HS Icon Asphalt or similar material articles, in rolls

680710 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.29B, Rnk 1759 / 4726

Top Exporter (2018): $216M, Italy

Top Importer (2018): $157M, United States

Product Complexity (2018): -0.14, Rnk 2842 / 4873

Export Growth (CAGR)(2017 - 2018): 14.6%, Rnk 1955 / 4726

Mean Tariff (2018): 9.77%, Rnk 2330 / 6538

Share of World Trade (2018): 0.007%, Rnk 1759 / 4726

Overview:  This page contains the latest trade data of Asphalt or similar material articles, in rolls. In 2018, Asphalt or similar material articles, in rolls were the world's 1759th most traded product, with a total trade of $1.29B. Between 2017 and 2018 the exports of Asphalt or similar material articles, in rolls grew by 14.6%, from  $1.12B to $1.29B. Trade in Asphalt or similar material articles, in rolls represent 0.007% of total world trade.

Exports: In 2018 the top exporters of Asphalt or similar material articles, in rolls  were Italy ($216M), Russia ($136M), Germany ($102M), Canada ($101M), and Belgium-Luxembourg ($91.3M).

Imports: In 2018 the top importers of Asphalt or similar material articles, in rolls were United States ($157M), United Kingdom ($83.6M), Netherlands ($65.4M), Canada ($59.2M), and Germany ($54.3M).

Tariffs: In 2018 the average tariff for Asphalt or similar material articles, in rolls was 9.77%, been the 2330 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Asphalt or similar material articles, in rolls 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 or similar material articles, in rolls ranks 2842nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $216M

Top Destination (2018): United States, $157M

Asphalt or similar material articles, in rolls are the world's 1759th most traded product.

In 2018, the top exporters of Asphalt or similar material articles, in rolls were Italy ($216M), Russia ($136M), Germany ($102M), Canada ($101M), and Belgium-Luxembourg ($91.3M).

In 2018, the top importers of Asphalt or similar material articles, in rolls were United States ($157M), United Kingdom ($83.6M), Netherlands ($65.4M), Canada ($59.2M), and Germany ($54.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $37.9M

Top Destination Growth (2017 - 2018): United Arab Emirates, $30.4M

Between 2017 and 2018, the exports of Asphalt or similar material articles, in rolls grew the fastest in Saudi Arabia ($37.9M), Russia ($21.9M), Italy ($15.7M), Germany ($12.8M), and United Arab Emirates ($11.6M).

Between 2017 and 2018, the fastest growing importers of Asphalt or similar material articles, in rolls were United Arab Emirates ($30.4M), United States ($11.9M), Poland ($11.5M), Netherlands ($9.01M), and Canada ($7.33M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Asphalt or similar material articles, in rolls.

In 2018,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Asphalt or similar material articles, in rolls are explained by 22 countries.

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TOP NET EXPORTER (2018): Italy, $208M

TOP NET IMPORTER (2018): United States, $87.6M

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

In 2018, the countries that had a largest trade value in exports than in imports of Asphalt or similar material articles, in rolls were Italy ($208M), Russia ($131M), Saudi Arabia ($68.7M), Belgium-Luxembourg ($50.9M), and Germany ($48.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Asphalt or similar material articles, in rolls were United States ($87.6M), United Kingdom ($69.6M), Netherlands ($33M), Norway ($25M), and Poland ($22.9M).

Trade Forecasts

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

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Import Tariffs

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In 2018, the average tariff for importing Asphalt or similar material articles, in rolls was 9.77%.  The countries with the highest tariffs for importing Asphalt or similar material articles, in rolls were Sudan (35%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Cuba (29.1%).

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Product Complexity

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Diversification Frontier

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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.