Lubricating Products3403 (Harmonized System 1992 for 4-digit)
World Trade (2018): $10.4B, Rnk 320 / 1225
Top Exporter (2018): $2.27B, Germany
Top Importer (2018): $1.76B, China
Product Complexity (2018): 1.49, Rnk 49 / 1018
Export Growth (CAGR)(2017 - 2018): 12.3%, Rnk 652 / 1225
Mean Tariff (2018): 5.68%, Rnk 733 / 1259
Share of World Trade (2018): 0.057%, Rnk 320 / 1225
Overview: This page contains the latest trade data of Lubricating Products. 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).
Trade By Country
Lubricating Products are the world's 320th most traded product.
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).
In 2018, the top importers of Lubricating Products were China ($1.76B), Germany ($744M), Mexico ($372M), Russia ($345M), and France ($333M).
Trade by country
Top Origin Growth (2017 - 2018): Singapore, $222M
Top Destination Growth (2017 - 2018): Canada, $188M
Between 2017 and 2018, the exports of Lubricating Products grew the fastest in Singapore ($222M), Germany ($190M), United States ($185M), Belgium-Luxembourg ($154M), and Netherlands ($70.4M).
Between 2017 and 2018, the fastest growing importers of Lubricating Products were Canada ($188M), China ($72.1M), Netherlands ($63.6M), Germany ($63.1M), and United States ($59.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Lubricating Products.
In 2018, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Lubricating Products are explained by 15 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Lubricating Products were Germany ($1.53B), United States ($1.45B), Japan ($1.03B), France ($576M), and Belgium-Luxembourg ($466M).
In 2018, the countries that had a largest trade value in imports than in exports of Lubricating Products were China ($1.57B), Mexico ($356M), Russia ($314M), India ($262M), and Canada ($240M).
In 2018, the average tariff for importing Lubricating Products was 5.68%. The countries with the highest tariffs for importing Lubricating Products were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Samoa (20%), and Mozambique (19%).
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.
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