2023
Exports
$10.7MWorld Rnk 31 / 136
Flag Rnk 390 / 1204
2023
PRODUCT COMPLEXITY IN Iron Railway Products
0.37Rnk 424 / 1025
2023
Imports
$13.7MWorld Rnk 62 / 196
Flag Rnk 415 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $10.7M in Iron Railway Products, making it the 31st largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 390th most exported product in Lithuania. The main destination of Iron Railway Products exports from Lithuania are: Latvia ($4.26M), Germany ($3.19M), Spain ($1.03M), Kyrgyzstan ($791k), and Switzerland ($415k).

The fastest growing export markets for Iron Railway Products of Lithuania between 2022 and 2023 were Latvia ($1.21M), Kyrgyzstan ($791k), and Spain ($232k).

Imports In 2023, Lithuania imported $13.7M in Iron Railway Products, becoming the 62nd largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 415th most imported product in Lithuania. Lithuania imports Iron Railway Products primarily from: Spain ($8.14M), Austria ($1.79M), Czechia ($1.07M), Kazakhstan ($1.07M), and Germany ($603k).

The fastest growing import markets in Iron Railway Products for Lithuania between 2022 and 2023 were Spain ($3.58M), Czechia ($860k), and Austria ($167k).

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 Railway 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 (2023)$10.7M
IMPORTS (2023)$13.7M
NET TRADE (2023)-$3.05M

In 2023, Lithuania exported $10.7M in Iron Railway Products. The main destinations of Lithuania exports on Iron Railway Products were Latvia ($4.26M), Germany ($3.19M), Spain ($1.03M), Kyrgyzstan ($791k), and Switzerland ($415k).

In 2023, Lithuania imported $13.7M in Iron Railway Products, mainly from Spain ($8.14M), Austria ($1.79M), Czechia ($1.07M), Kazakhstan ($1.07M), and Germany ($603k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Latvia$1.21M (39.6%)
Kyrgyzstan$791k (1%)
Spain$232k (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Lithuania WERE (2022 - 2023):
Germany-$2.06M (-39.2%)
Ukraine-$857k (-96.3%)
Russia-$201k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Iron Railway Products were:
In 2023, Lithuania's main importing competitors in Iron Railway Products were:

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $188k
TOP IMPORT POTENTIALPoland+ $813k

Iron Railway Products’s highest export potential is France. With an export gap of $188k.   Iron Railway Products’s highest import potential is Poland with an import gap of $813k.

See methodology.

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