2023
Exports
$355MWorld Rnk 2 / 134
Flag Rnk 445 / 1217
2023
PRODUCT COMPLEXITY IN Asphalt
0.036Rnk 546 / 1025
2023
Imports
$527MWorld Rnk 1 / 213
Flag Rnk 507 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $355M in Asphalt, making it the 2nd largest exporter of Asphalt in the world. At the same year, Asphalt was the 445th most exported product in United States. The main destination of Asphalt exports from United States are: Canada ($277M), Cayman Islands ($14.1M), Mexico ($11.1M), Bahamas ($9.17M), and Chile ($7.41M).

The fastest growing export markets for Asphalt of United States between 2022 and 2023 were Cayman Islands ($13M), India ($1.36M), and Bahamas ($1.1M).

Imports In 2023, United States imported $527M in Asphalt, becoming the 1st largest importer of Asphalt in the world. At the same year, Asphalt was the 507th most imported product in United States. United States imports Asphalt primarily from: Canada ($421M), United Arab Emirates ($39.7M), Mexico ($38.3M), Italy ($11.5M), and Serbia ($5.53M).

The fastest growing import markets in Asphalt for United States between 2022 and 2023 were Canada ($70.1M), United Arab Emirates ($23.9M), and Mexico ($4.64M).

COMPANIES In 2023, leading companies such as Continental Materials (24), Amazon (2), and REI (Recreational Equipment Incorporated) (2) were at the forefront of shipping Asphalt to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-9.42M(-28.1%)
IMPORT GROWTH (November 2023 - November 2024)$6.51M(15.5%)
MAIN EXPORTER (November 2024)Indiana$8.83M
MAIN DESTINATION (November 2024)Canada$19.1M

This section shows Asphalt's exports and imports data at subnational level for United States. 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)$355M
IMPORTS (2023)$527M
NET TRADE (2023)-$172M

In 2023, United States exported $355M in Asphalt. The main destinations of United States exports on Asphalt were Canada ($277M), Cayman Islands ($14.1M), Mexico ($11.1M), Bahamas ($9.17M), and Chile ($7.41M).

In 2023, United States imported $527M in Asphalt, mainly from Canada ($421M), United Arab Emirates ($39.7M), Mexico ($38.3M), Italy ($11.5M), and Serbia ($5.53M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR United States WERE (2022 - 2023):
Cayman Islands$13M (1.19k%)
India$1.36M (51.3%)
Bahamas$1.1M (13.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY United States WERE (2022 - 2023):
Canada-$44.3M (-13.8%)
Chile-$7M (-48.6%)
Japan-$3.71M (-54%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Asphalt were:
Italy $290M
In 2023, United States's main importing competitors in Asphalt were:

Explore Visualizations

Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $2.19M
TOP IMPORT POTENTIALItaly+ $6.35M

Asphalt’s highest export potential is United Kingdom. With an export gap of $2.19M.   Asphalt’s highest import potential is Italy with an import gap of $6.35M.

See methodology.

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