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2022
Exports $525kWorld Rnk 51 / 104
Flag Rnk 922 / 1208
falsefalse Latvia
2021 - 2022
FASTEST GROWING MARKETfalseUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $3.39MWorld Rnk 37 / 180
Flag Rnk 714 / 1208
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Lithuania0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $525k in Stainless Steel Ingots, making it the 51st largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 922nd most exported product in Lithuania. The main destination of Stainless Steel Ingots exports from Lithuania are: Latvia ($158k), Germany ($116k), United Arab Emirates ($62.2k), Sweden ($51.6k), and Russia ($34.8k).

The fastest growing export markets for Stainless Steel Ingots of Lithuania between 2021 and 2022 were United Arab Emirates ($62.2k), Kazakhstan ($29.2k), and Russia ($23k).

Imports In 2022, Lithuania imported $3.39M in Stainless Steel Ingots, becoming the 37th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 714th most imported product in Lithuania. Lithuania imports Stainless Steel Ingots primarily from: Denmark ($2.54M), Latvia ($398k), Germany ($113k), Estonia ($99k), and Italy ($94.1k).

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 Stainless Steel Ingots. 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)$525k
IMPORTS (2022)$3.39M
NET TRADE (2022)-$2.87M

In 2022, Lithuania exported $525k in Stainless Steel Ingots. The main destinations of Lithuania exports on Stainless Steel Ingots were Latvia ($158k), Germany ($116k), United Arab Emirates ($62.2k), Sweden ($51.6k), and Russia ($34.8k).

In 2022, Lithuania imported $3.39M in Stainless Steel Ingots, mainly from Denmark ($2.54M), Latvia ($398k), Germany ($113k), Estonia ($99k), and Italy ($94.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
United Arab Emirates$62.2k (1%)
Kazakhstan$29.2k (855%)
Russia$23k (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Lithuania WERE (2021 - 2022):
Croatia-$315k (-100%)
Germany-$249k (-68.3%)
Spain-$47.3k (-66.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
Sweden $298M
In 2022, Lithuania's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M
Sweden $541M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $74.4k
TOP IMPORT POTENTIALGermany+ $92.3k

Stainless Steel Ingots’s highest export potential is Germany. With an export gap of $74.4k.   Stainless Steel Ingots’s highest import potential is Germany with an import gap of $92.3k.

See methodology.

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