Lubricating preparations and those used in oil or grease treatment of textile and similar materials; excluding preparations containing 70% or more (by weight) of petroleum or bituminous mineral oils

3403 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Lubricating Products. In 2022, Lubricating Products were the world's 351st most traded product, with a total trade of $10.9B. Between 2021 and 2022 the exports of Lubricating Products grew by 1.78%, from $10.7B to $10.9B. Trade in Lubricating Products represent 0.046% of total world trade.

Lubricating Products are a part of Soap, cleaners, candles, dental, modelling pastes. They include Lubricating preparations, zero petroleum content, nes, Lubricating oil etc containing <70% petroleum oil nes, Lubricants etc, no petroleum oil, textile, leather us, and Lubricant <70% petroleum oil, textile or leather use.

Exports In 2022 the top exporters of Lubricating Products  were Germany ($2.32B), United States ($1.94B), Japan ($1.24B), France ($862M), and Belgium ($636M).

Imports In 2022 the top importers of Lubricating Products were China ($1.71B), Germany ($676M), Mexico ($433M), United States ($420M), and Canada ($393M).

Ranking Lubricating Products ranks 38th in the Product Complexity Index (PCI).

Description Lubricant preparations are used in a variety of ways, but mainly to reduce friction. These preparations are made by mixing lubricants with other substances such as solvents, soaps, and detergents. Cutting-oil preparations are used in metalworking to prevent the metal from sticking to the cutting tool. Bolt or nut release preparations are used to release fasteners such as bolts and nuts. Anti-rust or anti-corrosion preparations are used to inhibit rusting and corrosion. Mould-release preparations are used to prevent surfaces from sticking to moulds in the manufacture of plastics. Textile lubricant preparations are used to make textile materials such as cotton, wool, and silk more durable. They are often used in clothing manufacturing. Preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials (excl. preparations containing, as basic constituents, >= 70% petroleum oil or bituminous mineral oil by weight) are also used for these purposes.

Latest Data

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The following visualization shows the latest trends on Lubricating Products. 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$2.32B
Top Destination (2022)China$1.71B

In 2022 Lubricating Products were the world's 351st most traded product (out of 1,218).

In 2022, the top exporters of Lubricating Products were Germany ($2.32B), United States ($1.94B), Japan ($1.24B), France ($862M), and Belgium ($636M).

In 2022, the top importers of Lubricating Products were China ($1.71B), Germany ($676M), Mexico ($433M), United States ($420M), and Canada ($393M).

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Exporters of Lubricating Products (2022)
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Importers of Lubricating Products (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$289M
Top Destination Growth (2021 -  2022)Canada$69.9M

Between 2021 and 2022, the exports of Lubricating Products grew the fastest in United States ($289M), China ($95M), Belgium ($42.6M), Turkey ($41.7M), and Canada ($34.2M).

Between 2021 and 2022, the fastest growing importers of Lubricating Products were Canada ($69.9M), United States ($60.1M), Mexico ($52.8M), United Arab Emirates ($42.6M), and India ($33M).

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Exporters of Lubricating Products (2021 - 2022)

Importers of Lubricating Products (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating Products.

In 2022, market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Lubricating Products are explained by 15 countries.

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Value of Exports in Lubricating Products

Net Trade

TOP NET EXPORTER (2022)Germany$1.64B
TOP NET IMPORTER (2022)China$1.34B

This map shows which countries export or import more of Lubricating Products. Each country is colored based on the difference in exports and imports of Lubricating Products during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lubricating Products were Germany ($1.64B), United States ($1.52B), Japan ($1.13B), France ($525M), and Belgium ($333M).

In 2022, the countries that had a largest trade value in imports than in exports of Lubricating Products were China ($1.34B), Mexico ($409M), India ($329M), Canada ($241M), and Vietnam ($190M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Lubricating Products, disaggragated by their HS6 level were Lubricating oil etc containing <70% petroleum... ($4.77B), Lubricating preparations, zero petroleum content, nes ($4.67B), Lubricants etc, no petroleum oil, textile,... ($961M), and Lubricant <70% petroleum oil, textile or... ($509M)

HS6 Disaggregation for Lubricating Products (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Lubricating Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $14.5M
TOP IMPORT POTENTIALGermany+ $6.42M

Lubricating Products’s highest export potential is United States. With an export gap of $14.5M.  Lubricating Products’s highest import potential is Germany with an import gap of $6.42M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Lubricating Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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