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2022
Exports $278MWorld Rnk 10 / 195
Flag Rnk 214 / 1216
2022
Destination $5.36M Germany
2021 - 2022
FASTEST GROWING MARKET $5.36MKazakhstan
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $209MWorld Rnk 14 / 224
Flag Rnk 438 / 1214
2022
Origin $8.22M Germany
2021 - 2022
FASTEST GROWING ORIGIN $8.22MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $278M in Lubricating Products, making it the 10th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 214th most exported product in United Kingdom. The main destination of Lubricating Products exports from United Kingdom are: Germany ($13.1M), Ireland ($12.5M), United Arab Emirates ($12.1M), Sweden ($11.8M), and Singapore ($11.4M).

The fastest growing export markets for Lubricating Products of United Kingdom between 2021 and 2022 were Kazakhstan ($5.36M), United Arab Emirates ($2.55M), and Saudi Arabia ($2.54M).

Imports In 2022, United Kingdom imported $209M in Lubricating Products, becoming the 14th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 438th most imported product in United Kingdom. United Kingdom imports Lubricating Products primarily from: Germany ($60.8M), Belgium ($29.5M), United States ($29.3M), Netherlands ($24.3M), and France ($22.1M).

The fastest growing import markets in Lubricating Products for United Kingdom between 2021 and 2022 were United States ($8.22M), United Arab Emirates ($5.73M), and Netherlands ($3.93M).

COMPANIES In 2023, leading companies such as Amazon (3) were at the forefront of shipping Lubricating Products from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Lubricating Products exports accounted up to £17.6M and imports accounted up to £13.8M, resulting in a positive trade balance of £3.8M. Between September 2023 and September 2024 the exports of United Kingdom's   Lubricating Products have increased by £2.37M (15.6%) from £15.2M to £17.6M, while imports decreased by £-1.53M (-10%) from £15.3M to £13.8M.

Destinations In September 2024, Lubricating Products were exported mostly to Belgium (£2.03M), Singapore (£1.32M), Germany (£1.31M), Turkey (£949k), and India (£928k), and were imported mostly from Belgium (£3.81M), Germany (£3.32M), United States (£1.81M), Netherlands (£1.75M), and France (£1.56M).

Growth In September 2024, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Kazakhstan (£1.37M or 5.65k%), Turkey (£430k or 167%), and Netherlands (£400k or 85.5%). In September 2024, the decrease in Lubricating Products's year-by-year imports was explained primarily by a decrease in imports from Lithuania (£-797k or -96.3%), Belgium (£-450k or -23.7%), and France (£-124k or -5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£2.37M(15.6%)
IMPORT GROWTH (September 2023 - September 2024)£-1.53M(-10%)
MAIN EXPORTER (September 2024)London Gateway£7.34M
MAIN DESTINATION (September 2024)Belgium£2.03M

This section shows Lubricating Products's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Lubricating Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$278M
IMPORTS (2022)$209M
NET TRADE (2022)$68.9M

In 2022, United Kingdom exported $278M in Lubricating Products. The main destinations of United Kingdom exports on Lubricating Products were Germany ($13.1M), Ireland ($12.5M), United Arab Emirates ($12.1M), Sweden ($11.8M), and Singapore ($11.4M).

In 2022, United Kingdom imported $209M in Lubricating Products, mainly from Germany ($60.8M), Belgium ($29.5M), United States ($29.3M), Netherlands ($24.3M), and France ($22.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Kazakhstan$5.36M (804%)
United Arab Emirates$2.55M (26.8%)
Saudi Arabia$2.54M (30.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY United Kingdom WERE (2021 - 2022):
Russia-$17.8M (-81.9%)
Ukraine-$3M (-53.3%)
Belarus-$2.66M (-85.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, United Kingdom's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

Explore Visualizations

Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.33M
TOP IMPORT POTENTIALGermany+ $13.4M

Lubricating Products’s highest export potential is Germany. With an export gap of $9.33M.   Lubricating Products’s highest import potential is Germany with an import gap of $13.4M.

See methodology.

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