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Pricing

Asphalt or similar material; articles (e.g. petroleum bitumen or coal tar pitch)

6807 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.43BRnk 719 / 1217
2023
Top Exporter | Top Importer $437M | $527MCanada | United States
2023
Product Complexity -0.24Rnk 646 / 1044
2022 - 2023
Export Growth (CAGR) -2.1%Rnk 476 / 1217
2023
Share of World Trade 0.011%Rnk 719 / 1217

About

Overview This page contains the latest trade data of Asphalt. In 2023, Asphalt were the world's 719th most traded product, with a total trade of $2.43B. Between 2022 and 2023 the exports of Asphalt decreased by -2.1%, from $2.48B to $2.43B. Trade in Asphalt represent 0.011% of total world trade.

Asphalt are a part of Stone, plaster, cement, asbestos, mica.. They include Asphalt or similar material articles, in rolls and Asphalt or similar material articles not in rolls.

Exports In 2023 the top exporters of Asphalt  were Canada ($437M), United States ($355M), Italy ($290M), Germany ($157M), and Belgium ($126M).

Imports In 2023 the top importers of Asphalt were United States ($527M), Canada ($291M), Netherlands ($134M), United Kingdom ($114M), and France ($59.9M).

Ranking Asphalt ranks 646th in the Product Complexity Index (PCI).

Description The asphalt or similar materials are used in the production of other goods. They can be made from a variety of materials, including petroleum bitumen, coal tar pitch, and natural asphalt.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Asphalt. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Canada$437M
Top Destination (2023)United States$527M

In 2023 Asphalt were the world's 719th most traded product (out of 1,217).

In 2023, the top exporters of Asphalt were Canada ($437M), United States ($355M), Italy ($290M), Germany ($157M), and Belgium ($126M).

In 2023, the top importers of Asphalt were United States ($527M), Canada ($291M), Netherlands ($134M), United Kingdom ($114M), and France ($59.9M).

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Exporters of Asphalt (2023)
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Importers of Asphalt (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$69M
Top Destination Growth (2022 -  2023)United States$90.6M

Between 2022 and 2023, the exports of Asphalt grew the fastest in Canada ($69M), United Arab Emirates ($40.7M), Saudi Arabia ($15.1M), China ($13.9M), and Egypt ($13M).

Between 2022 and 2023, the fastest growing importers of Asphalt were United States ($90.6M), Cayman Islands ($12.9M), Philippines ($12.7M), Kuwait ($8.89M), and Ukraine ($5.5M).

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Exporters of Asphalt (2022 - 2023)

Importers of Asphalt (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Asphalt.

In 2023, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Asphalt are explained by 19 countries.

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Value of Exports in Asphalt

Net Trade

TOP NET EXPORTER (2023)Italy$273M
TOP NET IMPORTER (2023)United States$172M

This map shows which countries export or import more of Asphalt. Each country is colored based on the difference in exports and imports of Asphalt during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Asphalt were Italy ($273M), Canada ($146M), Germany ($106M), Belgium ($103M), and Saudi Arabia ($82.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Asphalt were United States ($172M), Netherlands ($115M), United Kingdom ($104M), Czechia ($37.3M), and Kazakhstan ($33.3M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Asphalt, disaggragated by their HS6 level were Asphalt or similar material articles, in... ($1.55B) and Asphalt or similar material articles not... ($875M)

HS6 Disaggregation for Asphalt (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Asphalt.
It is possible to select the main countries that export or import Asphalt in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Asphalt by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.62M
TOP IMPORT POTENTIALFrance+ $1.51M

Asphalt’s highest export potential is India. With an export gap of $1.62M.  Asphalt’s highest import potential is France with an import gap of $1.51M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Asphalt.

Country by Relatedness

The following visualization shows the relatedness of Asphalt to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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