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Bituminous mixtures based on natural asphalt; on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (e.g. bituminous mastics, cut-backs)

2715 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.35BRnk 746 / 1218
2022
Top Exporter | Top Importer $836M | $388MJapan | United Kingdom
2022
Product Complexity -1.16Rnk 880 / 1033
2021 - 2022
Export Growth (CAGR) -32.6%Rnk 1201 / 1218
2022
Share of World Trade 0.0099%Rnk 746 / 1218

About

Overview This page contains the latest trade data of Asphalt Mixtures. In 2022, Asphalt Mixtures were the world's 746th most traded product, with a total trade of $2.35B. Between 2021 and 2022 the exports of Asphalt Mixtures decreased by -32.6%, from $3.48B to $2.35B. Trade in Asphalt Mixtures represent 0.0099% of total world trade.

Asphalt Mixtures are a part of Mineral fuels, mineral oils and products of their distillation. They include Bituminous mix, mastic from asphalt, bitumen/tar/pitc.

Exports In 2022 the top exporters of Asphalt Mixtures  were Japan ($836M), Canada ($150M), United States ($136M), Malaysia ($121M), and Russia ($107M).

Imports In 2022 the top importers of Asphalt Mixtures were United Kingdom ($388M), China ($206M), Malaysia ($199M), United States ($192M), and India ($119M).

Ranking Asphalt Mixtures ranks 880th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Asphalt Mixtures. 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)Japan$836M
Top Destination (2022)United Kingdom$388M

In 2022 Asphalt Mixtures were the world's 746th most traded product (out of 1,218).

In 2022, the top exporters of Asphalt Mixtures were Japan ($836M), Canada ($150M), United States ($136M), Malaysia ($121M), and Russia ($107M).

In 2022, the top importers of Asphalt Mixtures were United Kingdom ($388M), China ($206M), Malaysia ($199M), United States ($192M), and India ($119M).

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

Color
Top Origin Growth (2021 -  2022)Japan$770M
Top Destination Growth (2021 -  2022)United Kingdom$363M

Between 2021 and 2022, the exports of Asphalt Mixtures grew the fastest in Japan ($770M), Malaysia ($72.6M), China ($63.7M), Canada ($39M), and United States ($21.7M).

Between 2021 and 2022, the fastest growing importers of Asphalt Mixtures were United Kingdom ($363M), India ($103M), Mexico ($95.3M), Brazil ($85.6M), and Malaysia ($79.7M).

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Exporters of Asphalt Mixtures (2021 - 2022)

Importers of Asphalt Mixtures (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Asphalt Mixtures are explained by 16 countries.

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Value of Exports in Asphalt Mixtures

Net Trade

TOP NET EXPORTER (2022)Japan$813M
TOP NET IMPORTER (2022)United Kingdom$368M

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

In 2022, the countries that had a largest trade value in exports than in imports of Asphalt Mixtures were Japan ($813M), Canada ($114M), Russia ($104M), Spain ($88.5M), and Togo ($78.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Asphalt Mixtures were United Kingdom ($368M), China ($117M), India ($109M), Brazil ($101M), and Mexico ($99.2M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Asphalt Mixtures by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $12.5M
TOP IMPORT POTENTIALChina+ $700k

Asphalt Mixtures’s highest export potential is China. With an export gap of $12.5M.  Asphalt Mixtures’s highest import potential is China with an import gap of $700k.

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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 Mixtures.

Country by Relatedness

The following visualization shows the relatedness of Asphalt Mixtures 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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