2022
Exports
$282MWorld Rnk 54 / 222
Flag Rnk 33 / 1208
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$286MWorld Rnk 62 / 225
Flag Rnk 23 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $282M in Insulated Wire, making it the 54th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 33rd most exported product in Lithuania. The main destination of Insulated Wire exports from Lithuania are: Sweden ($81.5M), Netherlands ($41.3M), Finland ($22.2M), Germany ($21.7M), and Denmark ($19M).

The fastest growing export markets for Insulated Wire of Lithuania between 2021 and 2022 were Denmark ($9.53M), Poland ($4.14M), and France ($2.86M).

Imports In 2022, Lithuania imported $286M in Insulated Wire, becoming the 62nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 23rd most imported product in Lithuania. Lithuania imports Insulated Wire primarily from: Poland ($44M), Germany ($36.3M), Bosnia and Herzegovina ($27.7M), Sweden ($27.5M), and Finland ($25.7M).

The fastest growing import markets in Insulated Wire for Lithuania between 2021 and 2022 were Turkey ($8.97M), Bosnia and Herzegovina ($8.17M), and Estonia ($5.56M).

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 Insulated Wire. 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)$282M
IMPORTS (2022)$286M
NET TRADE (2022)-$4.3M

In 2022, Lithuania exported $282M in Insulated Wire. The main destinations of Lithuania exports on Insulated Wire were Sweden ($81.5M), Netherlands ($41.3M), Finland ($22.2M), Germany ($21.7M), and Denmark ($19M).

In 2022, Lithuania imported $286M in Insulated Wire, mainly from Poland ($44M), Germany ($36.3M), Bosnia and Herzegovina ($27.7M), Sweden ($27.5M), and Finland ($25.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Denmark$9.53M (101%)
Poland$4.14M (67%)
France$2.86M (42.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Lithuania WERE (2021 - 2022):
Russia-$9.62M (-60.2%)
Belgium-$7.11M (-59.3%)
Sweden-$5.43M (-6.25%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Insulated Wire were:
In 2022, Lithuania's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $20.8M
N/AN/AN/A

Insulated Wire’s highest export potential is Germany. With an export gap of $20.8M.   Insulated Wire’s highest import potential is N/A with an import gap of N/A.

See methodology.

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