2023
Exports
$29.2MWorld Rnk 31 / 177
Flag Rnk 225 / 1204
2023
PRODUCT COMPLEXITY IN Iron Cloth
0.0073Rnk 555 / 1025
2023
Imports
$28.3MWorld Rnk 44 / 224
Flag Rnk 274 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $29.2M in Iron Cloth, making it the 31st largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 225th most exported product in Lithuania. The main destination of Iron Cloth exports from Lithuania are: Sweden ($11.4M), Finland ($7M), Estonia ($3.62M), Latvia ($3.28M), and Norway ($1.49M).

The fastest growing export markets for Iron Cloth of Lithuania between 2022 and 2023 were Denmark ($554k), Netherlands ($72.4k), and Ireland ($44.1k).

Imports In 2023, Lithuania imported $28.3M in Iron Cloth, becoming the 44th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 274th most imported product in Lithuania. Lithuania imports Iron Cloth primarily from: Poland ($11.7M), Latvia ($3.75M), Netherlands ($3.49M), Spain ($2.37M), and Italy ($1.56M).

The fastest growing import markets in Iron Cloth for Lithuania between 2022 and 2023 were Spain ($2.15M), Ukraine ($404k), and Turkey ($224k).

Latest Trends

Dec 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 Iron Cloth. 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 (2023)$29.2M
IMPORTS (2023)$28.3M
NET TRADE (2023)$944k

In 2023, Lithuania exported $29.2M in Iron Cloth. The main destinations of Lithuania exports on Iron Cloth were Sweden ($11.4M), Finland ($7M), Estonia ($3.62M), Latvia ($3.28M), and Norway ($1.49M).

In 2023, Lithuania imported $28.3M in Iron Cloth, mainly from Poland ($11.7M), Latvia ($3.75M), Netherlands ($3.49M), Spain ($2.37M), and Italy ($1.56M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Denmark$554k (189%)
Netherlands$72.4k (77.4%)
Ireland$44.1k (1.56k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Lithuania WERE (2022 - 2023):
Sweden-$25M (-68.7%)
Estonia-$1.37M (-27.4%)
Finland-$603k (-7.94%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Iron Cloth were:
China $1.49B
Italy $505M
In 2023, Lithuania's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $651k
TOP IMPORT POTENTIALChina+ $1.88M

Iron Cloth’s highest export potential is Russia. With an export gap of $651k.   Iron Cloth’s highest import potential is China with an import gap of $1.88M.

See methodology.

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