HomeMarket InsightsCarbon & Refinery ProductsPetroleum Bitumen Trade Data to 2025, with a 2026 Monthly Update: Iraq’s Arrival, Ukraine’s Doubling and a Unit-Value Warning

Petroleum Bitumen Trade Data to 2025, with a 2026 Monthly Update: Iraq’s Arrival, Ukraine’s Doubling and a Unit-Value Warning

Bottom line: extra-EU bitumen trade runs in one direction. In the twelve months to July 2026 the EU27 exported 1,491.7 m EUR of petroleum bitumen (HS 271320) — 3,803.6 kt — and imported 212.6 m EUR, or 487.6 kt. Both sides shrank in 2026, but not equally: January–July imports were 32.6% below their value and 38.2% below their volume a year earlier, while exports fell 11.9% in value and 30.2% in volume. The origin map moved harder than the totals: Turkey still supplied 67.7% of lagging-twelve-month import value, yet its January–July volume halved to 132.1 kt, while Iraq went from 3.02 m EUR to 26.88 m EUR. On the export side Ukraine tripled, to 103.71 m EUR. One caveat before any price change is used: the 2025 export series contains a four-month UK anomaly that explains most of the apparent jump in the EU’s implied export price.

Data updated: 2026-09-25. The annual table below carries UN Comtrade files through 2025; the sections before it extend that with Eurostat Comext monthly data through 2026-07 and Comtrade monthly customs returns for India and the United States through June 2026.

Latest 12 months: monthly values, volumes and implied unit values

The freshest reading on this product is not an annual number: Eurostat’s Comext monthly series covers the whole window from 2025-08 to 2026-07, so the table below is the actual monthly record, not a share-of-year estimate. The latest month available at the time of writing is 2026-07, at 19.71 m EUR of imports and 113.44 m EUR of exports; the import unit value that month was 527 EUR/t and the export unit value 461 EUR/t.

EU27 extra-EU trade in petroleum bitumen (HS 271320) — monthly, 2025-08 to 2026-07. Source: Eurostat Comext, dataset DS-045409 (EU27, extra-EU trade, monthly), retrieved 2026-09-25. Quantity converted from 100 kg to tonnes; implied unit value is reported value divided by reported quantity for the same month, across all grades and contract terms inside the six-digit code.
Month Imports, m EUR Imports, kt Imports, EUR/t Exports, m EUR Exports, kt Exports, EUR/t
2025-08 33.47 84.39 397 161.98 417.70 388
2025-09 25.25 61.50 411 160.15 421.41 380
2025-10 9.74 22.63 430 144.65 400.65 361
2025-11 20.00 56.02 357 129.29 353.57 366
2025-12 7.29 18.95 385 123.45 402.77 306
2026-01 7.92 24.78 320 79.01 268.18 295
2026-02 3.15 8.90 354 68.17 207.79 328
2026-03 14.60 32.83 445 105.20 257.66 408
2026-04 9.39 18.11 519 104.17 218.06 478
2026-05 19.14 40.58 472 145.38 299.85 485
2026-06 42.92 81.44 527 156.86 309.78 506
2026-07 19.71 37.43 527 113.44 246.20 461

Three features matter more than the monthly noise. The flows differ in scale and season: imports never exceeded 42.92 m EUR in a single month of 2026 (2026-06), while exports ran at four to eight times that level every month. The 2026 window is smaller on both sides — 116.8 m EUR and 244.1 kt of imports to July against 173.3 m EUR and 395.3 kt in January–July 2025, a 32.6% fall in value and 38.2% in volume. And the two unit values moved in opposite directions: imports from 438 to 479 EUR/t (+9.4%), exports from 338 to 427 EUR/t (+26.3%) — the second of which needs explaining before it is used.

On volume rather than value the 2026 contraction is unambiguous: 1,807.5 kt left the EU in the first seven months of 2026 against 2,589.9 kt a year earlier, which is a supply-side statement about how much residue European refineries had left after their own asphalt demand was served.

Origins and destinations: Turkey halves, Iraq arrives, Ukraine triples

The partner detail is where this market gets interesting. The table below is computed from the complete Comext partner dimension, not a sample of countries; its rows reconcile to the published extra-EU total to within 0.6%.

