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2023
Exports $1.75MWorld Rnk 41 / 125
Flag Rnk 952 / 1212
2023
Destination $722k United States
2022 - 2023
FASTEST GROWING MARKET $722kChina
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2023
Imports $54.5MWorld Rnk 4 / 188
Flag Rnk 657 / 1211
2023
Origin $162k United States
2022 - 2023
FASTEST GROWING ORIGIN $162kIreland
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.75M in Bitumen and asphalt, making it the 41st largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 952nd most exported product in Canada. The main destination of Bitumen and asphalt exports from Canada are: United States ($939k), China ($723k), Jamaica ($52.8k), Germany ($31.7k), and France ($3.67k).

The fastest growing export markets for Bitumen and asphalt of Canada between 2022 and 2023 were China ($722k), Germany ($31.7k), and Jamaica ($8.74k).

Imports In 2023, Canada imported $54.5M in Bitumen and asphalt, becoming the 4th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 657th most imported product in Canada. Canada imports Bitumen and asphalt primarily from: United States ($53.9M), Ireland ($162k), Argentina ($112k), India ($104k), and United Arab Emirates ($84.9k).

The fastest growing import markets in Bitumen and asphalt for Canada between 2022 and 2023 were Ireland ($162k), Argentina ($112k), and United Arab Emirates ($84.6k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Bitumen and asphalt exports accounted up to C$26.9k and imports accounted up to C$898k, resulting in a negative trade balance of C$871k. Between November 2023 and November 2024 the exports of Canada's   Bitumen and asphalt have decreased by C$-750k (-96.5%) from C$777k to C$26.9k, while imports increased by C$541k (152%) from C$357k to C$898k.

Destinations In November 2024, Bitumen and asphalt were exported mostly to United States (C$26.9k), and were imported mostly from United States (C$778k), Argentina (C$120k), Canada (C$280), Finland (C$136), and Australia (C$11).

Growth In November 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to United States (C$-10.5M or -99.8%). In November 2024, the increase in Bitumen and asphalt's year-by-year imports was explained primarily by an increase in imports from United States (C$580k or 7.39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-750k(-96.5%)
IMPORT GROWTH (November 2023 - November 2024)C$541k(152%)
MAIN EXPORTER (November 2024)New BrunswickC$8.6M
MAIN DESTINATION (November 2024)United StatesC$26.9k

This section shows Bitumen and asphalt's exports and imports data at subnational level for Canada. 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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.75M
IMPORTS (2023)$54.5M
NET TRADE (2023)-$52.7M

In 2023, Canada exported $1.75M in Bitumen and asphalt. The main destinations of Canada exports on Bitumen and asphalt were United States ($939k), China ($723k), Jamaica ($52.8k), Germany ($31.7k), and France ($3.67k).

In 2023, Canada imported $54.5M in Bitumen and asphalt, mainly from United States ($53.9M), Ireland ($162k), Argentina ($112k), India ($104k), and United Arab Emirates ($84.9k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Canada WERE (2022 - 2023):
China$722k (56.2k%)
Germany$31.7k (1%)
Jamaica$8.74k (19.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Canada WERE (2022 - 2023):
United States-$48.9M (-98.1%)
Bermuda-$58.7k (-100%)
South Africa-$6.4k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Bitumen and asphalt were:
United States $131M
Iraq $114M
Bahrain $52.7M
In 2023, Canada's main importing competitors in Bitumen and asphalt were:
United Arab Emirates $140M
France $123M
Uruguay $60.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $35.8k
TOP IMPORT POTENTIALIndia+ $136k

Bitumen and asphalt’s highest export potential is France. With an export gap of $35.8k.   Bitumen and asphalt’s highest import potential is India with an import gap of $136k.

See methodology.

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