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2022
Exports $31.2MWorld Rnk 8 / 131
Flag Rnk 1003 / 1216
2022
Destination $23M Singapore
2021 - 2022
FASTEST GROWING MARKET $23MSingapore
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $9.11MWorld Rnk 19 / 189
Flag Rnk 1020 / 1212
2022
Origin $1.88M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $1.88MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $31.2M in Bitumen and asphalt, making it the 8th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1003rd most exported product in China. The main destination of Bitumen and asphalt exports from China are: Singapore ($23M), Philippines ($3.56M), Angola ($2.1M), Kuwait ($305k), and Oman ($305k).

The fastest growing export markets for Bitumen and asphalt of China between 2021 and 2022 were Singapore ($23M), Angola ($2.1M), and Philippines ($1.9M).

Imports In 2022, China imported $9.11M in Bitumen and asphalt, becoming the 19th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1020th most imported product in China. China imports Bitumen and asphalt primarily from: Indonesia ($3.58M), Iran ($3.1M), United Arab Emirates ($1.21M), United States ($514k), and Trinidad and Tobago ($464k).

The fastest growing import markets in Bitumen and asphalt for China between 2021 and 2022 were Indonesia ($1.88M), Iran ($1.2M), and Trinidad and Tobago ($451k).

COMPANIES In 2023, leading companies such as At Home Procurement (9) and Amazon (1) were at the forefront of shipping Bitumen and asphalt from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Bitumen and asphalt exports accounted up to $176k and imports accounted up to $1.19M, resulting in a negative trade balance of $1.01M. Between October 2023 and October 2024 the exports of China's   Bitumen and asphalt have increased by $88.5k (101%) from $87.3k to $176k, while imports increased by $1.07M (936%) from $115k to $1.19M.

Destinations In October 2024, Bitumen and asphalt were exported mostly to Hong Kong ($64.3k), North Korea ($37.3k), Indonesia ($18.7k), Chinese Taipei ($15.6k), and Canada ($14.2k), and were imported mostly from Canada ($836k), United Arab Emirates ($326k), Iran ($21.1k), and Trinidad and Tobago ($4.2k).

Growth In October 2024, the increase in Bitumen and asphalt's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Bitumen and asphalt's year-by-year imports was explained primarily by an increase in imports from United States ($9.31k or 1.62k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$88.5k(101%)
IMPORT GROWTH (October 2023 - October 2024)$1.07M(936%)
MAIN EXPORTER (October 2024)Guangdong Province$64.3k
MAIN DESTINATION (October 2024)Hong Kong$64.3k

This section shows Bitumen and 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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.2M
IMPORTS (2022)$9.11M
NET TRADE (2022)$22.1M

In 2022, China exported $31.2M in Bitumen and asphalt. The main destinations of China exports on Bitumen and asphalt were Singapore ($23M), Philippines ($3.56M), Angola ($2.1M), Kuwait ($305k), and Oman ($305k).

In 2022, China imported $9.11M in Bitumen and asphalt, mainly from Indonesia ($3.58M), Iran ($3.1M), United Arab Emirates ($1.21M), United States ($514k), and Trinidad and Tobago ($464k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$23M (1.06M%)
Angola$2.1M (6.56M%)
Philippines$1.9M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY China WERE (2021 - 2022):
Malaysia-$952k (-92.6%)
New Zealand-$651k (-100%)
Vietnam-$645k (-91.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, China's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $288k
TOP IMPORT POTENTIALUnited Arab Emirates+ $1.2M

Bitumen and asphalt’s highest export potential is India. With an export gap of $288k.   Bitumen and asphalt’s highest import potential is United Arab Emirates with an import gap of $1.2M.

See methodology.

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