Lubricating Products in United Kingdom 2021 Exports | Imports : $291M | $183M, World Rnk 9 / 190 Rnk 212 / 1216 | World Rnk 17 / 222 Rnk 447 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $5.59M | $5.25M, Russia | United States
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Lubricating Products: 1.44, Rnk 66 / 1029
Exports In 2021, United Kingdom exported $291M in Lubricating Products, making it the 9th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 212th most exported product in United Kingdom. The main destination of Lubricating Products exports from United Kingdom are: Russia ($21.7M), Germany ($13.2M), Turkey ($13.2M), Sweden ($11.9M), and Singapore ($11M).
The fastest growing export markets for Lubricating Products of United Kingdom between 2020 and 2021 were Russia ($5.59M), Finland ($5.24M), and United States ($3.12M).
Imports In 2021, United Kingdom imported $183M in Lubricating Products, becoming the 17th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 447th most imported product in United Kingdom. United Kingdom imports Lubricating Products primarily from: Germany ($59.2M), Belgium ($26.7M), United States ($20.7M), Netherlands ($20.5M), and France ($19.4M).
The fastest growing import markets in Lubricating Products for United Kingdom between 2020 and 2021 were United States ($5.25M), Germany ($5.06M), and Lithuania ($4.41M).
March 2023
Overview In March 2023 United Kingdom's Lubricating Products exports accounted up to £21.1M and imports accounted up to £16.6M, resulting in a positive trade balance of £4.5M. Between March 2022 and March 2023 the exports of United Kingdom's Lubricating Products have decreased by £-337k (-1.57%) from £21.4M to £21.1M, while imports increased by £1.06M (6.81%) from £15.5M to £16.6M.
Destinations In March 2023, Lubricating Products were exported mostly to India (£1.45M), Turkey (£1.25M), Belgium (£1.14M), Germany (£1.01M), and Netherlands (£956k), and were imported mostly from Germany (£3.82M), France (£2.79M), Netherlands (£2.71M), Belgium (£2.51M), and United States (£2.1M).
Growth In March 2023, the decrease in Lubricating Products's year-by-year exports was explained primarily by a decrease in exports to Canada (£-327k or -94.2%), Turkey (£-304k or -54.2%), and Ukraine (£-221k or -95.8%). In March 2023, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from France (£1.83M or 283%), Netherlands (£1.06M or 294%), and Belgium (£805k or 73.4%).
EXPORT GROWTH (March 2022 - March 2023): £-337k, (-1.57%)
IMPORT GROWTH (March 2022 - March 2023): £1.06M, (6.81%)
MAIN EXPORTER (March 2023): Dover Eurotunnel, £6.72M
MAIN DESTINATION (March 2023): India, £1.45M
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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EXPORTS (2021): $291M
IMPORTS (2021): $183M
NET TRADE (2021): $108M
In 2021, United Kingdom exported $291M in Lubricating Products. The main destinations of United Kingdom exports on Lubricating Products were Russia ($21.7M), Germany ($13.2M), Turkey ($13.2M), Sweden ($11.9M), and Singapore ($11M).
In 2021, United Kingdom imported $183M in Lubricating Products, mainly from Germany ($59.2M), Belgium ($26.7M), United States ($20.7M), Netherlands ($20.5M), and France ($19.4M).
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Lubricating Products were:
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