Lubricating Products

Overview This page contains the latest trade data of Lubricating Products. In 2023, Lubricating Products were the world's 340th most traded product, with a total trade of $11.1B. Between 2022 and 2023 the exports of Lubricating Products decreased by -1.47%, from $11.2B to $11.1B. Trade in Lubricating Products represent 0.049% of total world trade.

Lubricating Products are a part of Soap, cleaners, candles, dental, modelling pastes. They include Lubricating preparations, zero petroleum content, nes, Lubricating oil etc containing <70% petroleum oil nes, Lubricants etc, no petroleum oil, textile, leather us, and Lubricant <70% petroleum oil, textile or leather use.

Exports In 2023 the top exporters of Lubricating Products  were Germany ($2.25B), United States ($2.19B), Japan ($1.21B), France ($911M), and Belgium ($664M).

Imports In 2023 the top importers of Lubricating Products were China ($1.68B), Germany ($664M), Mexico ($470M), Canada ($456M), and India ($408M).

Ranking Lubricating Products ranks 148th in the Product Complexity Index (PCI).

Description Lubricant preparations are used in a variety of ways, but mainly to reduce friction. These preparations are made by mixing lubricants with other substances such as solvents, soaps, and detergents. Cutting-oil preparations are used in metalworking to prevent the metal from sticking to the cutting tool. Bolt or nut release preparations are used to release fasteners such as bolts and nuts. Anti-rust or anti-corrosion preparations are used to inhibit rusting and corrosion. Mould-release preparations are used to prevent surfaces from sticking to moulds in the manufacture of plastics. Textile lubricant preparations are used to make textile materials such as cotton, wool, and silk more durable. They are often used in clothing manufacturing. Preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials (excl. preparations containing, as basic constituents, >= 70% petroleum oil or bituminous mineral oil by weight) are also used for these purposes.