2022
Exports
$10.5MWorld Rnk 45 / 196
Flag Rnk 418 / 1208
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$13.1MWorld Rnk 76 / 222
Flag Rnk 440 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $10.5M in Stranded Iron Wire, making it the 45th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 418th most exported product in Lithuania. The main destination of Stranded Iron Wire exports from Lithuania are: Denmark ($3.96M), Norway ($1.14M), Latvia ($1.04M), Russia ($721k), and Spain ($671k).

The fastest growing export markets for Stranded Iron Wire of Lithuania between 2021 and 2022 were Latvia ($478k), Iceland ($450k), and Norway ($301k).

Imports In 2022, Lithuania imported $13.1M in Stranded Iron Wire, becoming the 76th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 440th most imported product in Lithuania. Lithuania imports Stranded Iron Wire primarily from: Ukraine ($3.31M), Turkey ($1.47M), Portugal ($1.06M), Spain ($955k), and Latvia ($930k).

The fastest growing import markets in Stranded Iron Wire for Lithuania between 2021 and 2022 were Turkey ($1.15M), Portugal ($550k), and China ($350k).

Latest Trends

Jul 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 Stranded Iron Wire. 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)$10.5M
IMPORTS (2022)$13.1M
NET TRADE (2022)-$2.52M

In 2022, Lithuania exported $10.5M in Stranded Iron Wire. The main destinations of Lithuania exports on Stranded Iron Wire were Denmark ($3.96M), Norway ($1.14M), Latvia ($1.04M), Russia ($721k), and Spain ($671k).

In 2022, Lithuania imported $13.1M in Stranded Iron Wire, mainly from Ukraine ($3.31M), Turkey ($1.47M), Portugal ($1.06M), Spain ($955k), and Latvia ($930k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Latvia$478k (85.9%)
Iceland$450k (603%)
Norway$301k (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Lithuania WERE (2021 - 2022):
Russia-$944k (-56.7%)
Denmark-$938k (-19.2%)
Spain-$423k (-38.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Stranded Iron Wire were:
In 2022, Lithuania's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.15M
TOP IMPORT POTENTIALChina+ $979k

Stranded Iron Wire’s highest export potential is United States. With an export gap of $1.15M.   Stranded Iron Wire’s highest import potential is China with an import gap of $979k.

See methodology.

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