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2022
Exports $88.6MWorld Rnk 8 / 131
Flag Rnk 892 / 1216
2022
Destination $32.5M Malaysia
2021 - 2022
FASTEST GROWING MARKET $32.5MMalaysia
2022
PRODUCT COMPLEXITY IN Asphalt Mixtures-1.14Rnk 867 / 1025
2022
Imports $206MWorld Rnk 2 / 210
Flag Rnk 509 / 1212
2022
Origin $54M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $54MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $88.6M in Asphalt Mixtures, making it the 8th largest exporter of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 892nd most exported product in China. The main destination of Asphalt Mixtures exports from China are: Malaysia ($48M), China ($28M), Hong Kong ($3.14M), Indonesia ($1.42M), and South Korea ($1.28M).

The fastest growing export markets for Asphalt Mixtures of China between 2021 and 2022 were Malaysia ($32.5M), China ($28M), and Hong Kong ($1.74M).

Imports In 2022, China imported $206M in Asphalt Mixtures, becoming the 2nd largest importer of Asphalt Mixtures in the world. At the same year, Asphalt Mixtures was the 509th most imported product in China. China imports Asphalt Mixtures primarily from: Malaysia ($96.1M), Angola ($38.8M), Japan ($34.8M), China ($28M), and United States ($3.53M).

The fastest growing import markets in Asphalt Mixtures for China between 2021 and 2022 were Malaysia ($54M), China ($28M), and Japan ($6.58M).

Latest Trends

September 2024

About

Overview In September 2024 China's Asphalt Mixtures exports accounted up to $551k and imports accounted up to $447M, resulting in a negative trade balance of $446M. Between September 2023 and September 2024 the exports of China's   Asphalt Mixtures have decreased by $-133k (-19.4%) from $683k to $551k, while imports decreased by $-489M (-52.3%) from $936M to $447M.

Destinations In September 2024, Asphalt Mixtures were exported mostly to Hong Kong ($356k), Republic of the Congo ($136k), Argentina ($20.6k), Vietnam ($19.3k), and Russia ($4.28k), and were imported mostly from Brazil ($307M), Indonesia ($137M), United States ($2.6M), Puerto Rico ($125k), and Denmark ($36.6k).

Growth In September 2024, the decrease in Asphalt Mixtures's year-by-year exports was explained primarily by a decrease in exports to Peru ($-96.7k or -62.9%) and France ($-203 or -83.5%). In September 2024, the decrease in Asphalt Mixtures's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-237M or -38.5%) and Germany ($-36.5k or -99%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-133k(-19.4%)
IMPORT GROWTH (September 2023 - September 2024)$-489M(-52.3%)
MAIN EXPORTER (September 2024)Guangdong Province$457k
MAIN DESTINATION (September 2024)Hong Kong$356k

This section shows Asphalt Mixtures's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Asphalt Mixtures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$88.6M
IMPORTS (2022)$206M
NET TRADE (2022)-$117M

In 2022, China exported $88.6M in Asphalt Mixtures. The main destinations of China exports on Asphalt Mixtures were Malaysia ($48M), China ($28M), Hong Kong ($3.14M), Indonesia ($1.42M), and South Korea ($1.28M).

In 2022, China imported $206M in Asphalt Mixtures, mainly from Malaysia ($96.1M), Angola ($38.8M), Japan ($34.8M), China ($28M), and United States ($3.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt Mixtures EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$32.5M (209%)
China$28M (3.71M%)
Hong Kong$1.74M (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt Mixtures BY China WERE (2021 - 2022):
Republic of the Congo-$527k (-47.9%)
India-$415k (-49.3%)
Japan-$356k (-46.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Asphalt Mixtures were:
Japan $836M
Canada $150M
United States $136M
In 2022, China's main importing competitors in Asphalt Mixtures were:
United Kingdom $388M
Malaysia $199M

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Trade Value of Asphalt Mixtures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.94M
TOP IMPORT POTENTIALJapan+ $12.5M

Asphalt Mixtures’s highest export potential is India. With an export gap of $1.94M.   Asphalt Mixtures’s highest import potential is Japan with an import gap of $12.5M.

See methodology.

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