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Lubricant preparations: top exporters and importers (2024)

In 2024, world trade in lubricant preparations totaled $11.2 billion (2.4 million tonnes). The top exporters were Germany (20%), the United States (19%) and Japan (11%); the top importers were China (15%), Germany (5%) and Canada (5%). Compared with 2019, the value rose 11%.

Summary

World trade
$11.2billion
Tonnes
2.4million tonnes
Price per tonne
$4,687
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$2.3 billion · 20.3%
  2. United States$2.2 billion · 19.3%
  3. Japan$1.3 billion · 11.3%
  4. France$870 million · 7.8%
  5. Belgium$641 million · 5.8%
    re-exports
  6. Netherlands$573 million · 5.1%
    re-exports
  7. China$463 million · 4.2%
  8. Italy$341 million · 3.1%
  9. Spain$300 million · 2.7%
  10. Singapore$275 million · 2.5%
    re-exports
  11. United Kingdom$270 million · 2.4%
  12. Switzerland$231 million · 2.1%
  13. South Korea$183 million · 1.6%
  14. Canada$159 million · 1.4%
  15. Taiwan$87 million · 0.78%
  16. India$84 million · 0.75%
  17. Turkey$81 million · 0.73%
  18. Austria$79 million · 0.71%
  19. Poland$75 million · 0.67%
  20. Sweden$67 million · 0.6%

Top importers

  1. China$1.6 billion · 14.8%
  2. Germany$604 million · 5.4%
  3. Canada$556 million · 5%
  4. Mexico$497 million · 4.5%
  5. United States$426 million · 3.8%
  6. India$414 million · 3.7%
  7. France$324 million · 2.9%
  8. Belgium$304 million · 2.7%
    re-exports
  9. Netherlands$295 million · 2.7%
    re-exports
  10. Italy$264 million · 2.4%
  11. Turkey$248 million · 2.2%
  12. Vietnam$242 million · 2.2%
  13. Thailand$220 million · 2%
  14. Poland$213 million · 1.9%
  15. United Kingdom$201 million · 1.8%
  16. South Korea$190 million · 1.7%
  17. Spain$180 million · 1.6%
  18. Singapore$176 million · 1.6%
    re-exports
  19. Taiwan$167 million · 1.5%
  20. United Arab Emirates$164 million · 1.5%

Trend

Who sells it

Germany has been the top exporter since 2016

Value in USD billions. The five largest exporters in 2024.

  • Germany 2.3
  • United States 2.2
  • Japan 1.3
  • France 0.87
  • Belgium 0.64

Source: CEPII BACI

Show the numbers
Country19952024
Germany0.52.3
United States0.352.2
Japan0.271.3
France0.180.87
Belgium0.070.64

Price

Implied price

The price per tonne rose 75% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $4,687

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,682
1996$2,485
1997$2,433
1998$2,290
1999$2,269
2000$947
2001$1,948
2002$233
2003$2,317
2004$1,471
2005$2,783
2006$2,887
2007$3,248
2008$3,532
2009$3,485
2010$3,492
2011$3,298
2012$2,534
2013$4,009
2014$3,952
2015$3,138
2016$3,678
2017$3,844
2018$4,022
2019$3,896
2020$4,001
2021$4,251
2022$4,607
2023$4,931
2024$4,687

What it includes

  • 3403 · Lubricant preparations

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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