Overview This page contains the latest trade data of Asphalt. In 2020, Asphalt were the world's 883rd most traded product, with a total trade of $1.03B. Between 2019 and 2020 the exports of Asphalt grew by 3.85%, from $994M to $1.03B. Trade in Asphalt represent 0.0062% of total world trade.

Asphalt are a part of Mineral fuels, mineral oils and products of their distillation. They include Bitumen and asphalt, asphaltites and asphaltic rocksand Bituminous or oil shale and tar sands.

Exports In 2020 the top exporters of Asphalt  were Bahrain ($214M), Greece ($184M), United States ($141M), Spain ($67.5M), and United Arab Emirates ($51.9M).

Imports In 2020 the top importers of Asphalt were Saudi Arabia ($279M), United States ($180M), Egypt ($82M), France ($51.1M), and Canada ($48.2M).

Tariffs In 2018 the average tariff for Asphalt was 5.12%, making it the 815th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Asphalt are Trinidad and Tobago (28.4%), Bermuda (25%), Cayman Islands (22%), and Belize (20.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Maldives (0%).

Ranking Asphalt ranks 800th in the Product Complexity Index (PCI).

Description Bitumen is a black, sticky, tar-like form of petroleum. It is used to make asphalt, which is a black, sticky, tar-like substance that is used for paving roads. Bituminous or oil-shale is a type of rock that is used to produce bitumen. Tar sands are another type of rock that is used to produce bitumen. Bitumen is also used to seal the joints in asphalt pavements. Asphaltites are rocks that contain bitumen. Asphaltic rocks are rocks that contain asphaltites.

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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.

* 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 (2020): Bahrain, $214M

Top Destination (2020): Saudi Arabia, $279M

Asphalt are the world's 883rd most traded product.

In 2020, the top exporters of Asphalt were Bahrain ($214M), Greece ($184M), United States ($141M), Spain ($67.5M), and United Arab Emirates ($51.9M).

In 2020, the top importers of Asphalt were Saudi Arabia ($279M), United States ($180M), Egypt ($82M), France ($51.1M), and Canada ($48.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Bahrain, $202M

Top Destination Growth (2019 - 2020): Saudi Arabia, $278M

Between 2019 and 2020, the exports of Asphalt grew the fastest in Bahrain ($202M), Greece ($34.2M), Turkey ($17.2M), Canada ($9.06M), and Malaysia ($4.93M).

Between 2019 and 2020, the fastest growing importers of Asphalt were Saudi Arabia ($278M), United States ($28.5M), Mexico ($24.2M), France ($23.7M), and Dominican Republic ($11M).

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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.

In 2020,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Asphalt are explained by 16 countries.

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TOP NET EXPORTER (2020): Bahrain, $214M

TOP NET IMPORTER (2020): Egypt, $81.8M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Asphalt were Bahrain ($214M), Greece ($184M), Spain ($59.8M), United Arab Emirates ($44.2M), and Turkey ($41.2M).

In 2020, the countries that had a largest trade value in imports than in exports of Asphalt were Egypt ($81.8M), France ($40.3M), United States ($38.2M), Mexico ($37.9M), and Philippines ($26M).

Disaggregation

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Value

In 2019, the world most traded Asphalt, disaggragated by their HS6 level were Bitumen and asphalt, asphaltites and asphaltic... ($988M)and Bituminous or oil shale and tar... ($45M)

Country Comparison

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Measure
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.

Import Tariffs

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In 2018, the average tariff for importing Asphalt was 5.12%. The countries with the highest tariffs for importing Asphalt were Trinidad and Tobago (28.4%), Bermuda (25%), Cayman Islands (22%), and Belize (20.9%).

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.

Country by Relatedness

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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.