HS Icon Asphalt

6807 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.17B, Rnk 719 / 1225

Top Exporter (2018): $408M, United States

Top Importer (2018): $329M, Canada

Product Complexity (2018): 0.044, Rnk 527 / 1018

Export Growth (CAGR)(2017 - 2018): 11.5%, Rnk 700 / 1225

Mean Tariff (2018): 9.84%, Rnk 436 / 1259

Share of World Trade (2018): 0.012%, Rnk 719 / 1225

Overview:  This page contains the latest trade data of Asphalt. In 2018, Asphalt were the world's 719th most traded product, with a total trade of $2.17B. Between 2017 and 2018 the exports of Asphalt grew by 11.5%, from  $1.95B to $2.17B. Trade in Asphalt represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Asphalt  were United States ($408M), Italy ($237M), Canada ($229M), Russia ($173M), and Germany ($145M).

Imports: In 2018 the top importers of Asphalt were Canada ($329M), United States ($282M), Germany ($102M), United Kingdom ($99.1M), and Netherlands ($77.8M).

Tariffs: In 2018 the average tariff for Asphalt was 9.84%, been the 436 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Asphalt are Sudan (35%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Cuba (29.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Asphalt ranks 527th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $408M

Top Destination (2018): Canada, $329M

Asphalt are the world's 719th most traded product.

In 2018, the top exporters of Asphalt were United States ($408M), Italy ($237M), Canada ($229M), Russia ($173M), and Germany ($145M).

In 2018, the top importers of Asphalt were Canada ($329M), United States ($282M), Germany ($102M), United Kingdom ($99.1M), and Netherlands ($77.8M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $42.6M

Top Destination Growth (2017 - 2018): United Arab Emirates, $38.9M

Between 2017 and 2018, the exports of Asphalt grew the fastest in Saudi Arabia ($42.6M), United States ($27.5M), Oman ($26.8M), Germany ($22.7M), and Russia ($20.6M).

Between 2017 and 2018, the fastest growing importers of Asphalt were United Arab Emirates ($38.9M), Yemen ($25.2M), Canada ($24.2M), Poland ($20.8M), and Germany ($17.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Asphalt.

In 2018,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Asphalt are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Italy, $223M

TOP NET IMPORTER (2018): Canada, $99.4M

This map shows which countries export or import more of Asphalt. Each country is colored based on the difference in exports and imports of Asphalt during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Asphalt were Italy ($223M), Russia ($154M), United States ($125M), Saudi Arabia ($65.2M), and France ($54M).

In 2018, the countries that had a largest trade value in imports than in exports of Asphalt were Canada ($99.4M), United Kingdom ($83.3M), Netherlands ($39.6M), Hungary ($25.2M), and Chile ($24.8M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Asphalt. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Asphalt was 9.84%.  The countries with the highest tariffs for importing Asphalt were Sudan (35%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Cuba (29.1%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.