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340311 (Harmonized System 1992 for 6-digit)

2023
World Trade $479MRnk 2901 / 4644
2023
Top Exporter | Top Importer $188M | $230MJapan | China
2023
Product Complexity 1.77Rnk 62 / 4656
2022 - 2023
Export Growth (CAGR) -12.3%Rnk 2952 / 4644
2023
Share of World Trade 0.0021%Rnk 2901 / 4644

About

Overview This page contains the latest trade data of Lubricant <70% petroleum oil, textile or leather use. In 2023, Lubricant <70% petroleum oil, textile or leather use were the world's 2901st most traded product, with a total trade of $479M. Between 2022 and 2023 the exports of Lubricant <70% petroleum oil, textile or leather use decreased by -12.3%, from $546M to $479M. Trade in Lubricant <70% petroleum oil, textile or leather use represent 0.0021% of total world trade.

Lubricant <70% petroleum oil, textile or leather use are a part of Lubricating Products.

Exports In 2023 the top exporters of Lubricant <70% petroleum oil, textile or leather use  were Japan ($188M), Germany ($136M), United States ($32.3M), Chinese Taipei ($16.7M), and Spain ($16.7M).

Imports In 2023 the top importers of Lubricant <70% petroleum oil, textile or leather use were China ($230M), India ($47M), Chinese Taipei ($23.9M), Vietnam ($14.8M), and Brazil ($14.1M).

Ranking Lubricant <70% petroleum oil, textile or leather use ranks 62nd in the Product Complexity Index (PCI).

Description Lubricant is used to reduce friction between two surfaces. Petroleum oil is used to reduce friction in engines, while textile or leather is used on machines to reduce friction on the surface of the machine.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricant <70% petroleum oil, textile or leather use. 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)Japan$188M
Top Destination (2023)China$230M

In 2023 Lubricant <70% petroleum oil, textile or leather use were the world's 2901st most traded product (out of 4,644).

In 2023, the top exporters of Lubricant <70% petroleum oil, textile or leather use were Japan ($188M), Germany ($136M), United States ($32.3M), Chinese Taipei ($16.7M), and Spain ($16.7M).

In 2023, the top importers of Lubricant <70% petroleum oil, textile or leather use were China ($230M), India ($47M), Chinese Taipei ($23.9M), Vietnam ($14.8M), and Brazil ($14.1M).

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Exporters of Lubricant <70% petroleum oil, textile or leather use (2023)
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Importers of Lubricant <70% petroleum oil, textile or leather use (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$4.34M
Top Destination Growth (2022 -  2023)Kazakhstan$1.74M

Between 2022 and 2023, the exports of Lubricant <70% petroleum oil, textile or leather use grew the fastest in Chinese Taipei ($4.34M), Turkey ($2.34M), India ($914k), Slovenia ($818k), and Vietnam ($296k).

Between 2022 and 2023, the fastest growing importers of Lubricant <70% petroleum oil, textile or leather use were Kazakhstan ($1.74M), Brazil ($1.52M), Greece ($811k), Dominican Republic ($700k), and Saudi Arabia ($588k).

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Exporters of Lubricant <70% petroleum oil, textile or leather use (2022 - 2023)

Importers of Lubricant <70% petroleum oil, textile or leather use (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricant <70% petroleum oil, textile or leather use.

In 2023, market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Lubricant <70% petroleum oil, textile or leather use are explained by 7 countries.

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Value of Exports in Lubricant <70% petroleum oil, textile or leather use

Net Trade

TOP NET EXPORTER (2023)Japan$187M
TOP NET IMPORTER (2023)China$220M

This map shows which countries export or import more of Lubricant <70% petroleum oil, textile or leather use. Each country is colored based on the difference in exports and imports of Lubricant <70% petroleum oil, textile or leather use during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lubricant <70% petroleum oil, textile or leather use were Japan ($187M), Germany ($135M), United States ($25.9M), Spain ($13.3M), and France ($11.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Lubricant <70% petroleum oil, textile or leather use were China ($220M), India ($43.1M), Vietnam ($14.1M), Brazil ($13.2M), and Indonesia ($10.3M).

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 Lubricant <70% petroleum oil, textile or leather use.
It is possible to select the main countries that export or import Lubricant <70% petroleum oil, textile or leather use in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricant <70% petroleum oil, textile or leather use 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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