2022
Exports
$467MWorld Rnk 28 / 216
Flag Rnk 17 / 1208
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$320MWorld Rnk 46 / 222
Flag Rnk 18 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $467M in Industrial Fatty Acids, Oils and Alcohols, making it the 28th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 17th most exported product in Lithuania. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Lithuania are: Netherlands ($144M), Denmark ($117M), Latvia ($107M), Bulgaria ($23.4M), and United States ($17.7M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Lithuania between 2021 and 2022 were Latvia ($47M), Bulgaria ($21M), and Denmark ($15.8M).

Imports In 2018, Lithuania imported $320M in Industrial Fatty Acids, Oils and Alcohols, becoming the 46th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 18th most imported product in Lithuania. Lithuania imports Industrial Fatty Acids, Oils and Alcohols primarily from: Poland ($89.8M), Estonia ($81.2M), Netherlands ($45.7M), Latvia ($39M), and China ($23.7M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Lithuania between 2021 and 2022 were Estonia ($54.4M), Poland ($40.9M), and Netherlands ($40.4M).

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 Industrial Fatty Acids, Oils and Alcohols. 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)$467M
IMPORTS (2022)$320M
NET TRADE (2022)$147M

In 2022, Lithuania exported $467M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Lithuania exports on Industrial Fatty Acids, Oils and Alcohols were Netherlands ($144M), Denmark ($117M), Latvia ($107M), Bulgaria ($23.4M), and United States ($17.7M).

In 2022, Lithuania imported $320M in Industrial Fatty Acids, Oils and Alcohols, mainly from Poland ($89.8M), Estonia ($81.2M), Netherlands ($45.7M), Latvia ($39M), and China ($23.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Latvia$47M (77.9%)
Bulgaria$21M (888%)
Denmark$15.8M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Lithuania WERE (2021 - 2022):
United Kingdom-$21.9M (-82.9%)
Norway-$16.5M (-99.6%)
Belgium-$8.96M (-98.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Lithuania's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $458k
TOP IMPORT POTENTIALIndonesia+ $594k

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is Netherlands. With an export gap of $458k.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Indonesia with an import gap of $594k.

See methodology.

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