2022
Exports | Imports
$5.46B | $1.06BWorld Rnk 32 / 214
Flag Rnk 1 / 1208
World Rnk 111 / 225
Flag Rnk 6 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.96Rnk 27 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, Lithuania exported $5.46B in Refined Petroleum, making it the 32nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Lithuania. The main destination of Refined Petroleum exports from Lithuania are: Latvia ($1.04B), United States ($906M), Estonia ($833M), Ukraine ($706M), and Poland ($623M).

The fastest growing export markets for Refined Petroleum of Lithuania between 2021 and 2022 were Latvia ($556M), Estonia ($442M), and Poland ($318M).

Imports In 2022, Lithuania imported $1.06B in Refined Petroleum, becoming the 111th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Lithuania. Lithuania imports Refined Petroleum primarily from: Sweden ($213M), Finland ($187M), Netherlands ($161M), Russia ($133M), and Latvia ($92.6M).

The fastest growing import markets in Refined Petroleum for Lithuania between 2021 and 2022 were Sweden ($205M), Netherlands ($115M), and India ($58.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Lithuania to the United States.

Latest Trends

Feb 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 Refined Petroleum. 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)$5.46B
IMPORTS (2022)$1.06B
NET TRADE (2022)$4.41B

In 2022, Lithuania exported $5.46B in Refined Petroleum. The main destinations of Lithuania exports on Refined Petroleum were Latvia ($1.04B), United States ($906M), Estonia ($833M), Ukraine ($706M), and Poland ($623M).

In 2022, Lithuania imported $1.06B in Refined Petroleum, mainly from Sweden ($213M), Finland ($187M), Netherlands ($161M), Russia ($133M), and Latvia ($92.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Latvia$556M (115%)
Estonia$442M (113%)
Poland$318M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Lithuania WERE (2021 - 2022):
Canada-$48.1M (-44.5%)
Libya-$34.8M (-80.8%)
Colombia-$24.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Refined Petroleum were:
In 2022, Lithuania's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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