2023
Exports
$5.03BWorld Rnk 34 / 214
Flag Rnk 1 / 1204
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$734MWorld Rnk 122 / 226
Flag Rnk 8 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $5.03B in Refined Petroleum, making it the 34th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Lithuania. The main destination of Refined Petroleum exports from Lithuania are: United States ($841M), Ukraine ($822M), Poland ($793M), Latvia ($789M), and Estonia ($522M).

The fastest growing export markets for Refined Petroleum of Lithuania between 2022 and 2023 were Poland ($251M), Morocco ($111M), and Gibraltar ($54.3M).

Imports In 2023, Lithuania imported $734M in Refined Petroleum, becoming the 122nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most imported product in Lithuania. Lithuania imports Refined Petroleum primarily from: Finland ($206M), Netherlands ($89.8M), United States ($73.9M), Belgium ($66.7M), and Latvia ($47M).

The fastest growing import markets in Refined Petroleum for Lithuania between 2022 and 2023 were United States ($73.8M), United Arab Emirates ($33.6M), and Switzerland ($28.3M).

Latest Trends

Dec 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 Refined Petroleum. 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)$5.03B
IMPORTS (2023)$734M
NET TRADE (2023)$4.3B

In 2023, Lithuania exported $5.03B in Refined Petroleum. The main destinations of Lithuania exports on Refined Petroleum were United States ($841M), Ukraine ($822M), Poland ($793M), Latvia ($789M), and Estonia ($522M).

In 2023, Lithuania imported $734M in Refined Petroleum, mainly from Finland ($206M), Netherlands ($89.8M), United States ($73.9M), Belgium ($66.7M), and Latvia ($47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Poland$251M (46.4%)
Morocco$111M (73.4%)
Gibraltar$54.3M (59.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Lithuania WERE (2022 - 2023):
Latvia-$240M (-23.3%)
Estonia-$239M (-31.4%)
Singapore-$182M (-99.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Refined Petroleum were:
In 2023, Lithuania's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $206M
TOP IMPORT POTENTIALRussia+ $131M

Refined Petroleum’s highest export potential is United States. With an export gap of $206M.   Refined Petroleum’s highest import potential is Russia with an import gap of $131M.

See methodology.

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