2022
Exports
$25.9MWorld Rnk 46 / 126
Flag Rnk 259 / 1208
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$116MWorld Rnk 45 / 210
Flag Rnk 83 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $25.9M in Hot-Rolled Iron Bars, making it the 46th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 259th most exported product in Lithuania. The main destination of Hot-Rolled Iron Bars exports from Lithuania are: Latvia ($5.38M), Netherlands ($5.29M), Sweden ($4.88M), Poland ($3.61M), and Norway ($2.32M).

The fastest growing export markets for Hot-Rolled Iron Bars of Lithuania between 2021 and 2022 were Netherlands ($5.24M), Poland ($1.14M), and Latvia ($968k).

Imports In 2022, Lithuania imported $116M in Hot-Rolled Iron Bars, becoming the 45th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 83rd most imported product in Lithuania. Lithuania imports Hot-Rolled Iron Bars primarily from: Russia ($32.5M), Belarus ($15.7M), Poland ($13.9M), Ukraine ($12.8M), and Portugal ($10.6M).

The fastest growing import markets in Hot-Rolled Iron Bars for Lithuania between 2021 and 2022 were Poland ($12.3M), Portugal ($10.6M), and Turkey ($8.54M).

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 Hot-Rolled Iron Bars. 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)$25.9M
IMPORTS (2022)$116M
NET TRADE (2022)-$89.7M

In 2022, Lithuania exported $25.9M in Hot-Rolled Iron Bars. The main destinations of Lithuania exports on Hot-Rolled Iron Bars were Latvia ($5.38M), Netherlands ($5.29M), Sweden ($4.88M), Poland ($3.61M), and Norway ($2.32M).

In 2022, Lithuania imported $116M in Hot-Rolled Iron Bars, mainly from Russia ($32.5M), Belarus ($15.7M), Poland ($13.9M), Ukraine ($12.8M), and Portugal ($10.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Netherlands$5.24M (11.3k%)
Poland$1.14M (46%)
Latvia$968k (21.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Lithuania WERE (2021 - 2022):
Sweden-$1.37M (-21.9%)
Russia-$606k (-100%)
Finland-$98.4k (-7.29%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Lithuania's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $2.46M
TOP IMPORT POTENTIALPoland+ $2.82M

Hot-Rolled Iron Bars’s highest export potential is Poland. With an export gap of $2.46M.   Hot-Rolled Iron Bars’s highest import potential is Poland with an import gap of $2.82M.

See methodology.

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