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Natural asphalt and oil sands: top exporters and importers (2024)

In 2024, world trade in natural asphalt and oil sands totaled $535 million (1.4 million tonnes). The top exporters were the United States (16%), Germany (8%) and the Netherlands (6%); the top importers were the Philippines (11%), Uruguay (10%) and the United States (6%). Compared with 2019, the value fell 53%.

Summary

World trade
$535million
Tonnes
1.4million tonnes
Price per tonne
$391
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. United States$84 million · 15.7%
  2. Germany$45 million · 8.4%
  3. Netherlands$34 million · 6.3%
    re-exports
  4. United Arab Emirates$31 million · 5.8%
  5. Spain$30 million · 5.5%
  6. Greece$23 million · 4.3%
  7. China$23 million · 4.3%
  8. Canada$22 million · 4%
  9. Thailand$21 million · 4%
  10. Malaysia$18 million · 3.3%
  11. South Africa$16 million · 2.9%
  12. Belgium$15 million · 2.8%
    re-exports
  13. Singapore$15 million · 2.8%
    re-exports
  14. Bahrain$11 million · 2.1%
  15. Kazakhstan$11 million · 2%
  16. Colombia$10 million · 2%
  17. Turkey$10 million · 1.9%
  18. Bulgaria$9 million · 1.7%
  19. Taiwan$9 million · 1.7%
  20. Indonesia$8 million · 1.5%

Top importers

  1. Philippines$56 million · 10.5%
  2. Uruguay$53 million · 9.9%
  3. United States$34 million · 6.4%
  4. France$32 million · 6%
  5. Costa Rica$31 million · 5.8%
  6. Denmark$31 million · 5.8%
  7. Poland$29 million · 5.4%
  8. Nigeria$22 million · 4.1%
  9. China$21 million · 4%
  10. Romania$20 million · 3.8%
  11. Cambodia$20 million · 3.7%
  12. Myanmar$13 million · 2.5%
  13. Qatar$11 million · 2.1%
  14. Canada$11 million · 2.1%
  15. Guyana$8 million · 1.5%
  16. Botswana$6 million · 1.2%
  17. India$6 million · 1.1%
  18. Bahamas$6 million · 1.1%
  19. United Kingdom$6 million · 1.1%
  20. Slovenia$5 million · 0.98%

Trend

Who sells it

The United States was the top exporter throughout the period

Value in USD millions. The five largest exporters in 2024.

  • United States 84.1
  • Germany 44.7
  • Netherlands 33.6
  • United Arab Emirates 31
  • Spain 29.6

Source: CEPII BACI

Show the numbers
Country19952024
United States25.484.1
Germany6.944.7
Netherlands4.233.6
United Arab Emirates2.831
Spain2.529.6

Price

Implied price

The price per tonne rose 525% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $391

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$62
1996$76
1997$54
1998$59
1999$57
2000$111
2001$73
2002$86
2003$82
2004$97
2005$119
2006$186
2007$267
2008$427
2009$400
2010$549
2011$566
2012$477
2013$402
2014$478
2015$417
2016$273
2017$311
2018$410
2019$406
2020$426
2021$417
2022$514
2023$442
2024$391

What it includes

  • 2714 · Natural asphalt and oil sands

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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