2022
Exports
$162MWorld Rnk 33 / 162
Flag Rnk 51 / 1208
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$213MWorld Rnk 34 / 217
Flag Rnk 40 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $162M in Raw Iron Bars, making it the 33rd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 51st most exported product in Lithuania. The main destination of Raw Iron Bars exports from Lithuania are: Sweden ($48M), Latvia ($37.9M), Norway ($21M), Finland ($16.6M), and Poland ($15.5M).

The fastest growing export markets for Raw Iron Bars of Lithuania between 2021 and 2022 were Finland ($7.42M), Norway ($6.77M), and Latvia ($3.94M).

Imports In 2022, Lithuania imported $213M in Raw Iron Bars, becoming the 34th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 40th most imported product in Lithuania. Lithuania imports Raw Iron Bars primarily from: Russia ($53.6M), Poland ($45.5M), Belarus ($37.9M), Ukraine ($21.7M), and Germany ($12M).

The fastest growing import markets in Raw Iron Bars for Lithuania between 2021 and 2022 were Poland ($19.8M), Russia ($12.8M), and Germany ($8.57M).

Latest Trends

Aug 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 Raw Iron Bars. 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)$162M
IMPORTS (2022)$213M
NET TRADE (2022)-$50.3M

In 2022, Lithuania exported $162M in Raw Iron Bars. The main destinations of Lithuania exports on Raw Iron Bars were Sweden ($48M), Latvia ($37.9M), Norway ($21M), Finland ($16.6M), and Poland ($15.5M).

In 2022, Lithuania imported $213M in Raw Iron Bars, mainly from Russia ($53.6M), Poland ($45.5M), Belarus ($37.9M), Ukraine ($21.7M), and Germany ($12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Finland$7.42M (80.6%)
Norway$6.77M (47.6%)
Latvia$3.94M (11.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Lithuania WERE (2021 - 2022):
Poland-$15.7M (-50.3%)
Ireland-$5.7M (-100%)
Russia-$3.93M (-97.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Lithuania's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $6.09M
TOP IMPORT POTENTIALTurkey+ $4.54M

Raw Iron Bars’s highest export potential is Poland. With an export gap of $6.09M.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $4.54M.

See methodology.

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