2023
Exports
$20.6MWorld Rnk 85 / 150
Flag Rnk 261 / 1204
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$5.83BWorld Rnk 25 / 159
Flag Rnk 1 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $20.6M in Crude Petroleum, making it the 85th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 261st most exported product in Lithuania. The main destination of Crude Petroleum exports from Lithuania are: Poland ($20.5M), Switzerland ($74.2k), Netherlands ($29.1k), and Estonia ($23.4k).

The fastest growing export markets for Crude Petroleum of Lithuania between 2022 and 2023 were Poland ($4.35M), Switzerland ($74.2k), and Estonia ($23.4k).

Imports In 2023, Lithuania imported $5.83B in Crude Petroleum, becoming the 25th 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 ($2.17B), Norway ($1.53B), United States ($1.46B), United Kingdom ($536M), and Algeria ($121M).

The fastest growing import markets in Crude Petroleum for Lithuania between 2022 and 2023 were United States ($937M), Norway ($579M), and Ukraine ($6.51M).

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 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 (2023)$20.6M
IMPORTS (2023)$5.83B
NET TRADE (2023)-$5.81B

In 2023, Lithuania exported $20.6M in Crude Petroleum. The main destinations of Lithuania exports on Crude Petroleum were Poland ($20.5M), Switzerland ($74.2k), Netherlands ($29.1k), and Estonia ($23.4k).

In 2023, Lithuania imported $5.83B in Crude Petroleum, mainly from Saudi Arabia ($2.17B), Norway ($1.53B), United States ($1.46B), United Kingdom ($536M), and Algeria ($121M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Poland$4.35M (27%)
Switzerland$74.2k (1%)
Estonia$23.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Lithuania WERE (2022 - 2023):Spain-$60M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Crude Petroleum were:
In 2023, 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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