Bitumen and asphaltBitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
2714 (Harmonized System 1992 for 4-digit)
2021 World Trade: $1.03B, Rnk 923 / 1217
2021 Top Exporter | Top Importer: $177M | $198M, Canada | United States
2021 Product Complexity: -1, Rnk 834 / 1024
2020 - 2021 Export Growth (CAGR): -6.7%, Rnk 1168 / 1217
2018 Mean Tariff: 5.12%, Rnk 815 / 1259
2021 Share of World Trade: <0.01%, Rnk 923 / 1217
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.
The following visualization shows the latest trends on Bitumen and 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.
Trade By Country
Top Origin (2021): Canada, $177M
Top Destination (2021): United States, $198M
Bitumen and asphalt are the world's 923rd most traded product.
In 2021, the top exporters of Bitumen and asphalt were Canada ($177M), United States ($168M), Spain ($107M), Turkey ($90.1M), and Italy ($84.7M).
In 2021, the top importers of Bitumen and asphalt were United States ($198M), Egypt ($165M), France ($115M), Canada ($64.3M), and Cambodia ($33.4M).
Trade by country
Between 2020 and 2021, the exports of Bitumen and asphalt grew the fastest in Canada ($132M), Italy ($68.1M), Turkey ($48.5M), Spain ($40M), and United States ($26.1M).
Between 2020 and 2021, the fastest growing importers of Bitumen and asphalt were Egypt ($81.9M), France ($63.8M), India ($25.2M), United States ($18M), and Canada ($16.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Bitumen and asphalt.
In 2021, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Bitumen and asphalt are explained by 16 countries.
This map shows which countries export or import more of Bitumen and asphalt. Each country is colored based on the difference in exports and imports of Bitumen and asphalt during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Bitumen and asphalt were Canada ($113M), Spain ($107M), Turkey ($88.9M), Italy ($83.9M), and United Arab Emirates ($70.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Bitumen and asphalt were Egypt ($164M), France ($114M), Mexico ($33.3M), Costa Rica ($31.7M), and United States ($29.7M).
In 2021, the world most traded Bitumen and asphalt, disaggragated by their HS6 level were Bitumen and asphalt, asphaltites and asphaltic... ($1B) and Bituminous or oil shale and tar... ($32.5M)
This visualization shows the countries that have an important ratio of their trade related to Bitumen and asphalt. It is possible to select the main countries that export or import Bitumen and asphalt in the world, or by continent, as well as select the measure of interest.
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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