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2023
Exports $131MWorld Rnk 1 / 125
Flag Rnk 654 / 1217
2023
Destination $14.5M Canada
2022 - 2023
FASTEST GROWING MARKET $14.5MUruguay
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2023
Imports $16.5MWorld Rnk 13 / 188
Flag Rnk 1081 / 1215
2023
Origin $7.51M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $7.51MColombia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $131M in Bitumen and asphalt, making it the 1st largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 654th most exported product in United States. The main destination of Bitumen and asphalt exports from United States are: Canada ($53.9M), Costa Rica ($31.3M), Uruguay ($18.5M), Bahamas ($3.28M), and New Zealand ($1.83M).

The fastest growing export markets for Bitumen and asphalt of United States between 2022 and 2023 were Uruguay ($14.5M), New Zealand ($1.5M), and Thailand ($1.39M).

Imports In 2023, United States imported $16.5M in Bitumen and asphalt, becoming the 13th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1081st most imported product in United States. United States imports Bitumen and asphalt primarily from: Colombia ($12.5M), Argentina ($2.11M), Canada ($939k), Netherlands ($403k), and Belgium ($218k).

The fastest growing import markets in Bitumen and asphalt for United States between 2022 and 2023 were Colombia ($7.51M), Netherlands ($293k), and Belgium ($218k).

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

November 2024

About

Overview In November 2024 United States' Bitumen and asphalt exports accounted up to $2.16M and imports accounted up to $5.6M, resulting in a negative trade balance of $3.43M. Between November 2023 and November 2024 the exports of United States'   Bitumen and asphalt have decreased by $-3.58M (-62.3%) from $5.74M to $2.16M, while imports decreased by $-278k (-4.73%) from $5.88M to $5.6M.

Destinations In November 2024, Bitumen and asphalt were exported mostly to Canada ($595k), Bahamas ($240k), Guyana ($230k), Argentina ($185k), and Japan ($121k), and were imported mostly from Colombia ($5.44M), Panama ($119k), Canada ($18.2k), Argentina ($17.1k), and Niger ($0).

Growth In November 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 ($-36.7k or -89.1%). In November 2024, the decrease in Bitumen and asphalt's year-by-year imports was explained primarily by a decrease in imports from Canada ($-6.93M or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-3.58M(-62.3%)
IMPORT GROWTH (November 2023 - November 2024)$-278k(-4.73%)
MAIN EXPORTER (November 2024)Missouri$45.9M
MAIN DESTINATION (November 2024)Canada$595k

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 (2023)$131M
IMPORTS (2023)$16.5M
NET TRADE (2023)$114M

In 2023, United States exported $131M in Bitumen and asphalt. The main destinations of United States exports on Bitumen and asphalt were Canada ($53.9M), Costa Rica ($31.3M), Uruguay ($18.5M), Bahamas ($3.28M), and New Zealand ($1.83M).

In 2023, United States imported $16.5M in Bitumen and asphalt, mainly from Colombia ($12.5M), Argentina ($2.11M), Canada ($939k), Netherlands ($403k), and Belgium ($218k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR United States WERE (2022 - 2023):
Uruguay$14.5M (373%)
New Zealand$1.5M (453%)
Thailand$1.39M (392%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY United States WERE (2022 - 2023):
Canada-$23.6M (-30.5%)
Saint Helena-$7.04M (-100%)
Costa Rica-$4.27M (-12%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Bitumen and asphalt were:
Iraq $114M
Bahrain $52.7M
In 2023, United States'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 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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