Asphalt Mixtures2715 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.72B, Rnk 750 / 1217
2020 Top Exporter | Top Importer: $448M | $754M, China | Singapore
2020 Product Complexity: -0.53, Rnk 711 / 1028
2019 - 2020 Export Growth (CAGR): 3.91%, Rnk 230 / 1217
2018 Mean Tariff: 6.2%, Rnk 683 / 1259
2020 Share of World Trade: 0.01%, Rnk 750 / 1217
Overview This page contains the latest trade data of Asphalt Mixtures. In 2020, Asphalt Mixtures were the world's 750th most traded product, with a total trade of $1.72B. Between 2019 and 2020 the exports of Asphalt Mixtures grew by 3.91%, from $1.65B to $1.72B. Trade in Asphalt Mixtures represent 0.01% 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 2020 the top exporters of Asphalt Mixtures were Singapore ($448M), Malaysia ($230M), Russia ($216M), United States ($93.3M), and Canada ($85.7M).
Imports In 2020 the top importers of Asphalt Mixtures were China ($754M), United Arab Emirates ($125M), United States ($90M), France ($42M), and Netherlands ($37.4M).
Tariffs In 2018 the average tariff for Asphalt Mixtures was 6.2%, making it the 683rd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Asphalt Mixtures are Trinidad and Tobago (33.1%), Barbados (26.4%), Belize (25.9%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).
Ranking Asphalt Mixtures ranks 711th in the Product Complexity Index (PCI).
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.
Trade By Country
Asphalt Mixtures are the world's 750th most traded product.
In 2020, the top exporters of Asphalt Mixtures were Singapore ($448M), Malaysia ($230M), Russia ($216M), United States ($93.3M), and Canada ($85.7M).
In 2020, the top importers of Asphalt Mixtures were China ($754M), United Arab Emirates ($125M), United States ($90M), France ($42M), and Netherlands ($37.4M).
Trade by country
Between 2019 and 2020, the exports of Asphalt Mixtures grew the fastest in Singapore ($318M), Russia ($145M), Indonesia ($53.2M), Oman ($40.9M), and Belgium ($7.86M).
Between 2019 and 2020, the fastest growing importers of Asphalt Mixtures were China ($172M), United Arab Emirates ($122M), South Korea ($15.1M), Kazakhstan ($14.1M), and Finland ($13.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Asphalt Mixtures.
In 2020, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Asphalt Mixtures are explained by 16 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Asphalt Mixtures were Singapore ($447M), Russia ($210M), Malaysia ($209M), Indonesia ($60.4M), and Canada ($59.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Asphalt Mixtures were China ($747M), United Arab Emirates ($108M), Kenya ($31.5M), Kazakhstan ($30.8M), and Paraguay ($29.1M).
In 2019, the world most traded Asphalt Mixtures, disaggragated by their HS6 level were Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($1.72B)
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.
In 2018, the average tariff for importing Asphalt Mixtures was 6.2%. The countries with the highest tariffs for importing Asphalt Mixtures were Trinidad and Tobago (33.1%), Barbados (26.4%), Belize (25.9%), and Bermuda (25%).
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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