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381121 (Harmonized System 1992 for 6-digit)

2023
World Trade $10.5BRnk 341 / 4644
2023
Top Exporter | Top Importer $2.33B | $809MUnited States | China
2023
Product Complexity 0.44Rnk 1784 / 4656
2022 - 2023
Export Growth (CAGR) -6.1%Rnk 2228 / 4644
2023
Share of World Trade 0.046%Rnk 341 / 4644

About

Overview This page contains the latest trade data of Lubricating oil additives with petroleum, bitumen oil. In 2023, Lubricating oil additives with petroleum, bitumen oil were the world's 341st most traded product, with a total trade of $10.5B. Between 2022 and 2023 the exports of Lubricating oil additives with petroleum, bitumen oil decreased by -6.1%, from $11.2B to $10.5B. Trade in Lubricating oil additives with petroleum, bitumen oil represent 0.046% of total world trade.

Lubricating oil additives with petroleum, bitumen oil are a part of Antiknock.

Exports In 2023 the top exporters of Lubricating oil additives with petroleum, bitumen oil  were United States ($2.33B), France ($2.08B), Singapore ($1.95B), Italy ($1.16B), and Belgium ($800M).

Imports In 2023 the top importers of Lubricating oil additives with petroleum, bitumen oil were China ($809M), Germany ($744M), Singapore ($603M), Belgium ($579M), and Mexico ($578M).

Ranking Lubricating oil additives with petroleum, bitumen oil ranks 1784th in the Product Complexity Index (PCI).

Description Lubricating oil additives are a variety of chemical compounds that are added to petroleum-based oils in order to stabilize and prolong the life of the oil. They are added to a variety of oils that are used in a number of industrial applications.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricating oil additives with petroleum, bitumen oil. 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)United States$2.33B
Top Destination (2023)China$809M

In 2023 Lubricating oil additives with petroleum, bitumen oil were the world's 341st most traded product (out of 4,644).

In 2023, the top exporters of Lubricating oil additives with petroleum, bitumen oil were United States ($2.33B), France ($2.08B), Singapore ($1.95B), Italy ($1.16B), and Belgium ($800M).

In 2023, the top importers of Lubricating oil additives with petroleum, bitumen oil were China ($809M), Germany ($744M), Singapore ($603M), Belgium ($579M), and Mexico ($578M).

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Exporters of Lubricating oil additives with petroleum, bitumen oil (2023)
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Importers of Lubricating oil additives with petroleum, bitumen oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$33.2M
Top Destination Growth (2022 -  2023)Mexico$385M

Between 2022 and 2023, the exports of Lubricating oil additives with petroleum, bitumen oil grew the fastest in South Korea ($33.2M), Azerbaijan ($9.77M), Brazil ($7.82M), Kazakhstan ($6.87M), and Australia ($4.19M).

Between 2022 and 2023, the fastest growing importers of Lubricating oil additives with petroleum, bitumen oil were Mexico ($385M), Turkey ($36.2M), United Arab Emirates ($23.4M), Germany ($20.5M), and Argentina ($14.3M).

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Exporters of Lubricating oil additives with petroleum, bitumen oil (2022 - 2023)

Importers of Lubricating oil additives with petroleum, bitumen oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating oil additives with petroleum, bitumen oil.

In 2023, market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Lubricating oil additives with petroleum, bitumen oil are explained by 9 countries.

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Value of Exports in Lubricating oil additives with petroleum, bitumen oil

Net Trade

TOP NET EXPORTER (2023)United States$1.92B
TOP NET IMPORTER (2023)Mexico$489M

This map shows which countries export or import more of Lubricating oil additives with petroleum, bitumen oil. Each country is colored based on the difference in exports and imports of Lubricating oil additives with petroleum, bitumen oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lubricating oil additives with petroleum, bitumen oil were United States ($1.92B), France ($1.53B), Singapore ($1.35B), Italy ($760M), and Belgium ($221M).

In 2023, the countries that had a largest trade value in imports than in exports of Lubricating oil additives with petroleum, bitumen oil were Mexico ($489M), Germany ($446M), United Arab Emirates ($425M), South Korea ($323M), and Turkey ($284M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Lubricating oil additives with petroleum, bitumen oil.
It is possible to select the main countries that export or import Lubricating oil additives with petroleum, bitumen oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricating oil additives with petroleum, bitumen oil 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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