Bitumen (also known as asphalt or mineral pitch) is a dark brown to black, highly viscous to semi-solid hydrocarbon material derived primarily as a residual product from the vacuum distillation of crude oil. It is composed mainly of high-molecular-weight polycyclic aromatic hydrocarbons, asphaltenes, resins, and oils. Bitumen is characterized by its thermoplastic behavior, becoming soft and workable when heated and hardening upon cooling. It exhibits excellent waterproofing, adhesive, and binding properties, making it widely used in road construction and maintenance (as a binder in asphalt concrete), roofing, waterproofing membranes, and various industrial applications. Naturally occurring deposits (such as the Athabasca oil sands in Canada) also constitute a significant source of bitumen.
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Key Influence Events
Data source: UN Comtrade public trade statistics (https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202607&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true) | Last updated: 2026-11-07
Price Trajectory, latest 12 months (2025-08 to 2026-07)
The monthly customs export unit value for HS 271320 moved from USD 404.09/ton in 2025-08 to USD 525.08/ton in 2026-07 (+29.9% across the window). The window high was USD 567.38/ton in 2026-06 and the low USD 333.14/ton in 2026-01. Three-month averages put the latest quarter +27.2% against the previous one, which is read here as neutral.
The same panel reported USD 3,430.9 million of export value on 7,786,366 tonnes over the twelve months, an average of 648,864 tonnes a month. Values are customs returns for the stated HS heading, so they capture the traded mix of that heading rather than a single quoted grade.
2026-08 is deliberately not in the series: of the 15 economies that make up this page's fixed panel, 14 had filed both value and net weight for this heading when the page was re-checked on 2026-11-07 (the heading drew 18 filers in total that month); neither 2026-09 nor 2026-10 drew a single filing for this heading. Splicing a partly-filed month onto a fixed panel would move the unit value through composition alone, so the window stays at 2026-07 until the whole panel for 2026-08 has reported.
HS 271320 covers petroleum bitumen, so the series is product-specific; penetration grades and cutbacks are not separated inside the heading.
Supply-side factors
- Fixed reporting panel of 15 economies: AUS (36), BRA (76), CAN (124), CZE (203), DNK (208), FIN (246), DEU (276), HUN (348), IRL (372), MYS (458), PRT (620), IND (699), SWE (752), GBR (826), USA (842). The panel is held constant in every month of the window so month-to-month movement is not a composition effect.
- Monthly unit value range over the window: USD 333.14 to USD 567.38/ton.
- Latest month, 2026-07: USD 525.08/ton, -7.5% against the previous month, on 734,574 tonnes.
Demand-side factors
- Bitumen demand is tied to road construction and maintenance, roofing and waterproofing, so it tracks infrastructure spending cycles and the paving season.
- Related market pages on this site: Petroleum Coke, Crude Oil and Paraffin Wax.
Basis: these are customs unit values for the stated HS heading, not quoted spot, contract or assessed prices, and no paid price assessment is used or redistributed on this page. Every figure can be re-checked at the API links listed at the end of this page.
Top Countries Production Capacity
| Property | Typical Value / Range | Unit | Grade / Standard |
|---|
Data Sources
Price and volume figures are derived from the directly verified public sources below. The customs unit values are USD/ton; they are not subscription price assessments. Grade-level specifications are not restated here: confirm them with the supplier. Every monthly endpoint used for the series on this page is listed below, together with the HS classification reference.
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202508&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202509&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202510&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202511&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202512&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202601&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202602&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202603&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202604&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202605&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202606&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/public/v1/preview/C/M/HS?reporterCode=156,842,699,410,276,528,356,360,764,458,724,40,56,251,380,616,826,124,76,484,792,682,784,704,490,702,643,36,710,818,364,203,348,300,620,372,208,246,752,578,320,508&period=202607&cmdCode=271320&partnerCode=0&flowCode=X&includeDesc=true
- https://comtradeapi.un.org/files/v1/app/reference/HS.json
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