2022
Exports
$34.3MWorld Rnk 32 / 152
Flag Rnk 216 / 1208
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$23MWorld Rnk 90 / 217
Flag Rnk 324 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $34.3M in Buses, making it the 32nd largest exporter of Buses in the world. At the same year, Buses was the 216th most exported product in Lithuania. The main destination of Buses exports from Lithuania are: Germany ($10.5M), United Kingdom ($4.33M), Finland ($3.82M), Latvia ($3.34M), and Sweden ($2.54M).

The fastest growing export markets for Buses of Lithuania between 2021 and 2022 were Germany ($7.22M), United Kingdom ($2.83M), and Finland ($1.96M).

Imports In 2022, Lithuania imported $23M in Buses, becoming the 90th largest importer of Buses in the world. At the same year, Buses was the 324th most imported product in Lithuania. Lithuania imports Buses primarily from: Turkey ($6.37M), Germany ($3.74M), Latvia ($3.29M), Poland ($3.23M), and Italy ($2.67M).

The fastest growing import markets in Buses for Lithuania between 2021 and 2022 were Turkey ($3.35M), Latvia ($1.55M), and Germany ($1.47M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Buses. 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)$34.3M
IMPORTS (2022)$23M
NET TRADE (2022)$11.4M

In 2022, Lithuania exported $34.3M in Buses. The main destinations of Lithuania exports on Buses were Germany ($10.5M), United Kingdom ($4.33M), Finland ($3.82M), Latvia ($3.34M), and Sweden ($2.54M).

In 2022, Lithuania imported $23M in Buses, mainly from Turkey ($6.37M), Germany ($3.74M), Latvia ($3.29M), Poland ($3.23M), and Italy ($2.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Germany$7.22M (219%)
United Kingdom$2.83M (188%)
Finland$1.96M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Lithuania WERE (2021 - 2022):
Switzerland-$1.45M (-100%)
Norway-$1.11M (-41.6%)
Croatia-$672k (-66.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Lithuania's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.32M
TOP IMPORT POTENTIALPoland+ $2.14M

Buses’s highest export potential is France. With an export gap of $1.32M.   Buses’s highest import potential is Poland with an import gap of $2.14M.

See methodology.

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