by $5.91M (25.2%) from $23.4M to $29.3M, while imports increased by $7.22M (13.9%) from $52M to $59.2M.

Destinations In October 2024, Asphalt were exported mostly to Canada ($25.4M), Mexico ($1.28M), Bahamas ($444k), New Zealand ($327k), and Saudi Arabia ($299k), and were imported mostly from Canada ($48.1M), United Arab Emirates ($4.99M), Mexico ($3.36M), Germany ($486k), and Turkey ($402k).

Growth In October 2024, the increase in Asphalt's year-by-year exports was explained primarily by an increase in exports to Canada ($4.46M or 23.5%), Dominican Republic ($157k or 247%), and Australia ($106k or 130%). In October 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates ($2.41M or 189%), Germany ($371k or 182%), and Serbia ($140k or 26.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.91M(25.2%)
IMPORT GROWTH (October 2023 - October 2024)$7.22M(13.9%)
MAIN EXPORTER (October 2024)Indiana$8.83M
MAIN DESTINATION (October 2024)Canada$25.4M

This section shows Asphalt's exports and imports data at subnational level for United States. 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)$405M
IMPORTS (2022)$422M
NET TRADE (2022)-$17.3M

In 2022, United States exported $405M in Asphalt. The main destinations of United States exports on Asphalt were Canada ($330M), Chile ($13.9M), Mexico ($9.96M), Bahamas ($6.74M), and New Zealand ($6M).

In 2022, United States imported $422M in Asphalt, mainly from Canada ($354M), Mexico ($18.4M), United Arab Emirates ($16.3M), Serbia ($9.79M), and Italy ($9.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$27.4M (9.06%)
Dominican Republic$1.62M (111%)
New Zealand$1.22M (25.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY United States WERE (2021 - 2022):
Japan-$3M (-34.2%)
Saudi Arabia-$2.68M (-70.9%)
Chile-$2.64M (-15.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $2.19M
TOP IMPORT POTENTIALItaly+ $6.35M

Asphalt’s highest export potential is United Kingdom. With an export gap of $2.19M.   Asphalt’s highest import potential is Italy with an import gap of $6.35M.

See methodology.

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