2022
Exports
$55.9MWorld Rnk 24 / 179
Flag Rnk 149 / 1208
2022
PRODUCT COMPLEXITY IN Iron Cloth
-0.056Rnk 564 / 1025
2022
Imports
$55.3MWorld Rnk 37 / 221
Flag Rnk 174 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $55.9M in Iron Cloth, making it the 24th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 149th most exported product in Lithuania. The main destination of Iron Cloth exports from Lithuania are: Sweden ($32.2M), Finland ($9.37M), Estonia ($6.18M), Latvia ($3.96M), and Norway ($1.38M).

The fastest growing export markets for Iron Cloth of Lithuania between 2021 and 2022 were Finland ($3.67M), Denmark ($252k), and Iceland ($216k).

Imports In 2022, Lithuania imported $55.3M in Iron Cloth, becoming the 37th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 174th most imported product in Lithuania. Lithuania imports Iron Cloth primarily from: Poland ($23.8M), Netherlands ($12.4M), Latvia ($6.06M), Turkey ($3.98M), and China ($2.64M).

The fastest growing import markets in Iron Cloth for Lithuania between 2021 and 2022 were Poland ($8.85M), Netherlands ($6.63M), and Turkey ($3.71M).

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 Cloth. 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)$55.9M
IMPORTS (2022)$55.3M
NET TRADE (2022)$580k

In 2022, Lithuania exported $55.9M in Iron Cloth. The main destinations of Lithuania exports on Iron Cloth were Sweden ($32.2M), Finland ($9.37M), Estonia ($6.18M), Latvia ($3.96M), and Norway ($1.38M).

In 2022, Lithuania imported $55.3M in Iron Cloth, mainly from Poland ($23.8M), Netherlands ($12.4M), Latvia ($6.06M), Turkey ($3.98M), and China ($2.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Finland$3.67M (64.5%)
Denmark$252k (864%)
Iceland$216k (30.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Lithuania WERE (2021 - 2022):
Russia-$2.1M (-78.2%)
Estonia-$1.6M (-20.6%)
Poland-$940k (-79.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Cloth were:
China $2.36B
Italy $728M
In 2022, Lithuania's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $651k
TOP IMPORT POTENTIALChina+ $1.88M

Iron Cloth’s highest export potential is Russia. With an export gap of $651k.   Iron Cloth’s highest import potential is China with an import gap of $1.88M.

See methodology.

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