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2023
Exports $9.81MWorld Rnk 28 / 134
Flag Rnk 846 / 1216
2023
Destination $707k Ireland
2022 - 2023
FASTEST GROWING MARKET $707kIreland
2023
PRODUCT COMPLEXITY IN Asphalt0.036Rnk 546 / 1025
2023
Imports $114MWorld Rnk 4 / 213
Flag Rnk 560 / 1214
2023
Origin $2.38M Italy
2022 - 2023
FASTEST GROWING ORIGIN $2.38MTurkey
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $9.81M in Asphalt, making it the 28th largest exporter of Asphalt in the world. At the same year, Asphalt was the 846th most exported product in United Kingdom. The main destination of Asphalt exports from United Kingdom are: Ireland ($4.55M), Qatar ($1.09M), France ($606k), Italy ($439k), and Vietnam ($304k).

The fastest growing export markets for Asphalt of United Kingdom between 2022 and 2023 were Ireland ($707k), Italy ($240k), and Vietnam ($143k).

Imports In 2023, United Kingdom imported $114M in Asphalt, becoming the 4th largest importer of Asphalt in the world. At the same year, Asphalt was the 560th most imported product in United Kingdom. United Kingdom imports Asphalt primarily from: Italy ($39.3M), Germany ($27.2M), France ($11M), Poland ($9.8M), and Belgium ($5.42M).

The fastest growing import markets in Asphalt for United Kingdom between 2022 and 2023 were Turkey ($2.38M), Italy ($1.91M), and Poland ($1.85M).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Asphalt exports accounted up to £432k and imports accounted up to £5.3M, resulting in a negative trade balance of £4.87M. Between December 2023 and December 2024 the exports of United Kingdom's   Asphalt have decreased by £-131k (-23.2%) from £562k to £432k, while imports increased by £32.7k (0.62%) from £5.27M to £5.3M.

Destinations In December 2024, Asphalt were exported mostly to Ireland (£183k), Turkey (£100k), Malaysia (£36.3k), United States (£26.4k), and Egypt (£25.1k), and were imported mostly from Netherlands (£1.72M), Italy (£1.45M), France (£449k), Poland (£394k), and Belgium (£262k).

Growth In December 2024, the decrease in Asphalt's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-225k or -47.2%), Poland (£-44.1k or -97.5%), and France (£-11.2k or -76%). In December 2024, the increase in Asphalt's year-by-year imports was explained primarily by an increase in imports from Netherlands (£441k or 27.6%), Poland (£265k or 70%), and France (£246k or 47.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-131k(-23.2%)
IMPORT GROWTH (December 2023 - December 2024)£32.7k(0.62%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Ireland£183k

This section shows Asphalt's exports and imports data at subnational level for United Kingdom. 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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.81M
IMPORTS (2023)$114M
NET TRADE (2023)-$104M

In 2023, United Kingdom exported $9.81M in Asphalt. The main destinations of United Kingdom exports on Asphalt were Ireland ($4.55M), Qatar ($1.09M), France ($606k), Italy ($439k), and Vietnam ($304k).

In 2023, United Kingdom imported $114M in Asphalt, mainly from Italy ($39.3M), Germany ($27.2M), France ($11M), Poland ($9.8M), and Belgium ($5.42M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Ireland$707k (18.4%)
Italy$240k (120%)
Vietnam$143k (88.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY United Kingdom WERE (2022 - 2023):
Nicaragua-$1.01M (-100%)
China-$760k (-84.6%)
Belgium-$333k (-88.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Asphalt were:
Canada $437M
United States $355M
Italy $290M
In 2023, United Kingdom's main importing competitors in Asphalt were:
United States $527M
Canada $291M
Netherlands $134M

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $532k
TOP IMPORT POTENTIALUnited States+ $2.19M

Asphalt’s highest export potential is France. With an export gap of $532k.   Asphalt’s highest import potential is United States with an import gap of $2.19M.

See methodology.

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