2022
Exports
$23.6MWorld Rnk 33 / 195
Flag Rnk 551 / 1193
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$433MWorld Rnk 3 / 224
Flag Rnk 197 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $23.6M in Lubricating Products, making it the 33rd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 551st most exported product in Mexico. The main destination of Lubricating Products exports from Mexico are: United States ($10M), Guatemala ($3.1M), Colombia ($1.97M), Germany ($1.14M), and Spain ($848k).

The fastest growing export markets for Lubricating Products of Mexico between 2021 and 2022 were United States ($2.01M), Spain ($657k), and Guatemala ($563k).

Imports In 2022, Mexico imported $433M in Lubricating Products, becoming the 3rd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 197th most imported product in Mexico. Mexico imports Lubricating Products primarily from: United States ($326M), Germany ($43.8M), Japan ($14M), Italy ($10.3M), and France ($9.44M).

The fastest growing import markets in Lubricating Products for Mexico between 2021 and 2022 were United States ($42.7M), Germany ($3.71M), and Canada ($1.73M).

COMPANIES In 2023, leading companies such as SCHAEFFLER GROUP (3) were at the forefront of shipping Lubricating Products from Mexico to the United States.

Latest Trends

Mar 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)$23.6M
IMPORTS (2022)$433M
NET TRADE (2022)-$409M

In 2022, Mexico exported $23.6M in Lubricating Products. The main destinations of Mexico exports on Lubricating Products were United States ($10M), Guatemala ($3.1M), Colombia ($1.97M), Germany ($1.14M), and Spain ($848k).

In 2022, Mexico imported $433M in Lubricating Products, mainly from United States ($326M), Germany ($43.8M), Japan ($14M), Italy ($10.3M), and France ($9.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$2.01M (25.2%)
Spain$657k (344%)
Guatemala$563k (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Mexico WERE (2021 - 2022):
Germany-$234k (-17%)
Nicaragua-$167k (-50.3%)
Peru-$112k (-31.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Lubricating Products were:
In 2022, Mexico's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

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