2022
Exports
$10.5MWorld Rnk 32 / 126
Flag Rnk 417 / 1208
2022
PRODUCT COMPLEXITY IN Iron Railway Products
0.37Rnk 418 / 1025
2022
Imports
$22.6MWorld Rnk 47 / 203
Flag Rnk 326 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $10.5M in Iron Railway Products, making it the 32nd largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 417th most exported product in Lithuania. The main destination of Iron Railway Products exports from Lithuania are: Germany ($5.18M), Latvia ($2.26M), Ukraine ($890k), Spain ($589k), and Switzerland ($358k).

The fastest growing export markets for Iron Railway Products of Lithuania between 2021 and 2022 were Germany ($3.79M), Ukraine ($890k), and Spain ($535k).

Imports In 2022, Lithuania imported $22.6M in Iron Railway Products, becoming the 47th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 326th most imported product in Lithuania. Lithuania imports Iron Railway Products primarily from: Kazakhstan ($9.37M), Spain ($4.9M), Austria ($3.38M), Poland ($1.47M), and Germany ($1.35M).

The fastest growing import markets in Iron Railway Products for Lithuania between 2021 and 2022 were Kazakhstan ($9.05M), Poland ($1.1M), and France ($429k).

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 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 (2022)$10.5M
IMPORTS (2022)$22.6M
NET TRADE (2022)-$12.1M

In 2022, Lithuania exported $10.5M in Iron Railway Products. The main destinations of Lithuania exports on Iron Railway Products were Germany ($5.18M), Latvia ($2.26M), Ukraine ($890k), Spain ($589k), and Switzerland ($358k).

In 2022, Lithuania imported $22.6M in Iron Railway Products, mainly from Kazakhstan ($9.37M), Spain ($4.9M), Austria ($3.38M), Poland ($1.47M), and Germany ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Germany$3.79M (272%)
Ukraine$890k (1%)
Spain$535k (989%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Lithuania WERE (2021 - 2022):
Uzbekistan-$704k (-99.7%)
Italy-$409k (-100%)
Sweden-$256k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Railway Products were:
In 2022, 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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