2022
Exports
$511MWorld Rnk 20 / 212
Flag Rnk 12 / 1208
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$167MWorld Rnk 39 / 187
Flag Rnk 58 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $511M in Scrap Iron, making it the 20th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 12th most exported product in Lithuania. The main destination of Scrap Iron exports from Lithuania are: Turkey ($422M), Finland ($27.6M), Bangladesh ($14.2M), Vietnam ($13.6M), and Latvia ($13.3M).

The fastest growing export markets for Scrap Iron of Lithuania between 2021 and 2022 were Bangladesh ($14.2M), Vietnam ($13.6M), and Pakistan ($3.69M).

Imports In 2022, Lithuania imported $167M in Scrap Iron, becoming the 39th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 58th most imported product in Lithuania. Lithuania imports Scrap Iron primarily from: Poland ($42M), Finland ($34.4M), Denmark ($23M), Latvia ($14.6M), and Russia ($11.5M).

The fastest growing import markets in Scrap Iron for Lithuania between 2021 and 2022 were Estonia ($3.17M), Finland ($1.59M), and Latvia ($750k).

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 Scrap Iron. 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)$511M
IMPORTS (2022)$167M
NET TRADE (2022)$344M

In 2022, Lithuania exported $511M in Scrap Iron. The main destinations of Lithuania exports on Scrap Iron were Turkey ($422M), Finland ($27.6M), Bangladesh ($14.2M), Vietnam ($13.6M), and Latvia ($13.3M).

In 2022, Lithuania imported $167M in Scrap Iron, mainly from Poland ($42M), Finland ($34.4M), Denmark ($23M), Latvia ($14.6M), and Russia ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Bangladesh$14.2M (1%)
Vietnam$13.6M (1%)
Pakistan$3.69M (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Lithuania WERE (2021 - 2022):
Turkey-$97.1M (-18.7%)
Finland-$17.4M (-38.7%)
Belarus-$15.8M (-96.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Scrap Iron were:
In 2022, Lithuania's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.9M
TOP IMPORT POTENTIALGermany+ $4.77M

Scrap Iron’s highest export potential is India. With an export gap of $10.9M.   Scrap Iron’s highest import potential is Germany with an import gap of $4.77M.

See methodology.

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