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.