EU27 extra-EU bitumen (HS 271320) by partner: lagging twelve months (2025-08 to 2026-07) with the January–July comparison. Source: Eurostat Comext, dataset DS-045409, retrieved 2026-09-25. The “Countries/territories n.e.s.” row is the sum of the residual partner codes in the Comext dimension (QU, QV, QW, QX, QY, QZ); it is a category, not a country.
Flow Partner L12, m EUR L12 share L12, kt L12, EUR/t Jan–Jul 2025, m EUR Jan–Jul 2026, m EUR Change
Imports (EU27 extra-EU), top origins
Imports Türkiye 144.32 67.7% 349.5 413 133.70 61.78 -53.8%
Imports Iraq 29.95 14.0% 62.8 477 3.02 26.88 +791.1%
Imports Countries/territories n.e.s. 12.37 5.8% 25.1 492 0.46 10.04 +2073.6%
Imports United Kingdom 6.32 3.0% 10.3 612 16.12 4.83 -70.1%
Imports Norway 4.53 2.1% 7.2 631 1.46 1.59 +8.4%
Imports United States 4.22 2.0% 6.3 666 7.12 2.54 -64.3%
Imports Colombia 4.08 1.9% 13.7 297 0.00 4.08 new in 2026
Imports Saudi Arabia 3.06 1.4% 6.4 478 4.02 3.06 -23.8%
Exports (EU27 extra-EU), top destinations
Exports United Kingdom 347.20 23.3% 924.5 376 203.18 190.78 -6.1%
Exports Algeria 209.86 14.1% 615.6 341 167.32 95.98 -42.6%
Exports Norway 149.23 10.0% 281.0 531 85.78 87.26 +1.7%
Exports Ukraine 147.22 9.9% 299.9 491 34.70 103.71 +198.9%
Exports Morocco 112.23 7.5% 329.9 340 107.62 51.17 -52.5%
Exports Switzerland 92.13 6.2% 196.0 470 54.27 53.86 -0.8%
Exports North Macedonia 55.17 3.7% 128.5 429 18.16 33.07 +82.1%
Exports Libya 44.38 3.0% 131.0 339 32.24 20.86 -35.3%
Exports United States 32.27 2.2% 102.6 314 13.31 0.67 -94.9%
Exports Serbia 31.51 2.1% 56.5 557 16.52 18.42 +11.5%
Exports Cameroon 28.45 1.9% 96.4 295 40.62 5.32 -86.9%
Exports Moldova 25.71 1.7% 55.2 465 10.94 11.41 +4.3%
Exports Türkiye 22.69 1.5% 64.2 353 3.62 13.96 +285.8%
Exports Tunisia 20.98 1.4% 62.5 336 14.56 7.80 -46.4%

Imports. Turkey remains the dominant external supplier at 144.32 m EUR over the twelve months, 67.7% of all import value, but the January–July comparison is a collapse rather than a rotation: 133.70 m EUR a year ago against 61.78 m EUR now, on volumes down from 307.3 kt to 132.1 kt. Iraq is the mirror image — 3.02 m EUR in January–July 2025, 26.88 m EUR in January–July 2026 — and in the latest month Iraq supplied 5.87 m EUR against Turkey’s 8.61 m EUR, the closest the two have come in this window. Two smaller lines are worth flagging: Saudi Arabia reappears at 3.06 m EUR, and Colombia appears at 4.08 m EUR with no comparable 2025 value at all.

Exports. The United Kingdom is the largest single destination (347.20 m EUR, 23.3% of the twelve-month total), but the growth is at the eastern edge: EU sellers shipped 103.71 m EUR to Ukraine in January–July 2026 against 34.70 m EUR a year earlier, taking Ukraine’s twelve-month share of export value to 9.9%. Algeria and Morocco, the North African volumes that used to absorb this flow, both roughly halved (167.32 to 95.98 m EUR and 107.62 to 51.17 m EUR), while Norway, Switzerland and North Macedonia were stable. In the latest month the ranking was the United Kingdom at 25.82 m EUR, Ukraine at 21.84 m EUR and Morocco at 9.78 m EUR.

A unit-value warning: the UK lane in February–May 2025

Before the export unit value is used, one number has to be pulled apart. Between 338 and 427 EUR/t the EU’s implied export unit value appears to rise +26.3% — a strong statement about European bitumen pricing, and not a real one. Nearly all of that move comes from a single destination in a single four-month stretch: in February–May 2025 the EU booked 715.6 kt of exports to the United Kingdom at an implied 139 EUR/t, against 259.0 kt at 418 EUR/t in the same four months of 2026. 139 EUR/t is not a bitumen price at any point in this decade, and it matches no other month on that lane. Excluding the United Kingdom entirely, the EU’s implied export unit value moves from 413 to 435 EUR/t, a change of +5.3% — essentially flat, and consistent with the better-behaved import series.

