2022
Exports
$29.9MWorld Rnk 48 / 177
Flag Rnk 239 / 1208
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$139MWorld Rnk 37 / 219
Flag Rnk 78 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $29.9M in Iron Blocks, making it the 48th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 239th most exported product in Lithuania. The main destination of Iron Blocks exports from Lithuania are: Latvia ($13.4M), Estonia ($4.63M), Poland ($2.38M), Sweden ($2.36M), and Finland ($2.31M).

The fastest growing export markets for Iron Blocks of Lithuania between 2021 and 2022 were Finland ($1.81M), Sweden ($825k), and Ireland ($441k).

Imports In 2022, Lithuania imported $139M in Iron Blocks, becoming the 37th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 78th most imported product in Lithuania. Lithuania imports Iron Blocks primarily from: Poland ($83.2M), Germany ($21.3M), Estonia ($9.23M), Latvia ($8.8M), and Turkey ($6.16M).

The fastest growing import markets in Iron Blocks for Lithuania between 2021 and 2022 were Poland ($4.73M), Turkey ($2.55M), and Latvia ($1.46M).

COMPANIES In 2023, leading companies such as Continental Materials (1) were at the forefront of shipping Iron Blocks from Lithuania to the United States.

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 Iron Blocks. 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)$29.9M
IMPORTS (2022)$139M
NET TRADE (2022)-$109M

In 2022, Lithuania exported $29.9M in Iron Blocks. The main destinations of Lithuania exports on Iron Blocks were Latvia ($13.4M), Estonia ($4.63M), Poland ($2.38M), Sweden ($2.36M), and Finland ($2.31M).

In 2022, Lithuania imported $139M in Iron Blocks, mainly from Poland ($83.2M), Germany ($21.3M), Estonia ($9.23M), Latvia ($8.8M), and Turkey ($6.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Finland$1.81M (369%)
Sweden$825k (53.7%)
Ireland$441k (253%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Lithuania WERE (2021 - 2022):
Estonia-$2.22M (-32.4%)
Latvia-$1.32M (-8.97%)
Poland-$1.26M (-34.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Lithuania's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $2.1M
TOP IMPORT POTENTIALTurkey+ $2.74M

Iron Blocks’s highest export potential is Poland. With an export gap of $2.1M.   Iron Blocks’s highest import potential is Turkey with an import gap of $2.74M.

See methodology.

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