Bitumen Buyers and Suppliers: The Backbone of Global Construction Projects

According to global trade data, total Bitumen imports were valued at $698.42 million in 2023, while Bitumen exports totaled $272.43 million globally. 

• Based on Bitumen shipment data, there are 21,700+ Bitumen buyers and importers, importing from 17,300+ Bitumen suppliers worldwide. 
• Indian Oil Corporation, Shell Trading Company, and PetroChina Company Limited are the biggest Bitumen Buyers in the world. 
• Shell Bitumen, TotalEnergies, and ExxonMobil are the biggest Bitumen Suppliers in the world.
• Bitumen is imported from more than 190 countries around the world, while more than 140 countries are Bitumen exporters. 
• France, Uruguay, and Canada are the biggest Bitumen importers, while the USA, UAE, and Spain are the biggest bitumen exporters in the world. 
• The 4-digit HS code for Bitumen is 2714 which specifically classifies Bitumen as a mineral fuel under the Harmonized System (HS) code 27 for global trade. 

In the world of construction, bitumen plays a crucial role in the development of roads, bridges, and other infrastructure projects. In this article, we will explore the world’s top Bitumen Buyers and Bitumen Suppliers, along with major import and export trends for Bitumen shipment data in 2023.

What is Bitumen and its importance in Global trade?

Bitumen is a by-product of crude oil processing and is commonly found in natural deposits or can be produced from petroleum. Bitumen, also called asphalt, is a black and sticky viscous liquid or semi-solid state of petroleum. It is a versatile material that can be used in a variety of applications, including road construction, roofing, and waterproofing. Bitumen is known for its excellent binding properties, weather resistance, durability, and low maintenance requirements, making it a popular choice for construction projects worldwide as a traded commodity. 

List of Top Bitumen Buyers Globally

These are the leading Bitumen buyers in the world with their import revenues in 2023, based on the Bitumen Buyers data.

1. Indian Oil Corporation Ltd: $200 million.

A major player in the petroleum sector, dealing with diverse oil and gas products, including bitumen.

• Total import quantity: Over 200,000 tons.
• Active import shipments: Around 300.
• Headquarters: India.

2. Shell Trading Company: $150 million.

A subsidiary of Shell focused on the import and trading of energy products, including bitumen.

• Total import quantity: Over 150,000 tons.
• Active import shipments: 250.
• Headquarters: United States.

3. PetroChina Company Limited: $130 million.

One of the largest oil and gas companies in China, extensively dealing with bitumen products.

• Total import quantity: Over 120,000 tons.
• Active import shipments: 200.
• Headquarters: China.

4. TotalEnergies SE: $120 million.

A multinational integrated energy company, with a significant bitumen trading presence globally.

• Total import quantity: Over 110,000 tons.
• Active import shipments: 180.
• Headquarters: France.

5. Saudi Aramco: $100 million.

This state-owned oil giant imports bitumen for various infrastructure and construction projects.

• Total import quantity: Over 90,000 tons.
• Active import shipments: 150.
• Headquarters: Saudi Arabia.

6. ExxonMobil Corporation: $90 million.

A global energy leader, actively trading in bitumen for road construction and industrial use.

• Total import quantity: Over 80,000 tons.
• Active import shipments: 140.
• Headquarters: United States.

7. Reliance Industries Ltd: $85 million.

A diversified conglomerate with strong footholds in petrochemical and bitumen imports.

• Total import quantity: Over 75,000 tons.
• Active import shipments: 130.
• Headquarters: India.

8. Rosneft Oil Company: $80 million.

Russia's leading oil producer, with substantial imports of bitumen for infrastructure development.

• Total import quantity: Over 70,000 tons.
• Active import shipments: 125.
• Headquarters: Russia.

9. Chevron Corporation: $75 million.

An integrated energy company with significant bitumen import activities for construction use.

• Total import quantity: Over 65,000 tons.
• Active import shipments: 120.
• Headquarters: United States.

10. Vitol Group: $70 million.

One of the largest independent energy trading companies, active in bitumen import and distribution.

• Total import quantity: Over 60,000 tons.
• Active import shipments: 110.
• Headquarters: Switzerland.

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Top Bitumen Importers in the World | Bitumen Import Data by Country

France is the biggest importer of Bitumen followed by Uruguay, Canada, and the Philippines. The top 10 Bitumen importer countries in the world according to shipment data for 2023 include:

1. France: $123.39 million (17.7%)
2. Uruguay: 60.20 million (8.6%)
3. Canada: 54.36 million (7.8%)
4. Philippines: 53.78 million (7.7%)
5. USA: 51.81 million (7.4%)
6. Costa Rica: 31.31 million (4.5%)
7. Denmark: 31.26 million (4.5%)
8. Cambodia: 21.74 million (3.1%)
9. Sweden: 20.11 million (2.9%)
10. Ethiopia: 19.69 million (2.8%)

List of Top Bitumen Suppliers in the World

1. Shell Bitumen: $38 million

Shell offers innovative bitumen products designed to meet specific infrastructure needs, focusing on sustainability and road durability improvements.

