2022
Exports
$112MWorld Rnk 9 / 171
Flag Rnk 74 / 1208
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$10.3MWorld Rnk 73 / 220
Flag Rnk 495 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $112M in Iron Nails, making it the 9th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 74th most exported product in Lithuania. The main destination of Iron Nails exports from Lithuania are: United States ($72.3M), United Kingdom ($7.53M), Germany ($6.48M), Netherlands ($4.35M), and Ireland ($2.67M).

The fastest growing export markets for Iron Nails of Lithuania between 2021 and 2022 were United States ($40.6M), Netherlands ($2.02M), and Germany ($2.01M).

Imports In 2022, Lithuania imported $10.3M in Iron Nails, becoming the 73rd largest importer of Iron Nails in the world. At the same year, Iron Nails was the 495th most imported product in Lithuania. Lithuania imports Iron Nails primarily from: Poland ($3.31M), Turkey ($1.52M), China ($1.24M), Ukraine ($869k), and Belarus ($749k).

The fastest growing import markets in Iron Nails for Lithuania between 2021 and 2022 were Turkey ($1.52M), Ukraine ($799k), and Poland ($658k).

COMPANIES In 2023, leading companies such as Continental Materials (389) were at the forefront of shipping Iron Nails from Lithuania to the United States.

Latest Trends

Nov 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 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 (2022)$112M
IMPORTS (2022)$10.3M
NET TRADE (2022)$102M

In 2022, Lithuania exported $112M in Iron Nails. The main destinations of Lithuania exports on Iron Nails were United States ($72.3M), United Kingdom ($7.53M), Germany ($6.48M), Netherlands ($4.35M), and Ireland ($2.67M).

In 2022, Lithuania imported $10.3M in Iron Nails, mainly from Poland ($3.31M), Turkey ($1.52M), China ($1.24M), Ukraine ($869k), and Belarus ($749k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
United States$40.6M (128%)
Netherlands$2.02M (86.9%)
Germany$2.01M (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Lithuania WERE (2021 - 2022):
Hungary-$845k (-60.7%)
Finland-$809k (-51.4%)
Denmark-$778k (-74%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Nails were:
In 2022, 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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