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2023
Exports $9.56MWorld Rnk 20 / 125
Flag Rnk 1093 / 1215
2023
Destination $613k Philippines
2022 - 2023
FASTEST GROWING MARKET $613kGuyana
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2023
Imports $14.8MWorld Rnk 15 / 188
Flag Rnk 956 / 1214
2023
Origin $4.12M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $4.12MIndonesia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $9.56M in Bitumen and asphalt, making it the 20th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1093rd most exported product in China. The main destination of Bitumen and asphalt exports from China are: Philippines ($6.2M), Guyana ($637k), South Africa ($258k), Vietnam ($213k), and New Zealand ($207k).

The fastest growing export markets for Bitumen and asphalt of China between 2022 and 2023 were Guyana ($613k), South Africa ($258k), and New Zealand ($207k).

Imports In 2023, China imported $14.8M in Bitumen and asphalt, becoming the 15th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 956th most imported product in China. China imports Bitumen and asphalt primarily from: Indonesia ($9.5M), United Arab Emirates ($2.18M), Iran ($994k), Canada ($723k), and United States ($652k).

The fastest growing import markets in Bitumen and asphalt for China between 2022 and 2023 were Indonesia ($4.12M), Canada ($722k), and United States ($273k).

COMPANIES In 2024, leading companies such as At Home Procurement (2) were at the forefront of shipping Bitumen and asphalt from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Bitumen and asphalt exports accounted up to $28k and imports accounted up to $3.71M, resulting in a negative trade balance of $3.68M. Between December 2023 and December 2024 the exports of China's   Bitumen and asphalt have decreased by $-68.7k (-71.1%) from $96.7k to $28k, while imports decreased by $-357k (-8.76%) from $4.07M to $3.71M.

Destinations In December 2024, Bitumen and asphalt were exported mostly to Vietnam ($9.48k), Hong Kong ($7.04k), Guinea ($4.45k), Bangladesh ($1.91k), and North Korea ($1.67k), and were imported mostly from Indonesia ($2.87M), United Arab Emirates ($521k), Iran ($213k), Malaysia ($75k), and United States ($31.7k).

Growth In December 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from Iran ($-70.4k or -33.6%) and United Arab Emirates ($-55.1k or -70.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-68.7k(-71.1%)
IMPORT GROWTH (December 2023 - December 2024)$-357k(-8.76%)
MAIN EXPORTER (December 2024)Guangdong Province$64.3k
MAIN DESTINATION (December 2024)Vietnam$9.48k

This section shows Bitumen and asphalt'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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.56M
IMPORTS (2023)$14.8M
NET TRADE (2023)-$5.24M

In 2023, China exported $9.56M in Bitumen and asphalt. The main destinations of China exports on Bitumen and asphalt were Philippines ($6.2M), Guyana ($637k), South Africa ($258k), Vietnam ($213k), and New Zealand ($207k).

In 2023, China imported $14.8M in Bitumen and asphalt, mainly from Indonesia ($9.5M), United Arab Emirates ($2.18M), Iran ($994k), Canada ($723k), and United States ($652k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR China WERE (2022 - 2023):
Guyana$613k (2.55k%)
South Africa$258k (1%)
New Zealand$207k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY China WERE (2022 - 2023):
Philippines-$8.42M (-57.6%)
Singapore-$2.64M (-99.1%)
Angola-$2.41M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Bitumen and asphalt were:
United States $131M
Iraq $114M
Bahrain $52.7M
In 2023, China's main importing competitors in Bitumen and asphalt were:
United Arab Emirates $140M
France $123M
Uruguay $60.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $288k
TOP IMPORT POTENTIALUnited Arab Emirates+ $1.2M

Bitumen and asphalt’s highest export potential is India. With an export gap of $288k.   Bitumen and asphalt’s highest import potential is United Arab Emirates with an import gap of $1.2M.

See methodology.

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