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381190 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.95BRnk 1124 / 4644
2023
Top Exporter | Top Importer $665M | $359MUnited States | United Arab Emirates
2023
Product Complexity 0.99Rnk 780 / 4656
2022 - 2023
Export Growth (CAGR) 1.24%Rnk 1413 / 4644
2023
Share of World Trade 0.013%Rnk 1124 / 4644

About

Overview This page contains the latest trade data of Oil additives nes, oxidation, corrosion, gum inhibito. In 2023, Oil additives nes, oxidation, corrosion, gum inhibito were the world's 1124th most traded product, with a total trade of $2.95B. Between 2022 and 2023 the exports of Oil additives nes, oxidation, corrosion, gum inhibito grew by 1.24%, from $2.91B to $2.95B. Trade in Oil additives nes, oxidation, corrosion, gum inhibito represent 0.013% of total world trade.

Oil additives nes, oxidation, corrosion, gum inhibito are a part of Antiknock.

Exports In 2023 the top exporters of Oil additives nes, oxidation, corrosion, gum inhibito  were United States ($665M), Germany ($616M), India ($258M), China ($211M), and Belgium ($207M).

Imports In 2023 the top importers of Oil additives nes, oxidation, corrosion, gum inhibito were United Arab Emirates ($359M), Canada ($185M), United States ($132M), Mexico ($116M), and China ($108M).

Ranking Oil additives nes, oxidation, corrosion, gum inhibito ranks 780th in the Product Complexity Index (PCI).

Description The common uses of oil additives are to keep the oil from corroding metal parts, to keep the oil from gumming up, and to keep the oil from oxidizing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Oil additives nes, oxidation, corrosion, gum inhibito. 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$665M
Top Destination (2023)United Arab Emirates$359M

In 2023 Oil additives nes, oxidation, corrosion, gum inhibito were the world's 1124th most traded product (out of 4,644).

In 2023, the top exporters of Oil additives nes, oxidation, corrosion, gum inhibito were United States ($665M), Germany ($616M), India ($258M), China ($211M), and Belgium ($207M).

In 2023, the top importers of Oil additives nes, oxidation, corrosion, gum inhibito were United Arab Emirates ($359M), Canada ($185M), United States ($132M), Mexico ($116M), and China ($108M).

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Exporters of Oil additives nes, oxidation, corrosion, gum inhibito (2023)
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Importers of Oil additives nes, oxidation, corrosion, gum inhibito (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$78.9M
Top Destination Growth (2022 -  2023)United Arab Emirates$130M

Between 2022 and 2023, the exports of Oil additives nes, oxidation, corrosion, gum inhibito grew the fastest in United Arab Emirates ($78.9M), China ($71.1M), India ($67.9M), France ($29.2M), and Belgium ($18.2M).

Between 2022 and 2023, the fastest growing importers of Oil additives nes, oxidation, corrosion, gum inhibito were United Arab Emirates ($130M), Canada ($28.7M), China ($20.5M), Saudi Arabia ($19.3M), and United States ($18M).

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Exporters of Oil additives nes, oxidation, corrosion, gum inhibito (2022 - 2023)

Importers of Oil additives nes, oxidation, corrosion, gum inhibito (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oil additives nes, oxidation, corrosion, gum inhibito.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Oil additives nes, oxidation, corrosion, gum inhibito are explained by 14 countries.

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Value of Exports in Oil additives nes, oxidation, corrosion, gum inhibito

Net Trade

TOP NET EXPORTER (2023)United States$533M
TOP NET IMPORTER (2023)United Arab Emirates$243M

This map shows which countries export or import more of Oil additives nes, oxidation, corrosion, gum inhibito. Each country is colored based on the difference in exports and imports of Oil additives nes, oxidation, corrosion, gum inhibito during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Oil additives nes, oxidation, corrosion, gum inhibito were United States ($533M), Germany ($528M), India ($217M), Belgium ($113M), and China ($103M).

In 2023, the countries that had a largest trade value in imports than in exports of Oil additives nes, oxidation, corrosion, gum inhibito were United Arab Emirates ($243M), Canada ($157M), Mexico ($108M), Saudi Arabia ($80.5M), and Argentina ($63.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Oil additives nes, oxidation, corrosion, gum inhibito.
It is possible to select the main countries that export or import Oil additives nes, oxidation, corrosion, gum inhibito in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Oil additives nes, oxidation, corrosion, gum inhibito 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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