Overview This page contains the latest trade data of Bitumen and asphalt. In 2021, Bitumen and asphalt were the world's 923rd most traded product, with a total trade of $1.03B. Between 2020 and 2021 the exports of Bitumen and asphalt decreased by -6.7%, from $1.11B to $1.03B. Trade in Bitumen and asphalt represent 0.000049% of total world trade.
Bitumen and asphalt are a part of Mineral fuels, mineral oils and products of their distillation. They include Bitumen and asphalt, asphaltites and asphaltic rocks and Bituminous or oil shale and tar sands.
Exports In 2021 the top exporters of Bitumen and asphalt were Canada ($177M), United States ($168M), Spain ($107M), Turkey ($90.1M), and Italy ($84.7M).
Imports In 2021 the top importers of Bitumen and asphalt were United States ($198M), Egypt ($165M), France ($115M), Canada ($64.3M), and Cambodia ($33.4M).
Tariffs In 2018 the average tariff for Bitumen and asphalt was 5.12%, making it the 815th lowest tariff using the HS4 product classification.
Ranking Bitumen and asphalt ranks 834th 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.