HS Icon Bitumen and asphalt

Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks

2714 (Harmonized System 1992 for 4-digit)

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.

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Canada, $132M

Top Destination Growth (2020 -  2021): Egypt, $81.9M

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).

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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 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.

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TOP NET EXPORTER (2021): Canada, $113M

TOP NET IMPORTER (2021): Egypt, $164M

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).

Disaggregation

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Value

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)

Country Comparison

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Ranking

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.

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 Bitumen and asphalt to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.