HS Icon Asphalt Mixtures

2715 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.76B, Rnk 771 / 1225

Top Exporter (2018): $415M, Malaysia

Top Importer (2018): $564M, China

Product Complexity (2018): -0.98, Rnk 814 / 1018

Export Growth (CAGR)(2017 - 2018): -45.9%, Rnk 1219 / 1225

Mean Tariff (2018): 6.22%, Rnk 677 / 1259

Share of World Trade (2018): 0.0096%, Rnk 771 / 1225

Overview:  This page contains the latest trade data of Asphalt Mixtures. In 2018, Asphalt Mixtures were the world's 771st most traded product, with a total trade of $1.76B. Between 2017 and 2018 the exports of Asphalt Mixtures decreased by -45.9%, from  $3.25B to $1.76B. Trade in Asphalt Mixtures represent 0.0096% of total world trade.

Exports: In 2018 the top exporters of Asphalt Mixtures  were Malaysia ($415M), Belarus ($268M), Indonesia ($150M), United States ($98.1M), and Canada ($96.9M).

Imports: In 2018 the top importers of Asphalt Mixtures were China ($564M), Netherlands ($290M), United States ($102M), United Kingdom ($63.4M), and France ($49.7M).

Tariffs: In 2018 the average tariff for Asphalt Mixtures was 6.22%, been the 677 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Asphalt Mixtures are Trinidad and Tobago (33.1%), Barbados (26.4%), Belize (26.1%), Bermuda (25%), and Jordan (23.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Asphalt Mixtures ranks 814th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Malaysia, $415M

Top Destination (2018): China, $564M

Asphalt Mixtures are the world's 771st most traded product.

In 2018, the top exporters of Asphalt Mixtures were Malaysia ($415M), Belarus ($268M), Indonesia ($150M), United States ($98.1M), and Canada ($96.9M).

In 2018, the top importers of Asphalt Mixtures were China ($564M), Netherlands ($290M), United States ($102M), United Kingdom ($63.4M), and France ($49.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $40M

Top Destination Growth (2017 - 2018): United Kingdom, $17.9M

Between 2017 and 2018, the exports of Asphalt Mixtures grew the fastest in Spain ($40M), Iraq ($31.7M), Canada ($25.7M), Thailand ($19.3M), and Malta ($13.6M).

Between 2017 and 2018, the fastest growing importers of Asphalt Mixtures were United Kingdom ($17.9M), France ($16.1M), Egypt ($13.9M), United States ($13.2M), and Malaysia ($13.1M).

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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 Mixtures.

In 2018,  market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Asphalt Mixtures are explained by 18 countries.

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TOP NET EXPORTER (2018): Malaysia, $376M

TOP NET IMPORTER (2018): China, $551M

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

In 2018, the countries that had a largest trade value in exports than in imports of Asphalt Mixtures were Malaysia ($376M), Belarus ($266M), Indonesia ($144M), Spain ($91.4M), and Canada ($65.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Asphalt Mixtures were China ($551M), Netherlands ($256M), United Kingdom ($40.9M), France ($33.7M), and Kenya ($24M).

Trade Forecasts

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This section shows forecasts for total trade for Asphalt Mixtures. 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 Mixtures was 6.22%.  The countries with the highest tariffs for importing Asphalt Mixtures were Trinidad and Tobago (33.1%), Barbados (26.4%), Belize (26.1%), Bermuda (25%), and Jordan (23.3%).

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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.