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381129 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.08BRnk 2018 / 4644
2023
Top Exporter | Top Importer $290M | $146MUnited States | United States
2023
Product Complexity 1.2Rnk 465 / 4656
2022 - 2023
Export Growth (CAGR) -12.5%Rnk 2986 / 4644
2023
Share of World Trade 0.0048%Rnk 2018 / 4644

About

Overview This page contains the latest trade data of Lubricating oil additives, no petroleum, bitumen oils. In 2023, Lubricating oil additives, no petroleum, bitumen oils were the world's 2018th most traded product, with a total trade of $1.08B. Between 2022 and 2023 the exports of Lubricating oil additives, no petroleum, bitumen oils decreased by -12.5%, from $1.24B to $1.08B. Trade in Lubricating oil additives, no petroleum, bitumen oils represent 0.0048% of total world trade.

Lubricating oil additives, no petroleum, bitumen oils are a part of Antiknock.

Exports In 2023 the top exporters of Lubricating oil additives, no petroleum, bitumen oils  were United States ($290M), France ($113M), South Korea ($113M), Germany ($82.3M), and China ($60M).

Imports In 2023 the top importers of Lubricating oil additives, no petroleum, bitumen oils were United States ($146M), France ($139M), China ($99.9M), Singapore ($79.8M), and Belgium ($73M).

Ranking Lubricating oil additives, no petroleum, bitumen oils ranks 465th in the Product Complexity Index (PCI).

Description Lubricating oils are lubricants that are applied to the surface of machine elements and bearing surfaces to maintain them in a lubricated condition and to reduce wear. Lubricant additives enhance the properties of lubricant oils by improving the lubricity of the oil on the metal surfaces, increasing the viscosity index of the oil or the film strength of the oil, and improving the oxidation stability of the oil or resistance to rust and corrosion. Lubricant additives include rust inhibitors, antioxidants, detergents, demulsifiers, and anti-wear agents.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricating oil additives, no petroleum, bitumen oils. 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$290M
Top Destination (2023)United States$146M

In 2023 Lubricating oil additives, no petroleum, bitumen oils were the world's 2018th most traded product (out of 4,644).

In 2023, the top exporters of Lubricating oil additives, no petroleum, bitumen oils were United States ($290M), France ($113M), South Korea ($113M), Germany ($82.3M), and China ($60M).

In 2023, the top importers of Lubricating oil additives, no petroleum, bitumen oils were United States ($146M), France ($139M), China ($99.9M), Singapore ($79.8M), and Belgium ($73M).

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Exporters of Lubricating oil additives, no petroleum, bitumen oils (2023)
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Importers of Lubricating oil additives, no petroleum, bitumen oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Guyana$42.9M
Top Destination Growth (2022 -  2023)Trinidad and Tobago$42.8M

Between 2022 and 2023, the exports of Lubricating oil additives, no petroleum, bitumen oils grew the fastest in Guyana ($42.9M), India ($4.06M), Thailand ($2.79M), United Kingdom ($2.1M), and Turkey ($1.1M).

Between 2022 and 2023, the fastest growing importers of Lubricating oil additives, no petroleum, bitumen oils were Trinidad and Tobago ($42.8M), South Korea ($9.45M), Algeria ($4.86M), United Kingdom ($2.04M), and Syria ($1.97M).

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Exporters of Lubricating oil additives, no petroleum, bitumen oils (2022 - 2023)

Importers of Lubricating oil additives, no petroleum, bitumen oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating oil additives, no petroleum, bitumen oils.

In 2023, market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Lubricating oil additives, no petroleum, bitumen oils are explained by 14 countries.

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Value of Exports in Lubricating oil additives, no petroleum, bitumen oils

Net Trade

TOP NET EXPORTER (2023)United States$144M
TOP NET IMPORTER (2023)Singapore$56.5M

This map shows which countries export or import more of Lubricating oil additives, no petroleum, bitumen oils. Each country is colored based on the difference in exports and imports of Lubricating oil additives, no petroleum, bitumen oils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lubricating oil additives, no petroleum, bitumen oils were United States ($144M), South Korea ($85.7M), Canada ($44.8M), Guyana ($42.5M), and Mexico ($38.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Lubricating oil additives, no petroleum, bitumen oils were Singapore ($56.5M), Trinidad and Tobago ($42.7M), China ($39.9M), Belgium ($37.1M), and France ($26.3M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Lubricating oil additives, no petroleum, bitumen oils.
It is possible to select the main countries that export or import Lubricating oil additives, no petroleum, bitumen oils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricating oil additives, no petroleum, bitumen oils 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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