2023
Exports
$3.82MWorld Rnk 42 / 163
Flag Rnk 566 / 1204
2023
PRODUCT COMPLEXITY IN Silicone
1.64Rnk 28 / 1025
2023
Imports
$9.12MWorld Rnk 63 / 216
Flag Rnk 505 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $3.82M in Silicone, making it the 42nd largest exporter of Silicone in the world. At the same year, Silicone was the 566th most exported product in Lithuania. The main destination of Silicone exports from Lithuania are: Belarus ($797k), Latvia ($630k), Russia ($585k), United Arab Emirates ($353k), and Turkey ($342k).

The fastest growing export markets for Silicone of Lithuania between 2022 and 2023 were Turkey ($233k), Latvia ($163k), and Kyrgyzstan ($160k).

Imports In 2023, Lithuania imported $9.12M in Silicone, becoming the 63rd largest importer of Silicone in the world. At the same year, Silicone was the 505th most imported product in Lithuania. Lithuania imports Silicone primarily from: Belgium ($2.79M), Netherlands ($2.68M), Germany ($1.98M), Poland ($633k), and China ($311k).

The fastest growing import markets in Silicone for Lithuania between 2022 and 2023 were Netherlands ($2.57M), Germany ($412k), and Italy ($68k).

Latest Trends

Jan 2025

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 Silicone. 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)$3.82M
IMPORTS (2023)$9.12M
NET TRADE (2023)-$5.3M

In 2023, Lithuania exported $3.82M in Silicone. The main destinations of Lithuania exports on Silicone were Belarus ($797k), Latvia ($630k), Russia ($585k), United Arab Emirates ($353k), and Turkey ($342k).

In 2023, Lithuania imported $9.12M in Silicone, mainly from Belgium ($2.79M), Netherlands ($2.68M), Germany ($1.98M), Poland ($633k), and China ($311k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Turkey$233k (214%)
Latvia$163k (34.8%)
Kyrgyzstan$160k (387%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Lithuania WERE (2022 - 2023):
Russia-$953k (-62%)
Georgia-$192k (-66%)
Estonia-$83.7k (-80.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $425k
TOP IMPORT POTENTIALChina+ $654k

Silicone’s highest export potential is Russia. With an export gap of $425k.   Silicone’s highest import potential is China with an import gap of $654k.

See methodology.

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