Lubricating Products in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $278M in Lubricating Products, making it the 10th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 214th most exported product in United Kingdom. The main destination of Lubricating Products exports from United Kingdom are: Germany ($13.1M), Ireland ($12.5M), United Arab Emirates ($12.1M), Sweden ($11.8M), and Singapore ($11.4M).

The fastest growing export markets for Lubricating Products of United Kingdom between 2021 and 2022 were Kazakhstan ($5.36M), United Arab Emirates ($2.55M), and Saudi Arabia ($2.54M).

Imports In 2022, United Kingdom imported $209M in Lubricating Products, becoming the 14th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 438th most imported product in United Kingdom. United Kingdom imports Lubricating Products primarily from: Germany ($60.8M), Belgium ($29.5M), United States ($29.3M), Netherlands ($24.3M), and France ($22.1M).

The fastest growing import markets in Lubricating Products for United Kingdom between 2021 and 2022 were United States ($8.22M), United Arab Emirates ($5.73M), and Netherlands ($3.93M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (3) were at the forefront of shipping Lubricating Products from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Lubricating Products exports accounted up to £16.7M and imports accounted up to £16.1M, resulting in a positive trade balance of £664k. Between February 2023 and February 2024 the exports of United Kingdom's Lubricating Products have decreased by £-776k (-4.43%) from £17.5M to £16.7M, while imports increased by £2.21M (15.9%) from £13.9M to £16.1M.

Destinations In February 2024, Lubricating Products were exported mostly to India (£1.25M), Belgium (£1.09M), Saudi Arabia (£961k), Turkey (£876k), and Czechia (£793k), and were imported mostly from Germany (£3.99M), Netherlands (£3.77M), Belgium (£2.7M), France (£2.04M), and United States (£1.78M).

Growth In February 2024, the decrease in Lubricating Products's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates (£-1.06M or -87.5%), India (£-815k or -74.4%), and Sweden (£-648k or -84.6%). In February 2024, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from Netherlands (£1.6M or 112%), United States (£1.02M or 121%), and Germany (£862k or 32.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-776k(-4.43%)

IMPORT GROWTH (February 2023 - February 2024)£2.21M(15.9%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£7.01M

MAIN DESTINATION (February 2024)India£1.25M

This section shows Lubricating Products's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Lubricating Products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download