2023
Exports
$25.3MWorld Rnk 32 / 198
Flag Rnk 529 / 1189
2023
PRODUCT COMPLEXITY IN Lubricating Products
1.12Rnk 136 / 1025
2023
Imports
$470MWorld Rnk 3 / 223
Flag Rnk 191 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $25.3M in Lubricating Products, making it the 32nd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 529th most exported product in Mexico. The main destination of Lubricating Products exports from Mexico are: United States ($8.1M), Colombia ($3.13M), Guatemala ($2.61M), Germany ($2.31M), and Spain ($1.13M).

The fastest growing export markets for Lubricating Products of Mexico between 2022 and 2023 were Germany ($1.1M), Brazil ($394k), and Colombia ($248k).

Imports In 2023, Mexico imported $470M in Lubricating Products, becoming the 3rd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 191st most imported product in Mexico. Mexico imports Lubricating Products primarily from: United States ($353M), Germany ($43.8M), Japan ($19.2M), Italy ($15M), and France ($5.62M).

The fastest growing import markets in Lubricating Products for Mexico between 2022 and 2023 were United States ($24.6M), Germany ($2.3M), and Italy ($2.13M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lubricating Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$25.3M
IMPORTS (2023)$470M
NET TRADE (2023)-$445M

In 2023, Mexico exported $25.3M in Lubricating Products. The main destinations of Mexico exports on Lubricating Products were United States ($8.1M), Colombia ($3.13M), Guatemala ($2.61M), Germany ($2.31M), and Spain ($1.13M).

In 2023, Mexico imported $470M in Lubricating Products, mainly from United States ($353M), Germany ($43.8M), Japan ($19.2M), Italy ($15M), and France ($5.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Germany$1.1M (91.4%)
Brazil$394k (53.9%)
Colombia$248k (8.61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Mexico WERE (2022 - 2023):
Guatemala-$633k (-19.5%)
Spain-$604k (-34.9%)
Netherlands-$375k (-65.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Lubricating Products were:
In 2023, Mexico's main importing competitors in Lubricating Products were:
China $1.68B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.71M
TOP IMPORT POTENTIALGermany+ $9.05M

Lubricating Products’s highest export potential is United States. With an export gap of $4.71M.   Lubricating Products’s highest import potential is Germany with an import gap of $9.05M.

See methodology.

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