2023
Exports
$85.4MWorld Rnk 8 / 168
Flag Rnk 90 / 1204
2023
PRODUCT COMPLEXITY IN Iron Nails
-0.52Rnk 709 / 1025
2023
Imports
$6.73MWorld Rnk 74 / 220
Flag Rnk 564 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $85.4M in Iron Nails, making it the 8th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 90th most exported product in Lithuania. The main destination of Iron Nails exports from Lithuania are: United States ($71.3M), United Kingdom ($2.02M), Germany ($1.72M), Netherlands ($1.68M), and Latvia ($1.05M).

The fastest growing export markets for Iron Nails of Lithuania between 2022 and 2023 were United States ($826k), Switzerland ($71.1k), and Denmark ($30.1k).

Imports In 2023, Lithuania imported $6.73M in Iron Nails, becoming the 74th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 564th most imported product in Lithuania. Lithuania imports Iron Nails primarily from: Poland ($2.14M), China ($1.3M), Finland ($643k), Estonia ($535k), and Latvia ($426k).

The fastest growing import markets in Iron Nails for Lithuania between 2022 and 2023 were Latvia ($313k), Estonia ($285k), and Italy ($93.3k).

COMPANIES In 2024, leading companies such as Continental Materials (558) were at the forefront of shipping Iron Nails from Lithuania to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Nails. 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)$85.4M
IMPORTS (2023)$6.73M
NET TRADE (2023)$78.6M

In 2023, Lithuania exported $85.4M in Iron Nails. The main destinations of Lithuania exports on Iron Nails were United States ($71.3M), United Kingdom ($2.02M), Germany ($1.72M), Netherlands ($1.68M), and Latvia ($1.05M).

In 2023, Lithuania imported $6.73M in Iron Nails, mainly from Poland ($2.14M), China ($1.3M), Finland ($643k), Estonia ($535k), and Latvia ($426k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
United States$826k (1.17%)
Switzerland$71.1k (167%)
Denmark$30.1k (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Lithuania WERE (2022 - 2023):
United Kingdom-$5.33M (-72.5%)
Germany-$3.58M (-67.6%)
Italy-$1.55M (-63.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Iron Nails were:
China $1.33B
In 2023, Lithuania's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.35M
TOP IMPORT POTENTIALChina+ $791k

Iron Nails’s highest export potential is Poland. With an export gap of $1.35M.   Iron Nails’s highest import potential is China with an import gap of $791k.

See methodology.

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