Overview: In 2018, Lubricating Products were the world's 320th most traded product, with a total trade of $10.4B. Between 2017 and 2018 the exports of Lubricating Products grew by 12.3%, from $9.26B to $10.4B. Trade in Lubricating Products represent 0.057% of total world trade.
Exports: In 2018 the top exporters of Lubricating Products were Germany ($2.27B), United States ($1.76B), Japan ($1.14B), France ($909M), and Belgium-Luxembourg ($791M).
Imports: In 2018 the top importers of Lubricating Products were China ($1.76B), Germany ($744M), Mexico ($372M), Russia ($345M), and France ($333M).
Tariffs: In 2018 the average tariff for Lubricating Products was 5.68%, been the 733 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Lubricating Products are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Samoa (20%), and Mozambique (19%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Lubricating Products ranks 49th in the Product Complexity Index (PCI).