Overview: This page contains the latest trade data of Petroleum bitumen. In 2018, Petroleum bitumen were the world's 292nd most traded product, with a total trade of $10.6B. Between 2017 and 2018 the exports of Petroleum bitumen grew by 31.4%, from $8.05B to $10.6B. Trade in Petroleum bitumen represent 0.058% of total world trade.
Exports: In 2018 the top exporters of Petroleum bitumen were South Korea ($1.41B), Singapore ($1.06B), Canada ($965M), Spain ($844M), and Germany ($749M).
Imports: In 2018 the top importers of Petroleum bitumen were China ($1.65B), United States ($1.33B), France ($415M), Indonesia ($403M), and Australia ($391M).
Tariffs: In 2018 the average tariff for Petroleum bitumen was 5.07%, been the 4087 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Petroleum bitumen are Trinidad and Tobago (33.1%), Turkmenistan (30%), Barbados (26.8%), Belize (26.4%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Maldives (0%).
Ranking: Petroleum bitumen ranks 3481st in the Product Complexity Index (PCI).