2023
Exports
$14.2MWorld Rnk 44 / 152
Flag Rnk 327 / 1204
2023
PRODUCT COMPLEXITY IN Iron Wire
-0.29Rnk 643 / 1025
2023
Imports
$23.3MWorld Rnk 56 / 215
Flag Rnk 308 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $14.2M in Iron Wire, making it the 44th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 327th most exported product in Lithuania. The main destination of Iron Wire exports from Lithuania are: Poland ($3.91M), Latvia ($3.85M), Finland ($2.15M), Estonia ($1.17M), and Germany ($797k).

The fastest growing export markets for Iron Wire of Lithuania between 2022 and 2023 were Mongolia ($107k), Norway ($57.1k), and Switzerland ($48.2k).

Imports In 2023, Lithuania imported $23.3M in Iron Wire, becoming the 56th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 308th most imported product in Lithuania. Lithuania imports Iron Wire primarily from: Ukraine ($5.64M), Poland ($4.54M), Czechia ($2.1M), Germany ($1.98M), and Turkey ($1.73M).

The fastest growing import markets in Iron Wire for Lithuania between 2022 and 2023 were Ukraine ($1.4M), United Arab Emirates ($1.1M), and Turkey ($301k).

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 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 (2023)$14.2M
IMPORTS (2023)$23.3M
NET TRADE (2023)-$9.18M

In 2023, Lithuania exported $14.2M in Iron Wire. The main destinations of Lithuania exports on Iron Wire were Poland ($3.91M), Latvia ($3.85M), Finland ($2.15M), Estonia ($1.17M), and Germany ($797k).

In 2023, Lithuania imported $23.3M in Iron Wire, mainly from Ukraine ($5.64M), Poland ($4.54M), Czechia ($2.1M), Germany ($1.98M), and Turkey ($1.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Mongolia$107k (1%)
Norway$57.1k (67.2%)
Switzerland$48.2k (8.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Lithuania WERE (2022 - 2023):
Poland-$6.66M (-63%)
Latvia-$4.51M (-54%)
Czechia-$3.06M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Iron Wire were:
China $1.86B
Italy $581M
In 2023, Lithuania's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.97M
TOP IMPORT POTENTIALChina+ $1.6M

Iron Wire’s highest export potential is Germany. With an export gap of $1.97M.   Iron Wire’s highest import potential is China with an import gap of $1.6M.

See methodology.

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