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2022
Exports $50MWorld Rnk 23 / 195
Flag Rnk 593 / 1212
2022
Destination $1.92M Bangladesh
2021 - 2022
FASTEST GROWING MARKET $1.92MRussia
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $379MWorld Rnk 6 / 224
Flag Rnk 211 / 1206
2022
Origin $9.9M Japan
2021 - 2022
FASTEST GROWING ORIGIN $9.9MSingapore
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $50M in Lubricating Products, making it the 23rd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 593rd most exported product in India. The main destination of Lubricating Products exports from India are: Bangladesh ($6.43M), China ($4.53M), United Arab Emirates ($3.62M), Saudi Arabia ($2.67M), and Thailand ($2.65M).

The fastest growing export markets for Lubricating Products of India between 2021 and 2022 were Russia ($1.92M), Saudi Arabia ($1.57M), and United Arab Emirates ($1.04M).

Imports In 2022, India imported $379M in Lubricating Products, becoming the 6th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 211th most imported product in India. India imports Lubricating Products primarily from: Japan ($83.5M), Germany ($75.3M), United States ($45.5M), Singapore ($26.7M), and China ($16.9M).

The fastest growing import markets in Lubricating Products for India between 2021 and 2022 were Singapore ($9.9M), Germany ($9.15M), and Kuwait ($7.14M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Lubricating Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50M
IMPORTS (2022)$379M
NET TRADE (2022)-$329M

In 2022, India exported $50M in Lubricating Products. The main destinations of India exports on Lubricating Products were Bangladesh ($6.43M), China ($4.53M), United Arab Emirates ($3.62M), Saudi Arabia ($2.67M), and Thailand ($2.65M).

In 2022, India imported $379M in Lubricating Products, mainly from Japan ($83.5M), Germany ($75.3M), United States ($45.5M), Singapore ($26.7M), and China ($16.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR India WERE (2021 - 2022):
Russia$1.92M (2.32k%)
Saudi Arabia$1.57M (142%)
United Arab Emirates$1.04M (40.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY India WERE (2021 - 2022):
Indonesia-$271k (-17.2%)
Nepal-$237k (-8.36%)
Sri Lanka-$196k (-9.39%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, India's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.2M
TOP IMPORT POTENTIALUnited States+ $19.6M

Lubricating Products’s highest export potential is China. With an export gap of $10.2M.   Lubricating Products’s highest import potential is United States with an import gap of $19.6M.

See methodology.

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