Bitumen export and import status of countries

The global trade of bitumen, a vital component in road construction and various industrial applications, has experienced notable shifts in recent years. Here's an overview of the current status of bitumen exports and imports across different countries:

Global Export and Import Overview:

• Trade Volume: In 2023, the global exports of petroleum bitumen exceeded $10.5 billion, while imports surpassed $13.4 billion.
  

Top Exporters:

• Canada: Dominates the export market, with exports valued at approximately $2.16 billion, accounting for 20% of global exports.

  
  

• Singapore: A significant exporter, particularly to Australia, with exports valued at $140 million.

  
  

• Italy: Exports to Algeria are valued at $225 million, representing 2.13% of global exports.

  
  

Top Importers:

• United States: The largest importer, with a value of $2.43 billion, constituting 18.1% of global imports.

  
  

• China: Imports valued at $1.42 billion, making up 10.5% of global imports.

  
  

• India: Imports totaling $1.34 billion, accounting for 9.99% of global imports.

  
  

Regional Insights:

• North America: The U.S. is a major importer, with imports valued at $2.43 billion in 2023.

  
  

• Asia: China and India are significant importers, with values of $1.42 billion and $1.34 billion, respectively.

  
  

• Europe: France imports approximately $559.5 million worth of bitumen, driven by its extensive road network and maintenance activities.

  
  

Market Trends:

• Demand Growth: The global demand for bitumen has been increasing, with projections indicating a 0.6% annual rise in imports between 2021 and 2026, reaching 2.49 billion kilograms by 2026.

  
  

• Trade Dynamics: The U.S. leads in imports, while Canada dominates exports, highlighting a significant trade flow between these nations.

  
  

These insights underscore the strategic importance of bitumen in global infrastructure development and the interconnectedness of international trade in this sector.