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340319 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.77BRnk 792 / 4648
2022
Top Exporter | Top Importer $1.15B | $414MGermany | China
2022
Product Complexity 1.54Rnk 163 / 4653
2021 - 2022
Export Growth (CAGR) -0.35%Rnk 3011 / 4648
2022
Share of World Trade 0.02%Rnk 792 / 4648

About

Overview This page contains the latest trade data of Lubricating oil etc containing <70% petroleum oil nes. In 2022, Lubricating oil etc containing <70% petroleum oil nes were the world's 792nd most traded product, with a total trade of $4.77B. Between 2021 and 2022 the exports of Lubricating oil etc containing <70% petroleum oil nes decreased by -0.35%, from $4.79B to $4.77B. Trade in Lubricating oil etc containing <70% petroleum oil nes represent 0.02% of total world trade.

Lubricating oil etc containing <70% petroleum oil nes are a part of Lubricating Products.

Exports In 2022 the top exporters of Lubricating oil etc containing <70% petroleum oil nes  were Germany ($1.15B), United States ($693M), France ($604M), Belgium ($384M), and Netherlands ($241M).

Imports In 2022 the top importers of Lubricating oil etc containing <70% petroleum oil nes were China ($414M), Germany ($387M), Canada ($237M), France ($189M), and Mexico ($182M).

Ranking Lubricating oil etc containing <70% petroleum oil nes ranks 163rd in the Product Complexity Index (PCI).

Description Motor oil is the most common type of lubricant, and it is often mixed with other substances such as additives, detergents, and anti-oxidants. It is used to reduce the friction between moving metal parts, and is also known as a coolant.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricating oil etc containing <70% petroleum oil nes. 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 (2022)Germany$1.15B
Top Destination (2022)China$414M

In 2022 Lubricating oil etc containing <70% petroleum oil nes were the world's 792nd most traded product (out of 4,648).

In 2022, the top exporters of Lubricating oil etc containing <70% petroleum oil nes were Germany ($1.15B), United States ($693M), France ($604M), Belgium ($384M), and Netherlands ($241M).

In 2022, the top importers of Lubricating oil etc containing <70% petroleum oil nes were China ($414M), Germany ($387M), Canada ($237M), France ($189M), and Mexico ($182M).

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Exporters of Lubricating oil etc containing <70% petroleum oil nes (2022)
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Importers of Lubricating oil etc containing <70% petroleum oil nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$123M
Top Destination Growth (2021 -  2022)Canada$50.4M

Between 2021 and 2022, the exports of Lubricating oil etc containing <70% petroleum oil nes grew the fastest in United States ($123M), China ($39.2M), Turkey ($24.7M), Belgium ($17.2M), and Kazakhstan ($14.9M).

Between 2021 and 2022, the fastest growing importers of Lubricating oil etc containing <70% petroleum oil nes were Canada ($50.4M), Mexico ($26.8M), United Arab Emirates ($22M), Kazakhstan ($19.9M), and Turkey ($16.4M).

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Exporters of Lubricating oil etc containing <70% petroleum oil nes (2021 - 2022)

Importers of Lubricating oil etc containing <70% petroleum oil nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating oil etc containing <70% petroleum oil nes.

In 2022, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Lubricating oil etc containing <70% petroleum oil nes are explained by 15 countries.

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Value of Exports in Lubricating oil etc containing <70% petroleum oil nes

Net Trade

TOP NET EXPORTER (2022)Germany$764M
TOP NET IMPORTER (2022)China$286M

This map shows which countries export or import more of Lubricating oil etc containing <70% petroleum oil nes. Each country is colored based on the difference in exports and imports of Lubricating oil etc containing <70% petroleum oil nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lubricating oil etc containing <70% petroleum oil nes were Germany ($764M), United States ($539M), France ($415M), Belgium ($251M), and Netherlands ($115M).

In 2022, the countries that had a largest trade value in imports than in exports of Lubricating oil etc containing <70% petroleum oil nes were China ($286M), Canada ($199M), Mexico ($174M), Poland ($112M), and India ($88.1M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Lubricating oil etc containing <70% petroleum oil nes.
It is possible to select the main countries that export or import Lubricating oil etc containing <70% petroleum oil nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricating oil etc containing <70% petroleum oil nes 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 (2022)

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