2022
Exports
$22.1MWorld Rnk 24 / 101
Flag Rnk 286 / 1208
2022
PRODUCT COMPLEXITY IN Phenols
1.66Rnk 33 / 1025
2022
Imports
$14.5MWorld Rnk 45 / 184
Flag Rnk 415 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $22.1M in Phenols, making it the 24th largest exporter of Phenols in the world. At the same year, Phenols was the 286th most exported product in Lithuania. The main destination of Phenols exports from Lithuania are: Brazil ($5.8M), United States ($1.93M), Belgium ($1.5M), Germany ($1.38M), and Spain ($1.1M).

The fastest growing export markets for Phenols of Lithuania between 2021 and 2022 were Brazil ($3.28M), Germany ($701k), and Russia ($477k).

Imports In 2022, Lithuania imported $14.5M in Phenols, becoming the 45th largest importer of Phenols in the world. At the same year, Phenols was the 415th most imported product in Lithuania. Lithuania imports Phenols primarily from: Russia ($12.8M), Belgium ($361k), France ($304k), Turkey ($225k), and United States ($215k).

The fastest growing import markets in Phenols for Lithuania between 2021 and 2022 were Russia ($660k), Belgium ($278k), and France ($236k).

COMPANIES In 2023, leading companies such as IKEA Group (76) were at the forefront of shipping Phenols from Lithuania to the United States.

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 Phenols. 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)$22.1M
IMPORTS (2022)$14.5M
NET TRADE (2022)$7.56M

In 2022, Lithuania exported $22.1M in Phenols. The main destinations of Lithuania exports on Phenols were Brazil ($5.8M), United States ($1.93M), Belgium ($1.5M), Germany ($1.38M), and Spain ($1.1M).

In 2022, Lithuania imported $14.5M in Phenols, mainly from Russia ($12.8M), Belgium ($361k), France ($304k), Turkey ($225k), and United States ($215k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phenols EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Brazil$3.28M (130%)
Germany$701k (103%)
Russia$477k (1.55k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phenols BY Lithuania WERE (2021 - 2022):
Belarus-$1.52M (-97.8%)
Italy-$891k (-62.9%)
Belgium-$557k (-27%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Phenols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $932k
TOP IMPORT POTENTIALGermany+ $316k

Phenols’s highest export potential is United States. With an export gap of $932k.   Phenols’s highest import potential is Germany with an import gap of $316k.

See methodology.

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