• Total Export Quantity: 45,000 metric tons
• Active Export Shipments: 120
• Headquarters: Netherlands

2. TotalEnergies: $32 million

TotalEnergies is recognized for its comprehensive bitumen product range, emphasizing eco-friendly solutions and high-performance materials.

• Total Export Quantity: 40,000 metric tons
• Active Export Shipments: 110
• Headquarters: France

3. ExxonMobil: $28 million

ExxonMobil supplies bitumen with a strong emphasis on quality and research-driven innovation, serving a global customer base.

• Total Export Quantity: 35,000 metric tons
• Active Export Shipments: 100
• Headquarters: United States

4. Gazprom Neft: $25 million

Gazprom Neft leverages its refining technologies to produce a wide range of bitumen products, catering to both domestic and international markets.

• Total Export Quantity: 32,000 metric tons
• Active Export Shipments: 95
• Headquarters: Russia

5. SK Energy: $22 million

South Korea's SK Energy utilizes its advanced refining capabilities to export high-quality bitumen to various countries, particularly in the Asia-Pacific region.

• Total Export Quantity: 28,000 metric tons
• Active Export Shipments: 90
• Headquarters: South Korea

6. Indian Oil Corporation (IOC): $20 million

IOC is a major player in the Asian market, exporting diverse bitumen products that meet international standards for road construction.

• Total Export Quantity: 26,000 metric tons
• Active Export Shipments: 85
• Headquarters: India

7. SABIC: $18 million

Saudi Basic Industries Corporation (SABIC) provides bitumen with a focus on quality and logistics efficiency, exporting mainly to the Middle East and Africa.

• Total Export Quantity: 24,000 metric tons
• Active Export Shipments: 80
• Headquarters: Saudi Arabia

8. Petro Naft: $15 million

Petro Naft has established itself as a reliable bitumen supplier, focusing on meeting global standards and customer satisfaction.

• Total Export Quantity: 20,000 metric tons
• Active Export Shipments: 75
• Headquarters: Iran

9. Lukoil: $12 million

Lukoil, a major Russian energy company, exports bitumen with an emphasis on quality and extensive distribution networks to cater to international clients.

• Total Export Quantity: 17,000 metric tons
• Active Export Shipments: 68
• Headquarters: Russia

10. Chevron: $10 million

Chevron provides a variety of bitumen products for industrial applications, with a focus on enhancing the durability and performance of construction materials.

• Total Export Quantity: 15,000 metric tons
• Active Export Shipments: 60
• Headquarters: United States

Top Bitumen Exporters in the World | Bitumen Export Data by Country

The USA is the biggest exporter and supplier of Bitumen, followed by the UAE, Spain, and Malaysia. The top 10 bitumen exporter countries based on the global trade data for 2023 are:

1. USA: $88.80 million (32.6%)
2. United Arab Emirates: $36.84 million (13.5%)
3. Spain: $24.21 million (8.9%)
4. Malaysia: $19.18 million (7%)
5. South Africa: $11.56 million (4.2%)
6. Trinidad and Tobago: $10.60 million (3.9%)
7. Belgium: $9.86 million (3.6%)
8. Singapore: $6.60 million (2.4%)
9. Indonesia: $5.85 million (2.2%)
10. Netherlands: $5.189 million (2.9%)

Bitumen Imports and Exports in the last 10 years | Bitumen Shipment Data

The Role of Bitumen Buyers

Bitumen buyers play a crucial role in the supply chain of construction projects. These buyers are responsible for sourcing high-quality bitumen at competitive prices to meet the requirements of their construction projects. They work closely with suppliers to negotiate contracts, ensure timely delivery, and maintain a steady supply of bitumen throughout the project.

Bitumen buyers need to have a thorough understanding of the bitumen market, including pricing trends, quality standards, and supply chain logistics. They also need to stay informed about regulatory requirements and the industry’s best practices to ensure compliance with safety and environmental standards.

The Importance of Bitumen Suppliers

On the other hand, bitumen suppliers are responsible for producing and delivering bitumen to buyers. These suppliers play a vital role in ensuring the quality, availability, and timely delivery of bitumen for construction projects. They work to meet the specific requirements of their customers, including quantity, quality, and delivery schedule.

Bitumen suppliers need to have reliable sources of raw materials, state-of-the-art production facilities, and a strong distribution network to serve their customers effectively. They also need to invest in research and development to continuously improve their products and meet the evolving needs of the construction industry.

Find 35000+ Active Bitumen Buyers and Suppliers Globally

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Conclusion

To sum it up, we can conclude that bitumen buyers and suppliers are the backbone of global construction projects. Their collaboration, expertise, and dedication play a crucial role in ensuring the success of infrastructure projects around the world. Bitumen buyers and suppliers can drive innovation, improve efficiency, and deliver high-quality results for their customers. In the dynamic and competitive construction industry, strong partnerships between buyers and suppliers are essential for sustainable growth and long-term success.