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2022
Exports $1.31MWorld Rnk 42 / 131
Flag Rnk 1095 / 1216
2022
Destination $247k Ireland
2021 - 2022
FASTEST GROWING MARKET $247kHong Kong
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $1.29MWorld Rnk 63 / 189
Flag Rnk 1163 / 1214
2022
Origin $179k Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $179kUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.31M in Bitumen and asphalt, making it the 42nd largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1095th most exported product in United Kingdom. The main destination of Bitumen and asphalt exports from United Kingdom are: Ireland ($397k), Hong Kong ($247k), Netherlands ($242k), Finland ($115k), and Angola ($57.7k).

The fastest growing export markets for Bitumen and asphalt of United Kingdom between 2021 and 2022 were Hong Kong ($247k), Finland ($115k), and Netherlands ($68.4k).

Imports In 2022, United Kingdom imported $1.29M in Bitumen and asphalt, becoming the 63rd largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1163rd most imported product in United Kingdom. United Kingdom imports Bitumen and asphalt primarily from: Netherlands ($571k), United States ($321k), Germany ($146k), Trinidad and Tobago ($80.5k), and Ireland ($70.1k).

The fastest growing import markets in Bitumen and asphalt for United Kingdom between 2021 and 2022 were United States ($179k), Trinidad and Tobago ($80.5k), and Ireland ($60.2k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Bitumen and asphalt exports accounted up to £395k and imports accounted up to £226k, resulting in a positive trade balance of £169k. Between June 2023 and June 2024 the exports of United Kingdom's   Bitumen and asphalt have increased by £316k (402%) from £78.6k to £395k, while imports increased by £63.3k (38.9%) from £163k to £226k.

Destinations In June 2024, Bitumen and asphalt were exported mostly to Ireland (£361k), Malaysia (£17k), Sweden (£5.58k), Portugal (£5.05k), and United States (£3.63k), and were imported mostly from Netherlands (£183k), Germany (£20.5k), Spain (£13.2k), Ireland (£7.69k), and United States (£1.74k).

Growth In June 2024, the increase in Bitumen and asphalt's year-by-year exports was explained primarily by an increase in exports to Ireland (£31.9k or 106%). In June 2024, the increase in Bitumen and asphalt's year-by-year imports was explained primarily by an increase in imports from Netherlands (£65.2k or 109%), United States (£28.2k or 2k%), and Germany (£14.2k or 380%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£316k(402%)
IMPORT GROWTH (June 2023 - June 2024)£63.3k(38.9%)
MAIN EXPORTER (June 2024)London Gateway£196k
MAIN DESTINATION (June 2024)Ireland£361k

This section shows Bitumen and 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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.31M
IMPORTS (2022)$1.29M
NET TRADE (2022)$21.6k

In 2022, United Kingdom exported $1.31M in Bitumen and asphalt. The main destinations of United Kingdom exports on Bitumen and asphalt were Ireland ($397k), Hong Kong ($247k), Netherlands ($242k), Finland ($115k), and Angola ($57.7k).

In 2022, United Kingdom imported $1.29M in Bitumen and asphalt, mainly from Netherlands ($571k), United States ($321k), Germany ($146k), Trinidad and Tobago ($80.5k), and Ireland ($70.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Hong Kong$247k (1%)
Finland$115k (126k%)
Netherlands$68.4k (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY United Kingdom WERE (2021 - 2022):
Falkland Islands-$374k (-95.5%)
Ireland-$119k (-23.1%)
Niger-$69.8k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, United Kingdom's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $25.4k
TOP IMPORT POTENTIALUnited States+ $233k

Bitumen and asphalt’s highest export potential is France. With an export gap of $25.4k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $233k.

See methodology.

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