2022
Exports
$16.7MWorld Rnk 37 / 195
Flag Rnk 471 / 1200
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$160MWorld Rnk 19 / 224
Flag Rnk 267 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $16.7M in Lubricating Products, making it the 37th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 471st most exported product in Russia. The main destination of Lubricating Products exports from Russia are: Kazakhstan ($11.6M), Uzbekistan ($1.04M), China ($817k), Azerbaijan ($586k), and Armenia ($523k).

The fastest growing export markets for Lubricating Products of Russia between 2021 and 2022 were Azerbaijan ($292k), Uzbekistan ($198k), and Mongolia ($71.3k).

Imports In 2022, Russia imported $160M in Lubricating Products, becoming the 19th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 267th most imported product in Russia. Russia imports Lubricating Products primarily from: Turkey ($32.8M), China ($26.4M), Germany ($24.3M), Kazakhstan ($16.8M), and Finland ($10.5M).

The fastest growing import markets in Lubricating Products for Russia between 2021 and 2022 were Turkey ($30M), China ($20.9M), and Kazakhstan ($16.8M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lubricating Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.7M
IMPORTS (2022)$160M
NET TRADE (2022)-$143M

In 2022, Russia exported $16.7M in Lubricating Products. The main destinations of Russia exports on Lubricating Products were Kazakhstan ($11.6M), Uzbekistan ($1.04M), China ($817k), Azerbaijan ($586k), and Armenia ($523k).

In 2022, Russia imported $160M in Lubricating Products, mainly from Turkey ($32.8M), China ($26.4M), Germany ($24.3M), Kazakhstan ($16.8M), and Finland ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Azerbaijan$292k (99.7%)
Uzbekistan$198k (23.4%)
Mongolia$71.3k (70.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Russia WERE (2021 - 2022):
Belarus-$9.46M (-100%)
Ukraine-$3.04M (-92.3%)
India-$2.4M (-90%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Lubricating Products were:
In 2022, Russia's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.82M
TOP IMPORT POTENTIALGermany+ $10.8M

Lubricating Products’s highest export potential is China. With an export gap of $1.82M.   Lubricating Products’s highest import potential is Germany with an import gap of $10.8M.

See methodology.

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