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.