2022
Exports
$1.94BWorld Rnk 37 / 160
Flag Rnk 3 / 1208
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$4.37BWorld Rnk 28 / 222
Flag Rnk 2 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $1.94B in Petroleum Gas, making it the 37th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Lithuania. The main destination of Petroleum Gas exports from Lithuania are: Latvia ($1.77B), Poland ($82.7M), Ukraine ($51.1M), Estonia ($29.7M), and Finland ($5.85M).

The fastest growing export markets for Petroleum Gas of Lithuania between 2021 and 2022 were Latvia ($1.73B), Ukraine ($33.8M), and Estonia ($26.1M).

Imports In 2022, Lithuania imported $4.37B in Petroleum Gas, becoming the 28th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Lithuania. Lithuania imports Petroleum Gas primarily from: United States ($2.12B), Norway ($1.27B), Russia ($520M), Latvia ($183M), and Egypt ($105M).

The fastest growing import markets in Petroleum Gas for Lithuania between 2021 and 2022 were United States ($1.85B), Norway ($1.26B), and Russia ($196M).

Latest Trends

Sep 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 Petroleum Gas. 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)$1.94B
IMPORTS (2022)$4.37B
NET TRADE (2022)-$2.43B

In 2022, Lithuania exported $1.94B in Petroleum Gas. The main destinations of Lithuania exports on Petroleum Gas were Latvia ($1.77B), Poland ($82.7M), Ukraine ($51.1M), Estonia ($29.7M), and Finland ($5.85M).

In 2022, Lithuania imported $4.37B in Petroleum Gas, mainly from United States ($2.12B), Norway ($1.27B), Russia ($520M), Latvia ($183M), and Egypt ($105M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Latvia$1.73B (4.23k%)
Ukraine$33.8M (196%)
Estonia$26.1M (711%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Lithuania WERE (2021 - 2022):
Finland-$24.3M (-80.6%)
Russia-$476k (-82.8%)
United Kingdom-$387k (-64%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Petroleum Gas were:
In 2022, Lithuania's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $59M
TOP IMPORT POTENTIALRussia+ $372M

Petroleum Gas’s highest export potential is Poland. With an export gap of $59M.   Petroleum Gas’s highest import potential is Russia with an import gap of $372M.

See methodology.

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