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340391 (Harmonized System 1992 for 6-digit)

2023
World Trade $891MRnk 2242 / 4644
2023
Top Exporter | Top Importer $406M | $392MJapan | China
2023
Product Complexity 1.38Rnk 259 / 4656
2022 - 2023
Export Growth (CAGR) -9.98%Rnk 2711 / 4644
2023
Share of World Trade 0.0039%Rnk 2242 / 4644

About

Overview This page contains the latest trade data of Lubricants etc, no petroleum oil, textile, leather us. In 2023, Lubricants etc, no petroleum oil, textile, leather us were the world's 2242nd most traded product, with a total trade of $891M. Between 2022 and 2023 the exports of Lubricants etc, no petroleum oil, textile, leather us decreased by -9.98%, from $990M to $891M. Trade in Lubricants etc, no petroleum oil, textile, leather us represent 0.0039% of total world trade.

Lubricants etc, no petroleum oil, textile, leather us are a part of Lubricating Products.

Exports In 2023 the top exporters of Lubricants etc, no petroleum oil, textile, leather us  were Japan ($406M), Germany ($174M), Italy ($56.3M), United States ($50.6M), and China ($49.7M).

Imports In 2023 the top importers of Lubricants etc, no petroleum oil, textile, leather us were China ($392M), India ($74M), Vietnam ($52.2M), Turkey ($37M), and Indonesia ($23.6M).

Ranking Lubricants etc, no petroleum oil, textile, leather us ranks 259th in the Product Complexity Index (PCI).

Description Lubricants provide a barrier to reduce the friction between two surfaces which could result in a mechanical failure. Lubricants are used in many different industries, such as in textile and leather manufacturing, to reduce the friction between the fabric and the machine that it is being processed on.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricants etc, no petroleum oil, textile, leather us. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Japan$406M
Top Destination (2023)China$392M

In 2023 Lubricants etc, no petroleum oil, textile, leather us were the world's 2242nd most traded product (out of 4,644).

In 2023, the top exporters of Lubricants etc, no petroleum oil, textile, leather us were Japan ($406M), Germany ($174M), Italy ($56.3M), United States ($50.6M), and China ($49.7M).

In 2023, the top importers of Lubricants etc, no petroleum oil, textile, leather us were China ($392M), India ($74M), Vietnam ($52.2M), Turkey ($37M), and Indonesia ($23.6M).

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Exporters of Lubricants etc, no petroleum oil, textile, leather us (2023)
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Importers of Lubricants etc, no petroleum oil, textile, leather us (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$14.4M
Top Destination Growth (2022 -  2023)Vietnam$9.87M

Between 2022 and 2023, the exports of Lubricants etc, no petroleum oil, textile, leather us grew the fastest in China ($14.4M), Botswana ($480k), South Africa ($386k), Vietnam ($310k), and Uruguay ($305k).

Between 2022 and 2023, the fastest growing importers of Lubricants etc, no petroleum oil, textile, leather us were Vietnam ($9.87M), South Korea ($2.23M), Bangladesh ($921k), United Arab Emirates ($851k), and Uzbekistan ($793k).

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Exporters of Lubricants etc, no petroleum oil, textile, leather us (2022 - 2023)

Importers of Lubricants etc, no petroleum oil, textile, leather us (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricants etc, no petroleum oil, textile, leather us.

In 2023, market concentration measured using Shannon Entropy, was 2.83. This means that most of the exports of Lubricants etc, no petroleum oil, textile, leather us are explained by 7 countries.

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Value of Exports in Lubricants etc, no petroleum oil, textile, leather us

Net Trade

TOP NET EXPORTER (2023)Japan$405M
TOP NET IMPORTER (2023)China$342M

This map shows which countries export or import more of Lubricants etc, no petroleum oil, textile, leather us. Each country is colored based on the difference in exports and imports of Lubricants etc, no petroleum oil, textile, leather us during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lubricants etc, no petroleum oil, textile, leather us were Japan ($405M), Germany ($167M), Netherlands ($38.5M), United States ($37.4M), and Italy ($37.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Lubricants etc, no petroleum oil, textile, leather us were China ($342M), India ($70.8M), Vietnam ($50.6M), Turkey ($28.6M), and Indonesia ($22.7M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Lubricants etc, no petroleum oil, textile, leather us.
It is possible to select the main countries that export or import Lubricants etc, no petroleum oil, textile, leather us in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricants etc, no petroleum oil, textile, leather us by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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