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271490 (Harmonized System 1992 for 6-digit)

2022
World Trade $966MRnk 2243 / 4648
2022
Top Exporter | Top Importer $210M | $206MTurkey | Egypt
2022
Product Complexity -1.04Rnk 3870 / 4653
2021 - 2022
Export Growth (CAGR) -5.36%Rnk 3596 / 4648
2022
Share of World Trade 0.0041%Rnk 2243 / 4648

About

Overview This page contains the latest trade data of Bitumen and asphalt, asphaltites and asphaltic rocks. In 2022, Bitumen and asphalt, asphaltites and asphaltic rocks were the world's 2243rd most traded product, with a total trade of $966M. Between 2021 and 2022 the exports of Bitumen and asphalt, asphaltites and asphaltic rocks decreased by -5.36%, from $1.02B to $966M. Trade in Bitumen and asphalt, asphaltites and asphaltic rocks represent 0.0041% of total world trade.

Bitumen and asphalt, asphaltites and asphaltic rocks are a part of Bitumen and asphalt.

Exports In 2022 the top exporters of Bitumen and asphalt, asphaltites and asphaltic rocks  were Turkey ($210M), United States ($165M), Spain ($62.9M), United Arab Emirates ($52.6M), and Canada ($49.1M).

Imports In 2022 the top importers of Bitumen and asphalt, asphaltites and asphaltic rocks were Egypt ($206M), France ($100M), Canada ($78.2M), Philippines ($57.3M), and United States ($55.9M).

Ranking Bitumen and asphalt, asphaltites and asphaltic rocks ranks 3870th in the Product Complexity Index (PCI).

Description Bitumen is a black, sticky substance that is a natural occurring asphalt or tar. It is often used for road paving, roofing, and waterproofing. Asphaltites are sedimentary rocks with high amounts of tar. They are often used in road construction.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Bitumen and asphalt, asphaltites and asphaltic rocks. Countries are shown based on data availability.

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

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* 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 (2022)Turkey$210M
Top Destination (2022)Egypt$206M

In 2022 Bitumen and asphalt, asphaltites and asphaltic rocks were the world's 2243rd most traded product (out of 4,648).

In 2022, the top exporters of Bitumen and asphalt, asphaltites and asphaltic rocks were Turkey ($210M), United States ($165M), Spain ($62.9M), United Arab Emirates ($52.6M), and Canada ($49.1M).

In 2022, the top importers of Bitumen and asphalt, asphaltites and asphaltic rocks were Egypt ($206M), France ($100M), Canada ($78.2M), Philippines ($57.3M), and United States ($55.9M).

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Exporters of Bitumen and asphalt, asphaltites and asphaltic rocks (2022)
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Importers of Bitumen and asphalt, asphaltites and asphaltic rocks (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Turkey$120M
Top Destination Growth (2021 -  2022)Egypt$48.1M

Between 2021 and 2022, the exports of Bitumen and asphalt, asphaltites and asphaltic rocks grew the fastest in Turkey ($120M), Iraq ($33.3M), China ($24.8M), Chinese Taipei ($18.6M), and South Korea ($9.64M).

Between 2021 and 2022, the fastest growing importers of Bitumen and asphalt, asphaltites and asphaltic rocks were Egypt ($48.1M), Singapore ($26.6M), United Arab Emirates ($26.2M), Philippines ($24.3M), and Uruguay ($19.2M).

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Exporters of Bitumen and asphalt, asphaltites and asphaltic rocks (2021 - 2022)

Importers of Bitumen and asphalt, asphaltites and asphaltic rocks (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bitumen and asphalt, asphaltites and asphaltic rocks.

In 2022, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Bitumen and asphalt, asphaltites and asphaltic rocks are explained by 19 countries.

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Value of Exports in Bitumen and asphalt, asphaltites and asphaltic rocks

Net Trade

TOP NET EXPORTER (2022)Turkey$209M
TOP NET IMPORTER (2022)Egypt$205M

This map shows which countries export or import more of Bitumen and asphalt, asphaltites and asphaltic rocks. Each country is colored based on the difference in exports and imports of Bitumen and asphalt, asphaltites and asphaltic rocks during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bitumen and asphalt, asphaltites and asphaltic rocks were Turkey ($209M), United States ($109M), Spain ($62.7M), Iraq ($35.8M), and Italy ($24.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Bitumen and asphalt, asphaltites and asphaltic rocks were Egypt ($205M), France ($99.7M), Vietnam ($34.4M), Canada ($29M), and Mexico ($25.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Bitumen and asphalt, asphaltites and asphaltic rocks by percentage of total exports

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 (2022)

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