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Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks

2714 (Harmonized System 1992 for 4-digit)

2023
World Trade $839MRnk 951 / 1217
2023
Top Exporter | Top Importer $131M | $140MUnited States | United Arab Emirates
2023
Product Complexity -0.79Rnk 803 / 1044
2022 - 2023
Export Growth (CAGR) -29.5%Rnk 1150 / 1217
2023
Share of World Trade 0.0037%Rnk 951 / 1217

About

Overview This page contains the latest trade data of Bitumen and asphalt. In 2023, Bitumen and asphalt were the world's 951st most traded product, with a total trade of $839M. Between 2022 and 2023 the exports of Bitumen and asphalt decreased by -29.5%, from $1.19B to $839M. Trade in Bitumen and asphalt represent 0.0037% of total world trade.

Bitumen and asphalt are a part of Mineral fuels, mineral oils and products of their distillation. They include Bitumen and asphalt, asphaltites and asphaltic rocks and Bituminous or oil shale and tar sands.

Exports In 2023 the top exporters of Bitumen and asphalt  were United States ($131M), Iraq ($114M), Bahrain ($52.7M), Netherlands ($51M), and Spain ($49.1M).

Imports In 2023 the top importers of Bitumen and asphalt were United Arab Emirates ($140M), France ($123M), Uruguay ($60.2M), Canada ($54.5M), and Philippines ($53.8M).

Ranking Bitumen and asphalt ranks 803rd in the Product Complexity Index (PCI).

Description Bitumen is a black, sticky, tar-like form of petroleum. It is used to make asphalt, which is a black, sticky, tar-like substance that is used for paving roads. Bituminous or oil-shale is a type of rock that is used to produce bitumen. Tar sands are another type of rock that is used to produce bitumen. Bitumen is also used to seal the joints in asphalt pavements. Asphaltites are rocks that contain bitumen. Asphaltic rocks are rocks that contain asphaltites.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bitumen and 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 (2023)United States$131M
Top Destination (2023)United Arab Emirates$140M

In 2023 Bitumen and asphalt were the world's 951st most traded product (out of 1,217).

In 2023, the top exporters of Bitumen and asphalt were United States ($131M), Iraq ($114M), Bahrain ($52.7M), Netherlands ($51M), and Spain ($49.1M).

In 2023, the top importers of Bitumen and asphalt were United Arab Emirates ($140M), France ($123M), Uruguay ($60.2M), Canada ($54.5M), and Philippines ($53.8M).

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Exporters of Bitumen and asphalt (2023)
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Importers of Bitumen and asphalt (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Iraq$72.6M
Top Destination Growth (2022 -  2023)United Arab Emirates$103M

Between 2022 and 2023, the exports of Bitumen and asphalt grew the fastest in Iraq ($72.6M), Bahrain ($33.8M), Greece ($19.9M), Kazakhstan ($17M), and Saudi Arabia ($12.1M).

Between 2022 and 2023, the fastest growing importers of Bitumen and asphalt were United Arab Emirates ($103M), Sweden ($13.7M), Uruguay ($12.2M), Nigeria ($8.15M), and Romania ($6.14M).

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Exporters of Bitumen and asphalt (2022 - 2023)

Importers of Bitumen and asphalt (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bitumen and asphalt.

In 2023, market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Bitumen and asphalt are explained by 24 countries.

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Value of Exports in Bitumen and asphalt

Net Trade

TOP NET EXPORTER (2023)United States$114M
TOP NET IMPORTER (2023)France$122M

This map shows which countries export or import more of Bitumen and asphalt. Each country is colored based on the difference in exports and imports of Bitumen and asphalt during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bitumen and asphalt were United States ($114M), Iraq ($114M), Bahrain ($52.6M), Netherlands ($50.1M), and Spain ($48.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Bitumen and asphalt were France ($122M), United Arab Emirates ($97.8M), Canada ($52.7M), Costa Rica ($31.3M), and Denmark ($29.5M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Bitumen and asphalt, disaggragated by their HS6 level were Bitumen and asphalt, asphaltites and asphaltic... ($793M) and Bituminous or oil shale and tar... ($46.8M)

HS6 Disaggregation for Bitumen and asphalt (2023)
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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 Bitumen and asphalt.
It is possible to select the main countries that export or import Bitumen and asphalt in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bitumen and asphalt by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBelgium+ $110k
TOP IMPORT POTENTIALUnited States+ $102k

Bitumen and asphalt’s highest export potential is Belgium. With an export gap of $110k.  Bitumen and asphalt’s highest import potential is United States with an import gap of $102k.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Bitumen and asphalt.

Country by Relatedness

The following visualization shows the relatedness of Bitumen and 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 (2023)

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