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Asphalt or similar material; articles (e.g. petroleum bitumen or coal tar pitch)

6807 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.48BRnk 731 / 1218
2022
Top Exporter | Top Importer $405M | $422MUnited States | United States
2022
Product Complexity -0.16Rnk 608 / 1033
2021 - 2022
Export Growth (CAGR) 7.32%Rnk 505 / 1218
2022
Share of World Trade 0.01%Rnk 731 / 1218

About

Overview This page contains the latest trade data of Asphalt. In 2022, Asphalt were the world's 731st most traded product, with a total trade of $2.48B. Between 2021 and 2022 the exports of Asphalt grew by 7.32%, from $2.31B to $2.48B. Trade in Asphalt represent 0.01% of total world trade.

Asphalt are a part of Stone, plaster, cement, asbestos, mica.. They include Asphalt or similar material articles, in rolls and Asphalt or similar material articles not in rolls.

Exports In 2022 the top exporters of Asphalt  were United States ($405M), Canada ($373M), Italy ($301M), Russia ($155M), and Germany ($147M).

Imports In 2022 the top importers of Asphalt were United States ($422M), Canada ($343M), Netherlands ($125M), United Kingdom ($107M), and Germany ($77.8M).

Ranking Asphalt ranks 608th in the Product Complexity Index (PCI).

Description The asphalt or similar materials are used in the production of other goods. They can be made from a variety of materials, including petroleum bitumen, coal tar pitch, and natural asphalt.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Asphalt. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$405M
Top Destination (2022)United States$422M

In 2022 Asphalt were the world's 731st most traded product (out of 1,218).

In 2022, the top exporters of Asphalt were United States ($405M), Canada ($373M), Italy ($301M), Russia ($155M), and Germany ($147M).

In 2022, the top importers of Asphalt were United States ($422M), Canada ($343M), Netherlands ($125M), United Kingdom ($107M), and Germany ($77.8M).

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Exporters of Asphalt (2022)
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Importers of Asphalt (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$87.8M
Top Destination Growth (2021 -  2022)United States$63.6M

Between 2021 and 2022, the exports of Asphalt grew the fastest in Canada ($87.8M), Italy ($48.7M), Saudi Arabia ($34.6M), Spain ($26.2M), and Poland ($20M).

Between 2021 and 2022, the fastest growing importers of Asphalt were United States ($63.6M), Kuwait ($35.7M), Netherlands ($29.2M), France ($24.5M), and Canada ($22.7M).

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Exporters of Asphalt (2021 - 2022)

Importers of Asphalt (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Asphalt.

In 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Asphalt are explained by 20 countries.

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Value of Exports in Asphalt

Net Trade

TOP NET EXPORTER (2022)Italy$285M
TOP NET IMPORTER (2022)Netherlands$99.5M

This map shows which countries export or import more of Asphalt. Each country is colored based on the difference in exports and imports of Asphalt during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Asphalt were Italy ($285M), Russia ($151M), Saudi Arabia ($94.1M), Belgium ($80.5M), and Germany ($69.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Asphalt were Netherlands ($99.5M), United Kingdom ($94.9M), Kuwait ($48.2M), Kazakhstan ($35.8M), and Switzerland ($30.9M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Asphalt, disaggragated by their HS6 level were Asphalt or similar material articles, in... ($1.61B) and Asphalt or similar material articles not... ($873M)

HS6 Disaggregation for Asphalt (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Asphalt.
It is possible to select the main countries that export or import Asphalt in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Asphalt by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.62M
TOP IMPORT POTENTIALFrance+ $1.51M

Asphalt’s highest export potential is India. With an export gap of $1.62M.  Asphalt’s highest import potential is France with an import gap of $1.51M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Asphalt.

Country by Relatedness

The following visualization shows the relatedness of Asphalt to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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