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340399 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.67BRnk 812 / 4648
2022
Top Exporter | Top Importer $1.13B | $662MUnited States | China
2022
Product Complexity 1.48Rnk 206 / 4653
2021 - 2022
Export Growth (CAGR) 6.5%Rnk 2030 / 4648
2022
Share of World Trade 0.02%Rnk 812 / 4648

About

Overview This page contains the latest trade data of Lubricating preparations, zero petroleum content, nes. In 2022, Lubricating preparations, zero petroleum content, nes were the world's 812th most traded product, with a total trade of $4.67B. Between 2021 and 2022 the exports of Lubricating preparations, zero petroleum content, nes grew by 6.5%, from $4.39B to $4.67B. Trade in Lubricating preparations, zero petroleum content, nes represent 0.02% of total world trade.

Lubricating preparations, zero petroleum content, nes are a part of Lubricating Products.

Exports In 2022 the top exporters of Lubricating preparations, zero petroleum content, nes  were United States ($1.13B), Germany ($838M), Japan ($502M), Netherlands ($298M), and Belgium ($245M).

Imports In 2022 the top importers of Lubricating preparations, zero petroleum content, nes were China ($662M), Germany ($278M), United States ($241M), Mexico ($221M), and Belgium ($162M).

Ranking Lubricating preparations, zero petroleum content, nes ranks 206th in the Product Complexity Index (PCI).

Description Lubricating preparations are often used in products that are friction-sensitive. These products include rubber and plastic parts, though they are not safe for use with some plastics. They are also often used in products that are not friction-sensitive, like screws, fasteners, and door hinges. Zero petroleum content lubricating preparations are often used in lubricating greasy products like soap.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricating preparations, zero petroleum content, 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)United States$1.13B
Top Destination (2022)China$662M

In 2022 Lubricating preparations, zero petroleum content, nes were the world's 812th most traded product (out of 4,648).

In 2022, the top exporters of Lubricating preparations, zero petroleum content, nes were United States ($1.13B), Germany ($838M), Japan ($502M), Netherlands ($298M), and Belgium ($245M).

In 2022, the top importers of Lubricating preparations, zero petroleum content, nes were China ($662M), Germany ($278M), United States ($241M), Mexico ($221M), and Belgium ($162M).

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Exporters of Lubricating preparations, zero petroleum content, nes (2022)
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Importers of Lubricating preparations, zero petroleum content, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$167M
Top Destination Growth (2021 -  2022)United States$46.4M

Between 2021 and 2022, the exports of Lubricating preparations, zero petroleum content, nes grew the fastest in United States ($167M), China ($53M), Canada ($33.3M), Belgium ($26.8M), and United Arab Emirates ($25.5M).

Between 2021 and 2022, the fastest growing importers of Lubricating preparations, zero petroleum content, nes were United States ($46.4M), Mexico ($26.2M), India ($23.6M), United Arab Emirates ($20.7M), and Canada ($18.7M).

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Exporters of Lubricating preparations, zero petroleum content, nes (2021 - 2022)

Importers of Lubricating preparations, zero petroleum content, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating preparations, zero petroleum content, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Lubricating preparations, zero petroleum content, nes are explained by 15 countries.

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Value of Exports in Lubricating preparations, zero petroleum content, nes

Net Trade

TOP NET EXPORTER (2022)United States$894M
TOP NET IMPORTER (2022)China$471M

This map shows which countries export or import more of Lubricating preparations, zero petroleum content, nes. Each country is colored based on the difference in exports and imports of Lubricating preparations, zero petroleum content, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lubricating preparations, zero petroleum content, nes were United States ($894M), Germany ($560M), Japan ($435M), Netherlands ($142M), and France ($99.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Lubricating preparations, zero petroleum content, nes were China ($471M), Mexico ($206M), India ($118M), Thailand ($112M), and Vietnam ($66.3M).

Net Trade (2022)

Country Comparison

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

Top 10 Exporters Countries of Lubricating preparations, zero petroleum content, 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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