Asphalt2714 (Harmonized System 1992 for 4-digit)
World Trade (2018): $996M, Rnk 913 / 1225
Top Exporter (2018): $180M, United States
Top Importer (2018): $222M, Egypt
Product Complexity (2018): -0.94, Rnk 804 / 1018
Export Growth (CAGR)(2017 - 2018): 49.4%, Rnk 71 / 1225
Mean Tariff (2018): 5.15%, Rnk 802 / 1259
Share of World Trade (2018): 0.0054%, Rnk 913 / 1225
Overview: This page contains the latest trade data of Asphalt. In 2018, Asphalt were the world's 913th most traded product, with a total trade of $996M. Between 2017 and 2018 the exports of Asphalt grew by 49.4%, from $667M to $996M. Trade in Asphalt represent 0.0054% of total world trade.
Exports: In 2018 the top exporters of Asphalt were United States ($180M), Italy ($166M), Greece ($153M), Iran ($74.2M), and Spain ($58.6M).
Imports: In 2018 the top importers of Asphalt were Egypt ($222M), United States ($200M), Canada ($86.7M), Oman ($54.8M), and Spain ($43.3M).
Tariffs: In 2018 the average tariff for Asphalt was 5.15%, been the 802 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Asphalt are Trinidad and Tobago (28.4%), Bermuda (25%), Belize (20.9%), Jamaica (17.5%), and Barbados (16.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Maldives (0%).
Ranking: Asphalt ranks 804th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): United States, $180M
Top Destination (2018): Egypt, $222M
Asphalt are the world's 913th most traded product.
In 2018, the top exporters of Asphalt were United States ($180M), Italy ($166M), Greece ($153M), Iran ($74.2M), and Spain ($58.6M).
In 2018, the top importers of Asphalt were Egypt ($222M), United States ($200M), Canada ($86.7M), Oman ($54.8M), and Spain ($43.3M).
Trade by country
Top Origin Growth (2017 - 2018): United States, $106M
Top Destination Growth (2017 - 2018): United States, $122M
Between 2017 and 2018, the exports of Asphalt grew the fastest in United States ($106M), Greece ($87.2M), Italy ($61.2M), Canada ($30.6M), and China ($24.3M).
Between 2017 and 2018, the fastest growing importers of Asphalt were United States ($122M), Egypt ($98.8M), Costa Rica ($32.3M), Spain ($24.9M), and Canada ($22.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Asphalt.
In 2018, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Asphalt are explained by 16 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Asphalt were Italy ($165M), Greece ($153M), Iran ($74.1M), Belgium-Luxembourg ($25.8M), and China ($25.2M).
In 2018, the countries that had a largest trade value in imports than in exports of Asphalt were Egypt ($222M), Oman ($54.6M), Canada ($46.7M), Costa Rica ($32.3M), and Philippines ($27.3M).
In 2018, the average tariff for importing Asphalt was 5.15%. The countries with the highest tariffs for importing Asphalt were Trinidad and Tobago (28.4%), Bermuda (25%), Belize (20.9%), Jamaica (17.5%), and Barbados (16.2%).
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.
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