Lithuania Import Export Business in 2022 - Global Trade Data | Tendata

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ten data blog01-12-2023

lithuania import,lithuania export,lithuania import export



Imports

Lithuania's total purchases of imported products in 2022 amount to $54.9 billion. From 2021 to 2022, the total cost of Lithuanian imports increases by 23.3% from $44.6 billion.



Main Suppliers of Lithuanian Imports

The latest country-specific data show that the main suppliers of products imported into Lithuania are exporters from Germany (35.6% of Lithuania's global total), Poland (7.5%), Latvia (5.2%), the USA (5.1%), Sweden (4%), Russia (2.8%), Norway (2.7%), the Netherlands (2.2%), Saudi Arabia (2.2%), Mainland China (1.8%), Italy (1.7%) and Estonia (1.3%).



Lithuania's Top 10 Imports

1. Fossil fuels including oil: $15.4 billion (28% of total imports)

2. Vehicles: $4.7 billion (8.6%)

3. Machinery including computers: $4.2 billion (7.6%)

4. Motors, equipment: $3.9 billion (7.1%)

5. Plastics, plastic products: $2.3 billion (4.2%)

6. Pharmaceuticals: $1.6 billion (2.9%)

7. Iron and steel: $1.4 billion (2.6%)

8. Wood: $1.242 billion (2.3%)

9. Organic chemicals: $1.241 billion (2.3%)

10. Iron and steel products: $1.1 billion (2%)


Lithuania's fastest year-on-year growth in fossil fuel imports among these major categories included oil (up 109.1% from 2021), organic chemicals (up 34.1%) and automobiles (up 18.5%).


The worst year-over-year decline was a -4.9 percent drop in the machinery products category, which includes computers.


At a more granular 4-digit HS code level, Lithuania's most valuable imports include crude oil (11.3% of the total), LPG (9.5%), electricity (4.6%), automobiles (3.3%), drug mixture doses (2.1%), processed oil (also 2.1%), tractors (1.8%), telephone equipment including smartphones (1.5%), poly carboxylic acids (1.2%) and computers including optical readers (1%).



Exports

Lithuania exported $46.3 billion worth of products to the world in 2022. From 2021 to 2022, the total value of Lithuania's exports will increase by 13.5% from $40.8 billion in 2021.



Best Trading Partners to Buy Lithuanian Exports

The latest country-specific data show that the main share of Lithuanian exports is purchased by importers from Latvia (12.8% of Lithuania's total), Poland (9%), Germany (7.9%), Russia (6.2%), Estonia (5.7%), the Netherlands (5.45%), the United States of America (5.37%), Sweden (4.1%), the United Kingdom ( 3.5%), Belarus (3.2%), Ukraine (2.6%) and Norway (2.5%).



Lithuania's Top 10 Exports

1. Mineral fuels including oil: $8 billion (17.2% of total exports)

2. Furniture, bedding, lighting, signs, prefabricated buildings: $3.5 billion (7.6%)

3. Vehicles: $2.9 billion (6.2%)

4. Plastics, plastic products: $2.8 billion (6%)

5. Machinery, including computers: $2.7 billion (5.8%)

6. Motors, equipment: $2.6 billion (5.7%)

7. Wood: $1.9 billion (4.2%)

8. Other chemicals: $1.4 billion (3%)

9. Fertilizer: $1.3 billion (2.9%)

10. Iron and steel products: $1.2 billion (2.5%)


Lithuania's top 10 exports accounted for 60.9% of its total global exports.


Mineral fuels, including oil, are the fastest growing of the top 10 export categories, up 92.8% since 2021. The second highest improvement in export sales was for automobiles, up 31.9%, with exports of Indonesian cars leading the way. Lithuania's exports of plastic materials and plastic products ranked third in terms of volume growth, up 11.3% year-on-year.


The largest decline among Lithuania's top 10 export categories was in the miscellaneous chemicals category, down -19.8%.


In terms of detailed 4-digit HS codes, Lithuania's 10 most valuable exports were processed petroleum (11.7% of Lithuania's total), miscellaneous furniture (4.7%), liquefied petroleum gas (3.1%), automobiles (2.4%), wheat (2.2%), nitrogenous fertilizers (2%), polyacetal ether carbonate (1.9%), cigars, cigarillos, or cigarettes (1.9%), and various diagnostic and laboratory reagents (1.6%), and dose mixing drugs (1.5%).




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