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2022
Exports $1.94BWorld Rnk 2 / 195
Flag Rnk 167 / 1217
2022
Destination $68.3M Canada
2021 - 2022
FASTEST GROWING MARKET $68.3MCanada
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $420MWorld Rnk 4 / 224
Flag Rnk 592 / 1216
2022
Origin $36.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $36.7MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.94B in Lubricating Products, making it the 2nd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 167th most exported product in United States. The main destination of Lubricating Products exports from United States are: Canada ($366M), Mexico ($326M), China ($224M), Singapore ($77.6M), and Brazil ($62.6M).

The fastest growing export markets for Lubricating Products of United States between 2021 and 2022 were Canada ($68.3M), Mexico ($42.7M), and Singapore ($16.4M).

Imports In 2022, United States imported $420M in Lubricating Products, becoming the 4th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 592nd most imported product in United States. United States imports Lubricating Products primarily from: Germany ($128M), Canada ($116M), Japan ($47M), France ($22.5M), and Belgium ($21.1M).

The fastest growing import markets in Lubricating Products for United States between 2021 and 2022 were Canada ($36.7M), Germany ($17.2M), and Belgium ($5.08M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (20), Brose Mechatronic Systems (12), and Chevron (6) were at the forefront of shipping Lubricating Products to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Lubricating Products exports accounted up to $179M and imports accounted up to $33.4M, resulting in a positive trade balance of $145M. Between August 2023 and August 2024 the exports of United States'   Lubricating Products have increased by $13M (7.86%) from $166M to $179M, while imports increased by $3M (9.86%) from $30.4M to $33.4M.

Destinations In August 2024, Lubricating Products were exported mostly to Canada ($49.6M), Mexico ($33.2M), China ($16.5M), Belgium ($8.11M), and Brazil ($6.55M), and were imported mostly from Germany ($11M), Canada ($9.36M), Japan ($3.39M), Belgium ($1.87M), and United Kingdom ($1.57M).

Growth In August 2024, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Canada ($6.56M or 24.8%), Mexico ($6.52M or 29.1%), and Venezuela ($3.2M or 3k%). In August 2024, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from Germany ($2.11M or 22.8%), Belgium ($1.29M or 136%), and France ($461k or 26.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$13M(7.86%)
IMPORT GROWTH (August 2023 - August 2024)$3M(9.86%)
MAIN EXPORTER (August 2024)Texas$47.4M
MAIN DESTINATION (August 2024)Canada$49.6M

This section shows Lubricating Products's exports and imports data at subnational level for United States. 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)$1.94B
IMPORTS (2022)$420M
NET TRADE (2022)$1.52B

In 2022, United States exported $1.94B in Lubricating Products. The main destinations of United States exports on Lubricating Products were Canada ($366M), Mexico ($326M), China ($224M), Singapore ($77.6M), and Brazil ($62.6M).

In 2022, United States imported $420M in Lubricating Products, mainly from Germany ($128M), Canada ($116M), Japan ($47M), France ($22.5M), and Belgium ($21.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$68.3M (22.9%)
Mexico$42.7M (15.1%)
Singapore$16.4M (26.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY United States WERE (2021 - 2022):
Chinese Taipei-$5.23M (-23.1%)
Russia-$4.73M (-87.1%)
Vietnam-$3.46M (-16.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $37.2M
TOP IMPORT POTENTIALJapan+ $14.5M

Lubricating Products’s highest export potential is China. With an export gap of $37.2M.   Lubricating Products’s highest import potential is Japan with an import gap of $14.5M.

See methodology.

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