2023
Exports
$62MWorld Rnk 3 / 89
Flag Rnk 123 / 1204
2023
PRODUCT COMPLEXITY IN Non-Retail Carded Wool Yarn
0.072Rnk 530 / 1025
2023
Imports
$2.11MWorld Rnk 39 / 138
Flag Rnk 785 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $62M in Non-Retail Carded Wool Yarn, making it the 3rd largest exporter of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 123rd most exported product in Lithuania. The main destination of Non-Retail Carded Wool Yarn exports from Lithuania are: Italy ($20.4M), United Kingdom ($17.2M), Denmark ($9.15M), Belgium ($2.94M), and Latvia ($2.79M).

The fastest growing export markets for Non-Retail Carded Wool Yarn of Lithuania between 2022 and 2023 were Italy ($1.24M), Denmark ($897k), and Finland ($385k).

Imports In 2023, Lithuania imported $2.11M in Non-Retail Carded Wool Yarn, becoming the 39th largest importer of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 785th most imported product in Lithuania. Lithuania imports Non-Retail Carded Wool Yarn primarily from: Italy ($1.02M), Estonia ($390k), Finland ($141k), Poland ($136k), and United Kingdom ($105k).

The fastest growing import markets in Non-Retail Carded Wool Yarn for Lithuania between 2022 and 2023 were Poland ($120k), Russia ($90.8k), and Finland ($74.9k).

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 Non-Retail Carded Wool Yarn. 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)$62M
IMPORTS (2023)$2.11M
NET TRADE (2023)$59.9M

In 2023, Lithuania exported $62M in Non-Retail Carded Wool Yarn. The main destinations of Lithuania exports on Non-Retail Carded Wool Yarn were Italy ($20.4M), United Kingdom ($17.2M), Denmark ($9.15M), Belgium ($2.94M), and Latvia ($2.79M).

In 2023, Lithuania imported $2.11M in Non-Retail Carded Wool Yarn, mainly from Italy ($1.02M), Estonia ($390k), Finland ($141k), Poland ($136k), and United Kingdom ($105k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Carded Wool Yarn EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Italy$1.24M (6.48%)
Denmark$897k (10.9%)
Finland$385k (1.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Carded Wool Yarn BY Lithuania WERE (2022 - 2023):
United States-$1.92M (-58.2%)
Russia-$302k (-100%)
Turkey-$279k (-18.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Non-Retail Carded Wool Yarn were:
Italy $148M
China $105M
In 2023, Lithuania's main importing competitors in Non-Retail Carded Wool Yarn were:

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Trade Value of Non-Retail Carded Wool Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $255k
TOP IMPORT POTENTIALPoland+ $20.5k

Non-Retail Carded Wool Yarn’s highest export potential is Poland. With an export gap of $255k.   Non-Retail Carded Wool Yarn’s highest import potential is Poland with an import gap of $20.5k.

See methodology.

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