United States exports of automotive, diesel and marine engine oils increased 18% in 2022, while imports of the same products climbed 38%, according to data tracked by the U.S. International Trade Commission.
The federal agency advises the legislative and executive branches on trade matters.
The United States exported $2.2 billion in automotive, diesel and marine engine lubricating oils last year, compared to $1.9 billion in 2021.
In 2022, the U.S. imported $1.8 billion in automotive, diesel and marine engine lubricating oils, a 38% jump from $1.3 billion.
The commission also tracks import and export volumes of automotive gear oils. The country exported $214.5 million in automotive gear oils in 2022, a 21% jump from $177.5 million.
The value of imports of automotive gear oils into the U.S. last year rose 29% to $84.6 million last year, compared to $65.6 million.
Imports, or “imports for consumption” means merchandise that physically cleared customs after entering consumption channels immediately or entreating after withdrawal from bonded warehouses under customs custody or from Foreign Trade Zones. The commission calculates the import data based on customs value.
The U.S. International Trade Commission data was compiled and published in the Auto Care Association’s 2024 Auto Care Factbook report.