Lithuania, though a modest contributor in the global tapioca starch market, engages in both exports and imports of this versatile product.
Lithuania’s Tapioca Starch Exports
In 2021, Lithuania exported $4.6k worth of tapioca starch, ranking it as the 78th largest exporter of this commodity worldwide. Tapioca starch occupied the 4089th position among Lithuania’s most exported products, highlighting its relatively lower prominence in the country’s export portfolio.
Macau emerged as the primary destination for Lithuania’s tapioca starch exports, accounting for the majority of exports with a value of $4.5k. The Netherlands, Germany, and Estonia were also significant importers of Lithuanian tapioca starch, with respective imports valued at $44, $31, and $20.
Between 2020 and 2021, Lithuania experienced notable growth in its tapioca starch export markets. Macau demonstrated the highest growth rate, with an increase of $1.92k. The Netherlands and Germany also displayed noteworthy growth during this period, with increases of $41 and $31, respectively.
Continent | Country | Trade Value |
Asia | Macau | 4,503 |
Europe | Germany | 31 |
Europe | Estonia | 20 |
Europe | Netherlands | 44 |
Lithuania’s Tapioca Starch Imports
In 2021, Lithuania imported $91.6k worth of tapioca starch, positioning itself as the 88th largest global importer of this commodity. Tapioca starch ranked as the 3710th most imported product in Lithuania, indicating its moderate significance within the country’s import sector.
Vietnam emerged as the primary source of Lithuania’s tapioca starch imports, constituting a major share with imports valued at $64.2k. Germany, France, Poland, and the Netherlands were also notable import partners, contributing respective values of $20k, $4.28k, $2.61k, and $356.
Between 2020 and 2021, Lithuania witnessed significant growth in its import market for tapioca starch. Germany showcased the highest growth rate, with an increase of $19.9k. Poland and France also demonstrated notable growth during this period, with increases of $2.4k and $1.35k, respectively.
Continent | Country | Trade Value |
Asia | Vietnam | 64,220 |
Europe | Germany | 20,030 |
Europe | France | 4,275 |
Europe | United Kingdom | 109 |
Europe | Latvia | 6 |
Europe | Netherlands | 356 |
Europe | Poland | 2,607 |
Tariffs
In 2017, Lithuania’s average tariff for tapioca starch was 22.6%. Notably, several countries imposed the highest import tariffs on tapioca starch, including the Republic of the Congo, Cape Verde, Algeria, Western Sahara, and Gabon, with Most Favored Nation duty rate treatments of 47.9%.
Importing Tapioca Starch from Vietnam
Vietnam has emerged as a prominent supplier of tapioca starch to the Lithuania market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $64,220. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Lithuania in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Lithuania benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Lithuania’s confidence in Vietnam as a trusted and preferred partner for fulfilling its tapioca starch requirements. With its consistent quality and competitive pricing, Vietnam’s tapioca starch has proven to be a reliable source that meets Lithuania’s demand for this essential product.
Source: BACI and General Statistics Office of Vietnam