2022
Exports
$17.4MWorld Rnk 31 / 159
Flag Rnk 321 / 1208
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$19.7MWorld Rnk 48 / 209
Flag Rnk 346 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $17.4M in Electric Furnaces, making it the 31st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 321st most exported product in Lithuania. The main destination of Electric Furnaces exports from Lithuania are: Russia ($7.47M), Germany ($1.71M), Kazakhstan ($1.63M), Netherlands ($1.05M), and United Kingdom ($599k).

The fastest growing export markets for Electric Furnaces of Lithuania between 2021 and 2022 were Netherlands ($930k), Germany ($887k), and Kazakhstan ($720k).

Imports In 2022, Lithuania imported $19.7M in Electric Furnaces, becoming the 48th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 346th most imported product in Lithuania. Lithuania imports Electric Furnaces primarily from: Italy ($10.8M), Germany ($4.1M), Sweden ($577k), Netherlands ($529k), and United States ($519k).

The fastest growing import markets in Electric Furnaces for Lithuania between 2021 and 2022 were Italy ($3.7M), United States ($352k), and Netherlands ($233k).

Latest Trends

Oct 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 Electric Furnaces. 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)$17.4M
IMPORTS (2022)$19.7M
NET TRADE (2022)-$2.29M

In 2022, Lithuania exported $17.4M in Electric Furnaces. The main destinations of Lithuania exports on Electric Furnaces were Russia ($7.47M), Germany ($1.71M), Kazakhstan ($1.63M), Netherlands ($1.05M), and United Kingdom ($599k).

In 2022, Lithuania imported $19.7M in Electric Furnaces, mainly from Italy ($10.8M), Germany ($4.1M), Sweden ($577k), Netherlands ($529k), and United States ($519k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Netherlands$930k (746%)
Germany$887k (108%)
Kazakhstan$720k (78.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Lithuania WERE (2021 - 2022):
Russia-$8.78M (-54%)
Belarus-$890k (-82.3%)
Latvia-$627k (-75.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Lithuania's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $670k
TOP IMPORT POTENTIALGermany+ $412k

Electric Furnaces’s highest export potential is Germany. With an export gap of $670k.   Electric Furnaces’s highest import potential is Germany with an import gap of $412k.

See methodology.

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