HS Code:
Tarred macadam, classified under HS Code 2517.30, refers to a type of road construction material made from crushed stone bound with tar or bitumen. It is commonly used for surfacing roads, driveways, and other infrastructure projects. This category includes mixtures of tarred macadam and similar materials used in construction and maintenance of transportation infrastructure. Global trade in this category is influenced by construction demand, urbanization rates, and infrastructure development policies across countries.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization Reports
$35 million USD
23.3% of total trade of total trade
Increasing
$28 million USD
18.7% of total trade of total trade
Stable
$20 million USD
13.3% of total trade of total trade
Increasing
$15 million USD
10.0% of total trade of total trade
Stable
$10 million USD
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand due to urbanization
Increased trade volume in developing regions like Southeast Asia and Africa due to infrastructure projects
2021-2022
Shift towards sustainable materials
Growing preference for eco-friendly alternatives to traditional tarred macadam, impacting trade of conventional products
2020-2022
Fluctuating raw material costs
Volatility in bitumen and tar prices affecting export competitiveness of key suppliers
2022
The European Union introduced stricter environmental regulations under the Green Deal, targeting reduced carbon emissions in construction materials including tarred macadam.
March 2022
Potential reduction in demand for traditional tarred macadam in EU markets, pushing exporters to innovate or shift to alternative markets.
Major infrastructure initiatives like Chinaโs Belt and Road Initiative have spurred demand for tarred macadam in participating countries.
June 2022
Significant increase in export opportunities for suppliers in China and neighboring countries.
The United States revised tariffs on certain construction materials, including tarred macadam, to support domestic producers under the Build Back Better framework.
September 2022
Increased costs for importers, potentially reducing trade volume from non-USMCA countries.