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381121 (Harmonized System 1992 for 6-digit)

2022
World Trade $10.6BRnk 368 / 4648
2022
Top Exporter | Top Importer $2.25B | $913MFrance | China
2022
Product Complexity 0.47Rnk 1692 / 4653
2021 - 2022
Export Growth (CAGR) 15.4%Rnk 1084 / 4648
2022
Share of World Trade 0.045%Rnk 368 / 4648

About

Overview This page contains the latest trade data of Lubricating oil additives with petroleum, bitumen oil. In 2022, Lubricating oil additives with petroleum, bitumen oil were the world's 368th most traded product, with a total trade of $10.6B. Between 2021 and 2022 the exports of Lubricating oil additives with petroleum, bitumen oil grew by 15.4%, from $9.16B to $10.6B. Trade in Lubricating oil additives with petroleum, bitumen oil represent 0.045% of total world trade.

Lubricating oil additives with petroleum, bitumen oil are a part of Antiknock.

Exports In 2022 the top exporters of Lubricating oil additives with petroleum, bitumen oil  were France ($2.25B), United States ($2.23B), Singapore ($2.04B), Italy ($1.2B), and China ($711M).

Imports In 2022 the top importers of Lubricating oil additives with petroleum, bitumen oil were China ($913M), Belgium ($706M), Singapore ($643M), France ($556M), and United States ($548M).

Ranking Lubricating oil additives with petroleum, bitumen oil ranks 1692nd in the Product Complexity Index (PCI).

Description Lubricating oil additives are a variety of chemical compounds that are added to petroleum-based oils in order to stabilize and prolong the life of the oil. They are added to a variety of oils that are used in a number of industrial applications.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lubricating oil additives with petroleum, bitumen oil. 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 (2022)France$2.25B
Top Destination (2022)China$913M

In 2022 Lubricating oil additives with petroleum, bitumen oil were the world's 368th most traded product (out of 4,648).

In 2022, the top exporters of Lubricating oil additives with petroleum, bitumen oil were France ($2.25B), United States ($2.23B), Singapore ($2.04B), Italy ($1.2B), and China ($711M).

In 2022, the top importers of Lubricating oil additives with petroleum, bitumen oil were China ($913M), Belgium ($706M), Singapore ($643M), France ($556M), and United States ($548M).

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Exporters of Lubricating oil additives with petroleum, bitumen oil (2022)
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Importers of Lubricating oil additives with petroleum, bitumen oil (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$399M
Top Destination Growth (2021 -  2022)United Arab Emirates$108M

Between 2021 and 2022, the exports of Lubricating oil additives with petroleum, bitumen oil grew the fastest in China ($399M), Singapore ($245M), United States ($234M), Italy ($194M), and France ($189M).

Between 2021 and 2022, the fastest growing importers of Lubricating oil additives with petroleum, bitumen oil were United Arab Emirates ($108M), United States ($104M), France ($94.4M), United Kingdom ($88.7M), and India ($86.8M).

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Exporters of Lubricating oil additives with petroleum, bitumen oil (2021 - 2022)

Importers of Lubricating oil additives with petroleum, bitumen oil (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lubricating oil additives with petroleum, bitumen oil.

In 2022, market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Lubricating oil additives with petroleum, bitumen oil are explained by 9 countries.

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Value of Exports in Lubricating oil additives with petroleum, bitumen oil

Net Trade

TOP NET EXPORTER (2022)France$1.69B
TOP NET IMPORTER (2022)South Korea$373M

This map shows which countries export or import more of Lubricating oil additives with petroleum, bitumen oil. Each country is colored based on the difference in exports and imports of Lubricating oil additives with petroleum, bitumen oil during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lubricating oil additives with petroleum, bitumen oil were France ($1.69B), United States ($1.68B), Singapore ($1.4B), Italy ($763M), and Belarus ($21.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Lubricating oil additives with petroleum, bitumen oil were South Korea ($373M), United Arab Emirates ($279M), Russia ($265M), Indonesia ($252M), and Japan ($237M).

Net Trade (2022)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Lubricating oil additives with petroleum, bitumen oil.
It is possible to select the main countries that export or import Lubricating oil additives with petroleum, bitumen oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lubricating oil additives with petroleum, bitumen oil 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 (2022)

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