Asphalt in United States | The Observatory of Economic Complexity

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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 INC. (288) and RECREATIONAL EQUIPMENT INC (8) were at the forefront of shipping Asphalt to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Asphalt exports accounted up to $27M and imports accounted up to $31.8M, resulting in a negative trade balance of $4.82M. Between January 2023 and January 2024 the exports of United States' Asphalt have decreased by $-460k (-1.68%) from $27.4M to $27M, while imports increased by $184k (0.58%) from $31.6M to $31.8M.

Destinations In January 2024, Asphalt were exported mostly to Canada ($22.9M), Mexico ($1.05M), Bahamas ($766k), Chile ($459k), and New Zealand ($362k), and were imported mostly from Canada ($26.7M), Mexico ($2.7M), United Arab Emirates ($1.3M), Italy ($595k), and Germany ($137k).

Growth In January 2024, the decrease in Asphalt's year-by-year exports was explained primarily by a decrease in exports to Japan ($-885k or -81.9%), Chile ($-398k or -42.1%), and Costa Rica ($-104k or -79.5%). In January 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-460k(-1.68%)

IMPORT GROWTH (January 2023 - January 2024)$184k(0.58%)

MAIN EXPORTER (January 2024)Indiana$5.97M

MAIN DESTINATION (January 2024)Canada$22.9M

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

Trade Value

Growth

Growth (%)

Year

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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