2023
Exports
$290MWorld Rnk 35 / 209
Flag Rnk 25 / 1204
2023
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.68Rnk 757 / 1025
2023
Imports
$214MWorld Rnk 52 / 225
Flag Rnk 35 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $290M in Industrial Fatty Acids, Oils and Alcohols, making it the 35th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 25th most exported product in Lithuania. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Lithuania are: Netherlands ($74.1M), Latvia ($71.5M), Denmark ($71.5M), United States ($13.3M), and Italy ($10.1M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Lithuania between 2022 and 2023 were Italy ($4.52M), Hungary ($4.33M), and Germany ($2.59M).

Imports In 2023, Lithuania imported $214M in Industrial Fatty Acids, Oils and Alcohols, becoming the 52nd largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 35th most imported product in Lithuania. Lithuania imports Industrial Fatty Acids, Oils and Alcohols primarily from: Poland ($59.9M), Estonia ($54.5M), Latvia ($22.8M), China ($20.9M), and Germany ($9.25M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Lithuania between 2022 and 2023 were Poland ($40M), Croatia ($7.78M), and Hungary ($2.31M).

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 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 (2023)$290M
IMPORTS (2023)$214M
NET TRADE (2023)$75.8M

In 2023, Lithuania exported $290M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Lithuania exports on Industrial Fatty Acids, Oils and Alcohols were Netherlands ($74.1M), Latvia ($71.5M), Denmark ($71.5M), United States ($13.3M), and Italy ($10.1M).

In 2023, Lithuania imported $214M in Industrial Fatty Acids, Oils and Alcohols, mainly from Poland ($59.9M), Estonia ($54.5M), Latvia ($22.8M), China ($20.9M), and Germany ($9.25M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Italy$4.52M (81%)
Hungary$4.33M (3.87k%)
Germany$2.59M (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Lithuania WERE (2022 - 2023):
Netherlands-$77.4M (-51.1%)
Denmark-$43.5M (-37.9%)
Latvia-$33.7M (-32%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2023, 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
View
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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