Imports

Lithuania's purchases of imported products in 2022 totaled $54.9 billion. Compared to $44.6 billion in 2021, Lithuania's exports increased by 23.3%.

Main Suppliers of Lithuanian Imports

The latest country-specific data shows that Lithuania's imports were supplied mainly by exporters from Germany (35.6% of Lithuania's global total), Poland (7.5%), Latvia (5.2%), the US (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. Mineral 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 the more granular 4-digit HS code level, Lithuania's most valuable imports included crude oil (11.3% of the total), LPG (9.5%), electricity (4.6%), automobiles (3.3%), drug mixture doses (2.1%), processed petroleum (also 2.1%), tractors (1.8%), telephony 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. The total value of Lithuania's exports increased by 13.5% from $40.8 billion in 2021.

Best Trading Partners for Purchasing Lithuanian Exports

The latest country-specific data shows that the main share of Lithuania's 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 UK (3.5%), Belarus (3.5%), and the United Kingdom (3.5%). 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, were the fastest growing of the top 10 export categories, up 92.8% since 2021. The second highest improvement in export sales was 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 drop among Lithuania's top 10 export categories was in the miscellaneous chemicals category, down -19.8%.

At the detailed 4-digit HS code level, 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%).

Customs data contains a vast amount of information, and extracting relevant customer contact information can be time-consuming, with results not always meeting expectations. Is it truly the case, or is it because customs data is being used incorrectly, resulting in wasted effort and time?

Utilizing customs data for customer development can be achieved by precisely characterizing all buyers and their procurement systems in the target market. This allows for the quick identification of the most compatible customers, discerning their credit systems and procurement information, determining high-quality customers and profit margins, enhancing development efficiency, and improving overall effectiveness.

In customs data, one can observe the suppliers of buyers. Some of these suppliers are trade companies and also potential customers. In-depth analysis can be conducted on these trade companies, and key customers can be selected for focused development. Information such as buyer contacts, trade partners, procurement cycles, and purchase volumes can be obtained. While customs data may lack contact information due to being derived from bill of lading information, Tendata iTrader provides not only customs data but also business and internet data. This allows for the direct extraction of contact information and positions based on buyer names, making customer development through customs data seamless. (>>> Click To Get Free Access To Customs Data From 80+ Countries)

For new customer development using customs data, three strategies are available for consideration. (>>> Click To Get Free Access To Customs Data From 80+ Countries)

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