Overview:  This page contains the latest trade data of Asphalt. In 2019, Asphalt were the world's 732nd most traded product, with a total trade of $1.97B. Between 2018 and 2019 the exports of Asphalt decreased by -10.6%, from $2.2B to $1.97B. Trade in Asphalt represent 0.011% of total world trade.

Exports: In 2019 the top exporters of Asphalt  were United States ($341M), Canada ($230M), Italy ($224M), Russia ($193M), and Germany ($119M).

Imports: In 2019 the top importers of Asphalt were Canada ($273M), United States ($273M), United Kingdom ($103M), Germany ($81.4M), and Netherlands ($75.4M).

Tariffs: In 2018 the average tariff for Asphalt was 9.84%, making it the 436th 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 540th in the Product Complexity Index (PCI).

Description: The asphalt or similar materials are used in the production of other goods. They can be made from a variety of materials, including petroleum bitumen, coal tar pitch, and natural asphalt.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $341M

Top Destination (2019): Canada, $273M

Asphalt are the world's 732nd most traded product.

In 2019, the top exporters of Asphalt were United States ($341M), Canada ($230M), Italy ($224M), Russia ($193M), and Germany ($119M).

In 2019, the top importers of Asphalt were Canada ($273M), United States ($273M), United Kingdom ($103M), Germany ($81.4M), and Netherlands ($75.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $19.9M

Top Destination Growth (2018 - 2019): Ukraine, $10.8M

Between 2018 and 2019, the exports of Asphalt grew the fastest in Russia ($19.9M), Saudi Arabia ($8.21M), Belarus ($6.74M), South Korea ($3.99M), and Mexico ($3.87M).

Between 2018 and 2019, the fastest growing importers of Asphalt were Ukraine ($10.8M), United Kingdom ($4.4M), Israel ($4.32M), Mexico ($2.48M), and Switzerland ($2.48M).

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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.

In 2019,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Asphalt are explained by 20 countries.

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TOP NET EXPORTER (2019): Italy, $209M

TOP NET IMPORTER (2019): United Kingdom, $85.1M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Asphalt were Italy ($209M), Russia ($178M), Saudi Arabia ($83M), United States ($68M), and Belgium ($62.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Asphalt were United Kingdom ($85.1M), Netherlands ($47.7M), Canada ($43.7M), Israel ($27.9M), and Ukraine ($27.3M).

Disaggregation

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Value

In 2019, the world most traded Asphalt, disaggragated by their HS6 level were Asphalt or similar material articles, in... ($1.26B) and Asphalt or similar material articles not... ($709M)

Import Tariffs

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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%).

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