Overview This page contains the latest trade data of Petroleum bitumen. In 2022, Petroleum bitumen were the world's 243rd most traded product, with a total trade of $15B. Between 2021 and 2022 the exports of Petroleum bitumen grew by 9.01%, from $13.7B to $15B. Trade in Petroleum bitumen represent 0.063% of total world trade.
Petroleum bitumen are a part of Petroleum Coke.
Exports In 2022 the top exporters of Petroleum bitumen were Canada ($2.71B), Singapore ($1.53B), South Korea ($1.09B), United Arab Emirates ($963M), and Germany ($851M).
Imports In 2022 the top importers of Petroleum bitumen were United States ($2.93B), China ($1.41B), India ($921M), France ($555M), and Indonesia ($477M).
Ranking Petroleum bitumen ranks 3497th in the Product Complexity Index (PCI).
Description Petroleum bitumen is the thick, sticky, black substance that is composed of large molecules. The oil sands of Canada are one of the largest sources of petroleum bitumen. The substance is refined into crude oil, which can then be used for fuel for vehicles or in the production of plastics.