Analysis (data quality, not a market call). Two explanations fit and this article cannot separate them: either a large low-value volume was declared under HS 2713 20 in those four months (off-spec material, tank-cleaning residues, a reclassified cargo), or customs values were mis-stated on a set of shipments. A genuine collapse in the UK-lane price can be excluded: no other month in the window shows anything like it, and the same four months of 2026 return to 418 EUR/t. The consequence is narrow but real — a model taking the published export unit value at face value reads a 2025 base roughly a fifth too low, and overstates 2026 price growth. Volume-based work is unaffected.

The global annual picture through 2025

The annual panel below is the wider frame: the same 30 reporting economies queried every year through UN Comtrade, then reduced to a fixed core — only the reporters that filed HS 271320 in every year from 2020 to 2025 — so that year-on-year change cannot be an artefact of coverage. Coverage for this code is unusually good: 23 of the panel economies had filed 2025 export data and 24 had filed 2025 import data, against 23 and 24 for 2024, with Chinese Taipei the only panel member present in 2024 and absent in 2025. Unlike some petrochemicals, China’s own 2025 annual return for this code is in the file.

UN Comtrade, HS 271320 (petroleum bitumen; obtained from bituminous minerals), partner World, annual 2020–2025, fixed core panel. Value core: 21 reporters for exports and 23 for imports. Net-weight core: 13 and 12 reporters respectively. Implied unit value is reported value divided by reported net weight, computed on the weight core only. 2025 figures are first-reported and subject to revision.
Flow Year Value, m USD Volume, kt Implied USD/t Reporters in core
Exports 2020 5,527 19,252.8 286 21
Exports 2021 7,821 18,123.2 400 21
Exports 2022 10,252 18,625.2 525 21
Exports 2023 9,018 19,505.5 461 21
Exports 2024 8,320 17,905.0 449 21
Exports 2025 7,239 16,533.4 407 21
Imports 2020 5,495 23,921.6 200 23
Imports 2021 7,470 23,065.9 407 23
Imports 2022 10,188 18,595.1 536 23
Imports 2023 9,499 19,160.5 466 23
Imports 2024 8,984 17,253.9 443 23
Imports 2025 9,196 20,300.9 407 23

Two readings follow. The value peak was 2022 (10,252 m USD of exports, 10,188 m USD of imports) and the market has given back most of that gain: 2025 export value was 7,239 m USD, -13.0% against 2024, at 407 USD/t on the weight core. Import value was almost unchanged at 9,196 m USD (+2.4%), on a volume that rose to 20,300.9 kt — the arithmetic of a product priced by refinery residue economics, not by the paving calendar alone.

Who trades it matters as much as the totals. The largest importers remain the United States (2,517 m USD in 2024, 2,372 m USD in 2025) and China (1,409 and 1,600 m USD), with India third (1,024 and 1,178 m USD). Canada (2,227 m USD, then 1,273 m USD) and Singapore lead the export side, but both fell sharply in 2025 — the backdrop against which the EU’s contraction belongs.

Outside the EU: India’s demand shock and the United States’ steady pull

Two national monthly series extend the picture beyond Europe. Both are customs returns for the World partner, comparable with each other but not with the EU aggregate above.

  • India: imports of 367.7 m USD in January–June 2026 against 719.9 m USD a year earlier (-48.9%), on 905.2 kt against 1,809.3 kt (-50.0%). The half-year unit value was flat, but 2026-06 alone prints at 609 USD/t.
  • United States: imports of 1,269.3 m USD in January–June 2026 against 1,226.5 m USD a year earlier (+3.5%), on 2,932.8 kt against 3,062.9 kt (-4.2%), with the implied unit value up from 400 to 433 USD/t. Exports of the same product ran 249.8 m USD against 229.3 m USD (+8.9%), so the United States remains the one large two-way trader in this product.

