2022
Exports
$1.6MWorld Rnk 34 / 98
Flag Rnk 755 / 1208
2022
PRODUCT COMPLEXITY IN Non-Retail Combed Wool Yarn
0.26Rnk 467 / 1025
2022
Imports
$28.1MWorld Rnk 14 / 148
Flag Rnk 283 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $1.6M in Non-Retail Combed Wool Yarn, making it the 34th largest exporter of Non-Retail Combed Wool Yarn in the world. At the same year, Non-Retail Combed Wool Yarn was the 755th most exported product in Lithuania. The main destination of Non-Retail Combed Wool Yarn exports from Lithuania are: Russia ($523k), Latvia ($301k), Kazakhstan ($231k), Belarus ($218k), and Ireland ($89.9k).

The fastest growing export markets for Non-Retail Combed Wool Yarn of Lithuania between 2021 and 2022 were Kazakhstan ($214k), Armenia ($79.1k), and Belarus ($48.4k).

Imports In 2022, Lithuania imported $28.1M in Non-Retail Combed Wool Yarn, becoming the 14th largest importer of Non-Retail Combed Wool Yarn in the world. At the same year, Non-Retail Combed Wool Yarn was the 283rd most imported product in Lithuania. Lithuania imports Non-Retail Combed Wool Yarn primarily from: Germany ($6.32M), Italy ($3.79M), United Kingdom ($3.66M), India ($3.46M), and Bulgaria ($2.76M).

The fastest growing import markets in Non-Retail Combed Wool Yarn for Lithuania between 2021 and 2022 were Germany ($1.05M), Bulgaria ($950k), and India ($507k).

Latest Trends

Oct 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 Non-Retail Combed Wool Yarn. 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)$1.6M
IMPORTS (2022)$28.1M
NET TRADE (2022)-$26.5M

In 2022, Lithuania exported $1.6M in Non-Retail Combed Wool Yarn. The main destinations of Lithuania exports on Non-Retail Combed Wool Yarn were Russia ($523k), Latvia ($301k), Kazakhstan ($231k), Belarus ($218k), and Ireland ($89.9k).

In 2022, Lithuania imported $28.1M in Non-Retail Combed Wool Yarn, mainly from Germany ($6.32M), Italy ($3.79M), United Kingdom ($3.66M), India ($3.46M), and Bulgaria ($2.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Combed Wool Yarn EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Kazakhstan$214k (1.2k%)
Armenia$79.1k (1%)
Belarus$48.4k (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Combed Wool Yarn BY Lithuania WERE (2021 - 2022):
Turkey-$329k (-95.2%)
Russia-$238k (-31.2%)
Czechia-$176k (-98.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Non-Retail Combed Wool Yarn were:
In 2022, Lithuania's main importing competitors in Non-Retail Combed Wool Yarn were:

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Trade Value of Non-Retail Combed Wool Yarn by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $44.7k
TOP IMPORT POTENTIALChina+ $409k

Non-Retail Combed Wool Yarn’s highest export potential is Turkey. With an export gap of $44.7k.   Non-Retail Combed Wool Yarn’s highest import potential is China with an import gap of $409k.

See methodology.

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