2022
Exports
$23.1MWorld Rnk 33 / 188
Flag Rnk 278 / 1208
2022
PRODUCT COMPLEXITY IN Iron Chains
1.44Rnk 65 / 1025
2022
Imports
$28.5MWorld Rnk 45 / 222
Flag Rnk 281 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $23.1M in Iron Chains, making it the 33rd largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 278th most exported product in Lithuania. The main destination of Iron Chains exports from Lithuania are: Canada ($6.93M), Norway ($5.53M), Russia ($2.58M), United States ($1.53M), and Latvia ($933k).

The fastest growing export markets for Iron Chains of Lithuania between 2021 and 2022 were Canada ($1.86M), United States ($797k), and Norway ($614k).

Imports In 2022, Lithuania imported $28.5M in Iron Chains, becoming the 45th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 281st most imported product in Lithuania. Lithuania imports Iron Chains primarily from: Sweden ($6.41M), Norway ($5.76M), China ($5.53M), Germany ($3.27M), and Netherlands ($1.63M).

The fastest growing import markets in Iron Chains for Lithuania between 2021 and 2022 were Sweden ($3.31M), Norway ($3.05M), and China ($2.09M).

Latest Trends

Aug 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 Iron Chains. 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)$23.1M
IMPORTS (2022)$28.5M
NET TRADE (2022)-$5.33M

In 2022, Lithuania exported $23.1M in Iron Chains. The main destinations of Lithuania exports on Iron Chains were Canada ($6.93M), Norway ($5.53M), Russia ($2.58M), United States ($1.53M), and Latvia ($933k).

In 2022, Lithuania imported $28.5M in Iron Chains, mainly from Sweden ($6.41M), Norway ($5.76M), China ($5.53M), Germany ($3.27M), and Netherlands ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Canada$1.86M (36.6%)
United States$797k (109%)
Norway$614k (12.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Lithuania WERE (2021 - 2022):
Russia-$1.33M (-34.1%)
Belarus-$259k (-35.7%)
Sweden-$218k (-20.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Chains were:
China $2.52B
Japan $503M
In 2022, Lithuania's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.25M
TOP IMPORT POTENTIALChina+ $1.71M

Iron Chains’s highest export potential is United States. With an export gap of $1.25M.   Iron Chains’s highest import potential is China with an import gap of $1.71M.

See methodology.

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