2023
Exports
$116MWorld Rnk 6 / 116
Flag Rnk 70 / 1204
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$31MWorld Rnk 12 / 198
Flag Rnk 260 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $116M in Peat, making it the 6th largest exporter of Peat in the world. At the same year, Peat was the 70th most exported product in Lithuania. The main destination of Peat exports from Lithuania are: Germany ($17.2M), Saudi Arabia ($10.4M), Poland ($9.98M), Morocco ($8.09M), and Italy ($5.98M).

The fastest growing export markets for Peat of Lithuania between 2022 and 2023 were Latvia ($3.39M), Italy ($2.23M), and Israel ($1.92M).

Imports In 2023, Lithuania imported $31M in Peat, becoming the 12th largest importer of Peat in the world. At the same year, Peat was the 260th most imported product in Lithuania. Lithuania imports Peat primarily from: Latvia ($21M), Netherlands ($4.7M), Belarus ($3.47M), Estonia ($1.26M), and Poland ($344k).

The fastest growing import markets in Peat for Lithuania between 2022 and 2023 were Latvia ($2.67M), Poland ($278k), and Estonia ($45.8k).

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 Peat. 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)$116M
IMPORTS (2023)$31M
NET TRADE (2023)$85.4M

In 2023, Lithuania exported $116M in Peat. The main destinations of Lithuania exports on Peat were Germany ($17.2M), Saudi Arabia ($10.4M), Poland ($9.98M), Morocco ($8.09M), and Italy ($5.98M).

In 2023, Lithuania imported $31M in Peat, mainly from Latvia ($21M), Netherlands ($4.7M), Belarus ($3.47M), Estonia ($1.26M), and Poland ($344k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Latvia$3.39M (163%)
Italy$2.23M (59.4%)
Israel$1.92M (902%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Lithuania WERE (2022 - 2023):
Mexico-$2.96M (-59%)
Australia-$2.79M (-77.1%)
Chinese Taipei-$1.5M (-73.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Peat were:
In 2023, Lithuania's main importing competitors in Peat were:

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.43M
TOP IMPORT POTENTIALPoland+ $150k

Peat’s highest export potential is United States. With an export gap of $1.43M.   Peat’s highest import potential is Poland with an import gap of $150k.

See methodology.

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