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2022
Exports $49.2MWorld Rnk 5 / 131
Flag Rnk 499 / 1210
2022
Destination $52.4k United States
2021 - 2022
FASTEST GROWING MARKET $52.4kBermuda
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $78.2MWorld Rnk 3 / 189
Flag Rnk 618 / 1213
2022
Origin $11.8M United States
2021 - 2022
FASTEST GROWING ORIGIN $11.8MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $49.2M in Bitumen and asphalt, making it the 5th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 499th most exported product in Canada. The main destination of Bitumen and asphalt exports from Canada are: United States ($49.1M), Bermuda ($52.4k), Jamaica ($39k), South Africa ($6.4k), and Singapore ($3.43k).

The fastest growing export markets for Bitumen and asphalt of Canada between 2021 and 2022 were Bermuda ($52.4k), Jamaica ($39k), and South Africa ($6.4k).

Imports In 2022, Canada imported $78.2M in Bitumen and asphalt, becoming the 3rd largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 618th most imported product in Canada. Canada imports Bitumen and asphalt primarily from: United States ($78M), India ($111k), Australia ($11.6k), Romania ($6.6k), and United Arab Emirates ($5.49k).

The fastest growing import markets in Bitumen and asphalt for Canada between 2021 and 2022 were United States ($11.8M), Australia ($11.6k), and Romania ($6.6k).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Bitumen and asphalt exports accounted up to C$10.6k and imports accounted up to C$1.74M, resulting in a negative trade balance of C$1.73M. Between September 2023 and September 2024 the exports of Canada's   Bitumen and asphalt have decreased by C$-26.5k (-71.5%) from C$37.1k to C$10.6k, while imports decreased by C$-12.5M (-87.8%) from C$14.3M to C$1.74M.

Destinations In September 2024, Bitumen and asphalt were exported mostly to United States (C$10.6k), and were imported mostly from United States (C$1.74M), Finland (C$228), Cote d'Ivoire (C$18), and Australia (C$14).

Growth In September 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to United States (C$-10.5M or -99.8%). In September 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-57 or -23.9%) and Finland (C$-22 or -75.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-26.5k(-71.5%)
IMPORT GROWTH (September 2023 - September 2024)C$-12.5M(-87.8%)
MAIN EXPORTER (September 2024)New BrunswickC$8.6M
MAIN DESTINATION (September 2024)United StatesC$10.6k

This section shows Bitumen and asphalt's exports and imports data at subnational level for Canada. 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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.2M
IMPORTS (2022)$78.2M
NET TRADE (2022)-$29M

In 2022, Canada exported $49.2M in Bitumen and asphalt. The main destinations of Canada exports on Bitumen and asphalt were United States ($49.1M), Bermuda ($52.4k), Jamaica ($39k), South Africa ($6.4k), and Singapore ($3.43k).

In 2022, Canada imported $78.2M in Bitumen and asphalt, mainly from United States ($78M), India ($111k), Australia ($11.6k), Romania ($6.6k), and United Arab Emirates ($5.49k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Bermuda$52.4k (1%)
Jamaica$39k (1%)
South Africa$6.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Canada WERE (2021 - 2022):
United States-$127M (-72.1%)
China-$3.49M (-100%)
Netherlands-$26.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Canada's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $35.8k
TOP IMPORT POTENTIALIndia+ $136k

Bitumen and asphalt’s highest export potential is France. With an export gap of $35.8k.   Bitumen and asphalt’s highest import potential is India with an import gap of $136k.

See methodology.

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