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2022
Exports $166MWorld Rnk 2 / 131
Flag Rnk 634 / 1217
2022
Destination $11.8M Canada
2021 - 2022
FASTEST GROWING MARKET $11.8MCanada
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $56.1MWorld Rnk 5 / 189
Flag Rnk 952 / 1216
2022
Origin $1.73M Canada
2021 - 2022
FASTEST GROWING ORIGIN $1.73MArgentina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $166M in Bitumen and asphalt, making it the 2nd largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 634th most exported product in United States. The main destination of Bitumen and asphalt exports from United States are: Canada ($78M), Mexico ($24.8M), Costa Rica ($17.4M), Saint Helena ($7.04M), and Dominican Republic ($6.66M).

The fastest growing export markets for Bitumen and asphalt of United States between 2021 and 2022 were Canada ($11.8M), Saint Helena ($7.04M), and Dominican Republic ($3.25M).

Imports In 2022, United States imported $56.1M in Bitumen and asphalt, becoming the 5th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 952nd most imported product in United States. United States imports Bitumen and asphalt primarily from: Canada ($49.1M), Colombia ($3.73M), Argentina ($2.26M), Poland ($533k), and Norway ($135k).

The fastest growing import markets in Bitumen and asphalt for United States between 2021 and 2022 were Argentina ($1.73M), Poland ($365k), and Netherlands ($93.5k).

COMPANIES In 2023, leading companies such as At Home Procurement (9) and Amazon (1) were at the forefront of shipping Bitumen and asphalt to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Bitumen and asphalt exports accounted up to $4.46M and imports accounted up to $183k, resulting in a positive trade balance of $4.28M. Between August 2023 and August 2024 the exports of United States'   Bitumen and asphalt have decreased by $-1.54M (-25.7%) from $6.01M to $4.46M, while imports decreased by $-6.05M (-97.1%) from $6.23M to $183k.

Destinations In August 2024, Bitumen and asphalt were exported mostly to Canada ($1.98M), Guyana ($759k), Spain ($231k), Bahamas ($203k), and Netherlands ($201k), and were imported mostly from Canada ($57.6k), Argentina ($45.2k), Netherlands ($37.8k), Colombia ($28.4k), and India ($14.1k).

Growth In August 2024, the decrease in Bitumen and asphalt's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-2.43M or -94.5%), Japan ($-158k or -62.9%), and United Arab Emirates ($-36.7k or -89.1%). In August 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from Canada ($-6.93M or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.54M(-25.7%)
IMPORT GROWTH (August 2023 - August 2024)$-6.05M(-97.1%)
MAIN EXPORTER (August 2024)Missouri$45.9M
MAIN DESTINATION (August 2024)Canada$1.98M

This section shows Bitumen and 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 Bitumen and asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$166M
IMPORTS (2022)$56.1M
NET TRADE (2022)$110M

In 2022, United States exported $166M in Bitumen and asphalt. The main destinations of United States exports on Bitumen and asphalt were Canada ($78M), Mexico ($24.8M), Costa Rica ($17.4M), Saint Helena ($7.04M), and Dominican Republic ($6.66M).

In 2022, United States imported $56.1M in Bitumen and asphalt, mainly from Canada ($49.1M), Colombia ($3.73M), Argentina ($2.26M), Poland ($533k), and Norway ($135k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$11.8M (17.8%)
Saint Helena$7.04M (1%)
Dominican Republic$3.25M (95.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY United States WERE (2021 - 2022):
Costa Rica-$14.4M (-45.3%)
Mexico-$8.65M (-25.9%)
Uruguay-$2.93M (-42.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
Spain $70.6M
In 2022, United States'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 POTENTIALChina+ $894k
TOP IMPORT POTENTIALArgentina+ $308k

Bitumen and asphalt’s highest export potential is China. With an export gap of $894k.   Bitumen and asphalt’s highest import potential is Argentina with an import gap of $308k.

See methodology.

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