2022
Exports
$39.1MWorld Rnk 34 / 156
Flag Rnk 196 / 1208
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$60.5MWorld Rnk 42 / 216
Flag Rnk 156 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $39.1M in Iron Wire, making it the 34th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 196th most exported product in Lithuania. The main destination of Iron Wire exports from Lithuania are: Poland ($11M), Latvia ($7.72M), Germany ($3.8M), Czechia ($3.39M), and Estonia ($2.8M).

The fastest growing export markets for Iron Wire of Lithuania between 2021 and 2022 were Italy ($2.05M), Finland ($1.89M), and Romania ($292k).

Imports In 2022, Lithuania imported $60.5M in Iron Wire, becoming the 42nd largest importer of Iron Wire in the world. At the same year, Iron Wire was the 156th most imported product in Lithuania. Lithuania imports Iron Wire primarily from: Belarus ($19.1M), Russia ($15.7M), Poland ($5.52M), Czechia ($3.78M), and Ukraine ($3.71M).

The fastest growing import markets in Iron Wire for Lithuania between 2021 and 2022 were Poland ($2.41M), Ukraine ($1.27M), and Slovakia ($943k).

Latest Trends

Jul 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 Wire. 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)$39.1M
IMPORTS (2022)$60.5M
NET TRADE (2022)-$21.4M

In 2022, Lithuania exported $39.1M in Iron Wire. The main destinations of Lithuania exports on Iron Wire were Poland ($11M), Latvia ($7.72M), Germany ($3.8M), Czechia ($3.39M), and Estonia ($2.8M).

In 2022, Lithuania imported $60.5M in Iron Wire, mainly from Belarus ($19.1M), Russia ($15.7M), Poland ($5.52M), Czechia ($3.78M), and Ukraine ($3.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Italy$2.05M (18.4k%)
Finland$1.89M (440%)
Romania$292k (356%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Lithuania WERE (2021 - 2022):
Poland-$15M (-57.8%)
Netherlands-$2.52M (-57.6%)
Latvia-$2.1M (-21.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Wire were:
In 2022, Lithuania's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.97M
TOP IMPORT POTENTIALChina+ $1.6M

Iron Wire’s highest export potential is Germany. With an export gap of $1.97M.   Iron Wire’s highest import potential is China with an import gap of $1.6M.

See methodology.

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