2023
Exports
$330kWorld Rnk 59 / 125
Flag Rnk 1012 / 1208
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt
-0.77Rnk 776 / 1025
2023
Imports
$2.05MWorld Rnk 48 / 188
Flag Rnk 995 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $330k in Bitumen and asphalt, making it the 59th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1012th most exported product in Australia. The main destination of Bitumen and asphalt exports from Australia are: New Zealand ($223k), Papua New Guinea ($76.5k), Fiji ($12.3k), Japan ($5.12k), and Singapore ($3.31k).

The fastest growing export markets for Bitumen and asphalt of Australia between 2022 and 2023 were Papua New Guinea ($44.3k), Japan ($5.12k), and Singapore ($3.31k).

Imports In 2023, Australia imported $2.05M in Bitumen and asphalt, becoming the 48th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 995th most imported product in Australia. Australia imports Bitumen and asphalt primarily from: Netherlands ($1.56M), United States ($302k), New Zealand ($144k), Singapore ($36.4k), and China ($13.5k).

The fastest growing import markets in Bitumen and asphalt for Australia between 2022 and 2023 were Netherlands ($621k), United States ($258k), and New Zealand ($129k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bitumen and asphalt. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$330k
IMPORTS (2023)$2.05M
NET TRADE (2023)-$1.72M

In 2023, Australia exported $330k in Bitumen and asphalt. The main destinations of Australia exports on Bitumen and asphalt were New Zealand ($223k), Papua New Guinea ($76.5k), Fiji ($12.3k), Japan ($5.12k), and Singapore ($3.31k).

In 2023, Australia imported $2.05M in Bitumen and asphalt, mainly from Netherlands ($1.56M), United States ($302k), New Zealand ($144k), Singapore ($36.4k), and China ($13.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Papua New Guinea$44.3k (138%)
Japan$5.12k (1%)
Singapore$3.31k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Australia WERE (2022 - 2023):
Fiji-$199k (-94.2%)
Samoa-$176k (-100%)
Georgia-$26.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Bitumen and asphalt were:
In 2023, Australia's main importing competitors in Bitumen and asphalt were:

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $15.1k
TOP IMPORT POTENTIALUnited States+ $119k

Bitumen and asphalt’s highest export potential is Canada. With an export gap of $15.1k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $119k.

See methodology.

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