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HS Icon Asphalt Mixtures

Bituminous mixtures based on natural asphalt; on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (e.g. bituminous mastics, cut-backs)

2715 (Harmonized System 1992 for 4-digit)

2021
World Trade: $3.47B, Rnk 627 / 1217

2021
Top Exporter | Top Importer: $1.08B | $1.1B, Russia | China

2021
Product Complexity: -1.21, Rnk 884 / 1024

2020 - 2021
Export Growth (CAGR): 102%, Rnk 8 / 1217

2018
Mean Tariff: 6.2%, Rnk 683 / 1259

2021
Share of World Trade: 0.00017%, Rnk 627 / 1217

About

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Overview This page contains the latest trade data of Asphalt Mixtures. In 2021, Asphalt Mixtures were the world's 627th most traded product, with a total trade of $3.47B. Between 2020 and 2021 the exports of Asphalt Mixtures grew by 102%, from $1.72B to $3.47B. Trade in Asphalt Mixtures represent 0.00017% of total world trade.

Asphalt Mixtures are a part of Mineral fuels, mineral oils and products of their distillation. They include Bituminous mix, mastic from asphalt, bitumen/tar/pitc.

Exports In 2021 the top exporters of Asphalt Mixtures  were Russia ($1.08B), Singapore ($629M), Togo ($262M), Angola ($181M), and United States ($113M).

Imports In 2021 the top importers of Asphalt Mixtures were China ($1.1B), United Arab Emirates ($658M), South Korea ($260M), Switzerland ($226M), and United States ($128M).

Tariffs In 2018 the average tariff for Asphalt Mixtures was 6.2%, making it the 683rd lowest tariff using the HS4 product classification.

Ranking Asphalt Mixtures ranks 884th in the Product Complexity Index (PCI).

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Latest Data

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View
Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Russia, $1.08B

Top Destination (2021): China, $1.1B

Asphalt Mixtures are the world's 627th most traded product.

In 2021, the top exporters of Asphalt Mixtures were Russia ($1.08B), Singapore ($629M), Togo ($262M), Angola ($181M), and United States ($113M).

In 2021, the top importers of Asphalt Mixtures were China ($1.1B), United Arab Emirates ($658M), South Korea ($260M), Switzerland ($226M), and United States ($128M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Russia, $866M

Top Destination Growth (2020 -  2021): United Arab Emirates, $534M

Between 2020 and 2021, the exports of Asphalt Mixtures grew the fastest in Russia ($866M), Togo ($262M), Angola ($181M), Singapore ($161M), and Sri Lanka ($111M).

Between 2020 and 2021, the fastest growing importers of Asphalt Mixtures were United Arab Emirates ($534M), China ($364M), South Korea ($234M), Switzerland ($204M), and Malaysia ($95.7M).

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Market Concentration

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Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Asphalt Mixtures are explained by 14 countries.

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Net Trade

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TOP NET EXPORTER (2021): Russia, $1.07B

TOP NET IMPORTER (2021): China, $1.08B

This map shows which countries export or import more of Asphalt Mixtures. Each country is colored based on the difference in exports and imports of Asphalt Mixtures during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Asphalt Mixtures were Russia ($1.07B), Singapore ($612M), Togo ($262M), Angola ($181M), and Sri Lanka ($109M).

In 2021, the countries that had a largest trade value in imports than in exports of Asphalt Mixtures were China ($1.08B), United Arab Emirates ($627M), South Korea ($238M), Switzerland ($220M), and Malaysia ($69M).

Disaggregation

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Value

In 2021, the world most traded Asphalt Mixtures, disaggragated by their HS6 level were Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($3.47B)

Country Comparison

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Flow
Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.

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

Country by Relatedness

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

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