2022
Exports
$69.3MWorld Rnk 79 / 149
Flag Rnk 117 / 1208
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$4.81BWorld Rnk 31 / 158
Flag Rnk 1 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $69.3M in Crude Petroleum, making it the 79th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 117th most exported product in Lithuania. The main destination of Crude Petroleum exports from Lithuania are: Spain ($52.5M), Poland ($16.8M), and Netherlands ($5.22k).

The fastest growing export markets for Crude Petroleum of Lithuania between 2021 and 2022 were Spain ($21.4M), Poland ($4.63M), and Netherlands ($5.14k).

Imports In 2022, Lithuania imported $4.81B in Crude Petroleum, becoming the 31st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Lithuania. Lithuania imports Crude Petroleum primarily from: Saudi Arabia ($1.94B), United Kingdom ($938M), Russia ($671M), Norway ($656M), and Kazakhstan ($351M).

The fastest growing import markets in Crude Petroleum for Lithuania between 2021 and 2022 were Saudi Arabia ($1.94B), United Kingdom ($938M), and Norway ($656M).

Latest Trends

Sep 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 Crude Petroleum. 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)$69.3M
IMPORTS (2022)$4.81B
NET TRADE (2022)-$4.74B

In 2022, Lithuania exported $69.3M in Crude Petroleum. The main destinations of Lithuania exports on Crude Petroleum were Spain ($52.5M), Poland ($16.8M), and Netherlands ($5.22k).

In 2022, Lithuania imported $4.81B in Crude Petroleum, mainly from Saudi Arabia ($1.94B), United Kingdom ($938M), Russia ($671M), Norway ($656M), and Kazakhstan ($351M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Spain$21.4M (68.6%)
Poland$4.63M (38%)
Netherlands$5.14k (6.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Lithuania WERE (2021 - 2022):Latvia-$387k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $14.8M
TOP IMPORT POTENTIALRussia+ $395M

Crude Petroleum’s highest export potential is Poland. With an export gap of $14.8M.   Crude Petroleum’s highest import potential is Russia with an import gap of $395M.

See methodology.

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