Asphalt Export of Mexico: The in-depth Trade Overview of 2024

Asphalt, a sticky, black, semi-solid petroleum-based material used for waterproofing and binding in road construction, is one of the most influential factors that is being traded globally. The essential role played by asphalt for infrastructure development and uneven global production, accompanied by standardized grades promoting asphalt trade, has maintained continuity in the global trade. Mexico Import Data says, the country in North America, bordered by the United States and Guatemala in the north and south directions, have solidified their position as substantial contributors to the worldwide export market of asphalt due to the establishment of the asphalt manufacturing industry and the skilled workforce in the chemical and construction material sectors.

The lower logistics cost to the U.S. market and the trade links with Caribbean export markets have resulted in a total export valuation of asphalt from Mexico worth 1.87 billion U.S. dollars in 2024. The skilled workforce in the chemical and construction material sectors and the strong domestic supply base of raw materials have maintained the overall hike in revenue growth. Subscribe to Import Globals, the leading Mexico import export trade provider, to stay updated with the latest information regarding the asphalt export of the nation via the Mexico Trade Data.

GOVERNMENT INITIATIVES SUPPORTING THE ASPHALT EXPORT OF MEXICO IN 2024

The National Road Infrastructure Program has increased the road-building frequency while allowing the country to develop and scale up the economy, supporting the exports. The National Road Conservation Program has maintained sustainability in the steady asphalt demand while encouraging investment in asphalt production.

The public-private partnership road investment has financed the increased road-building capacity. It has also led to an improvement in the domestic production facilities. The priority highway corridors and regional connectivity projects have introduced stronger transport infrastructure while reducing freight costs and supporting. The port expansion and logistics infrastructure enhancement have improved the port infrastructure with the proper expansion of export logistics.

THE LEADING VARIANTS OF ASPHALT EXPORTED FROM MEXICO IN 2024

The export support agencies and the well-developed documentation systems have promoted the country to a modern customs infrastructure. It has led to a diversity in the overall global trade output as per the consumer-based acquisitions. According to the Mexico Export Data, the topmost variants of asphalt exported from the nation in 2024 are,

Petroleum Bitumen — The annual valuation of Petroleum Bitumen exported from Mexico in 2024–432 million US dollars
Asphalt Cement — The annual valuation of Asphalt Cement exported from Mexico in 2024–324 million US dollars
Penetration Grade Asphalt — The annual valuation of Penetration Grade Asphalt exported from Mexico in 2024–287 million US dollars
60/70 Pen Grade Asphalt — The annual valuation of 60/70 Pen Grade Asphalt exported from Mexico in 2024–219 million US dollars
80/100 Pen Grade Asphalt — The annual valuation of 80/100 Pen Grade Asphalt exported from Mexico in 2024–187 million US dollars
Polymer-Modified Asphalt (PMA) — The annual valuation of Polymer-Modified Asphalt (PMA) exported from Mexico in 2024–154 million US dollars
Asphalt Emulsions — The annual valuation of Asphalt Emulsions exported from Mexico in 2024–116 million US dollars
Oxidized (Blown) Asphalt — The annual valuation of Oxidized (Blown) Asphalt exported from Mexico in 2024–109 million US dollars
Cutback Asphalt — The annual valuation of Cutback Asphalt exported from Mexico in 2024–92 million US dollars
Roofing & Waterproofing Asphalt — The annual valuation of Roofing & Waterproofing Asphalt exported from Mexico in 2024–87 million US dollars

TOP TRADE PARTNERS OF MEXICO IN 2024

The integration of the country with the North American supply chains and the competitive pricing ranges set up by the authorities, along with increasing demand in Central America, has benefited the bilateral relationship of the country with the topmost investing regions. According to the Mexico Customs Data, the topmost trade partners of the nation for asphalt exports in 2024 are,

United States — The total valuation of asphalt exported from Mexico to the United States in 2024–415 million US dollars