2022
Exports
$5.91MWorld Rnk 40 / 144
Flag Rnk 524 / 1208
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$9.26MWorld Rnk 52 / 203
Flag Rnk 519 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $5.91M in Waxes, making it the 40th largest exporter of Waxes in the world. At the same year, Waxes was the 524th most exported product in Lithuania. The main destination of Waxes exports from Lithuania are: Russia ($2.19M), Poland ($1.59M), Belarus ($294k), Germany ($289k), and Spain ($252k).

The fastest growing export markets for Waxes of Lithuania between 2021 and 2022 were Russia ($1.19M), Poland ($1.15M), and Germany ($286k).

Imports In 2022, Lithuania imported $9.26M in Waxes, becoming the 52nd largest importer of Waxes in the world. At the same year, Waxes was the 519th most imported product in Lithuania. Lithuania imports Waxes primarily from: Belarus ($3.12M), Indonesia ($2.14M), Czechia ($1.33M), Netherlands ($976k), and Germany ($244k).

The fastest growing import markets in Waxes for Lithuania between 2021 and 2022 were Czechia ($1.3M), Netherlands ($844k), and Indonesia ($755k).

Latest Trends

Oct 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 Waxes. 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)$5.91M
IMPORTS (2022)$9.26M
NET TRADE (2022)-$3.36M

In 2022, Lithuania exported $5.91M in Waxes. The main destinations of Lithuania exports on Waxes were Russia ($2.19M), Poland ($1.59M), Belarus ($294k), Germany ($289k), and Spain ($252k).

In 2022, Lithuania imported $9.26M in Waxes, mainly from Belarus ($3.12M), Indonesia ($2.14M), Czechia ($1.33M), Netherlands ($976k), and Germany ($244k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Russia$1.19M (120%)
Poland$1.15M (259%)
Germany$286k (9.37k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Lithuania WERE (2021 - 2022):
Slovenia-$286k (-92.7%)
Italy-$120k (-99.6%)
Croatia-$83.4k (-86.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Waxes were:
In 2022, Lithuania's main importing competitors in Waxes were:

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $384k
TOP IMPORT POTENTIALGermany+ $396k

Waxes’s highest export potential is Poland. With an export gap of $384k.   Waxes’s highest import potential is Germany with an import gap of $396k.

See methodology.

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