The Indian side is documented by the Indian government itself. In its Industry Consumption Report for June 2026, the Petroleum Planning & Analysis Cell of India’s Ministry of Petroleum and Natural Gas records bitumen consumption of 571 thousand tonnes, 18.4% below June 2025, and 1,481 thousand tonnes for April–June 2026, 38.7% below the same quarter a year earlier; the May 2026 report shows 519 thousand tonnes, 39.4% below May 2025. It attributes the contraction to the Middle East situation disrupting the bitumen supply chain and to imported bitumen prices rising by 60% — an unprecedented move in its words — which is why 98% of April–June sales went to road construction while state agencies introduced cost-compensation mechanisms. The causation runs from a supply and price shock upstream to paving demand, not the other way round.

The same story appears, with the opposite sign, in the EU’s import mix: Iraq’s rise from 3.02 to 26.88 m EUR in January–July is the substitution a disrupted Gulf logistics chain produces, into a market whose traditional first supplier halved. Buyers of penetration grades should treat Table 2’s origin mix as a live variable for the rest of the 2026 paving season.

What the trade rules already say

Two legal facts frame this dataset. Russian bitumen has not been importable into the EU since 2023: Council Regulation (EU) 2023/427 of 25 February 2023, part of the tenth sanctions package and amending Regulation (EU) No 833/2014, brought petroleum coke and petroleum bitumen (CN 2713) within the import prohibitions of Annex XXI. Russia indeed does not appear as an EU import origin in the current window; that zero is legal, not market. Worth stating just as precisely, because it is easy to over-read: the restriction effective 21 January 2026 under Article 3ma of the same Regulation concerns products listed under CN 2710 made in a third country from Russian-origin crude. Bitumen sits in CN 2713, so the 2026 fall should not be attributed to that provision.

Analysis (outlook). Three statements are supportable and no more. The EU is structurally long: exports are seven times imports by value and eight times by volume, so European refinery residue economics, not EU demand, set the export number. The import side is in practice a two-supplier market — Turkey plus Iraq took 81.7% of twelve-month import value — which makes the EU’s import bill unusually sensitive to one Gulf logistics corridor, at a moment when India’s experience shows what disruption there costs. And the export mix has rotated toward destinations with reconstruction or infrastructure mandates (Ukraine, North Macedonia, Moldova, Serbia, Türkiye) and away from the North African volumes.

Related PetroApex product pages

Bitumen is the bottom of the barrel, and its logic only closes with the neighbouring streams in view:

Need the full bitumen picture, including grades and landed costs?

This article covers reported trade flows and their unit values. It does not cover the grade-by-grade specification stack (penetration, viscosity, polymer-modified), the refinery-to-port logistics cost model, or a buyer-level supplier map. For a sample chapter, the full table of contents, or a bespoke cut — EU imports from Iraq by month and port, say, or a freight-adjusted landed-cost model for a named origin-to-plant lane — request a sample report or a custom research scope and we will come back with scope, data dictionary and price.

Data sources and method

All figures above are computed from the raw responses of the public APIs and public documents listed below and are not copied from any secondary summary. Each number can be traced to a query or a document that was opened and verified on 2026-09-25. The Eurostat Comext series was re-read on 2026-09-25; the UN Comtrade annual and monthly files were first retrieved on 2026-09-24 and re-verified on 2026-09-25.

Method notes. Eurostat Comext quantity is reported in units of 100 kg and has been converted to tonnes; “implied EUR/t” is reported value divided by reported quantity for the same month and the same partner, and is a customs average across all grades and contract terms inside the six-digit code, not a market price assessment. Partner shares are computed on the complete Comext partner dimension after removing the intra-EU aggregate row and the 27 member states; the remaining extra-EU rows sum to 100.0% of the published export total and 100.3% of the import total, the small excess on the import side being the residual “Countries and territories n.e.s.” row, which is a category in the Comext dimension and not a country. For UN Comtrade, rows with a second partner code or a mode-of-transport breakdown were excluded, and where a reporter filed several customs procedures the all-procedures total (C00) was used. Annual aggregates are computed on a fixed core panel of reporters present in every year 2020–2025, so coverage changes cannot masquerade as growth; 2025 annual data is first-reported and subject to revision, and Chinese Taipei had not filed 2025 for this code. Where a reporter filed value without net weight, no unit value is shown. Nothing in this article is a forecast, and nothing in it is derived by interpolating or extrapolating a price series. The Indian consumption figures are provisional government estimates and the Ukrainian import figures are third-party trade media statistics, both cited as such.

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