2022
Exports
$7.56MWorld Rnk 37 / 182
Flag Rnk 480 / 1208
2022
PRODUCT COMPLEXITY IN Cutting Blades
1.38Rnk 76 / 1025
2022
Imports
$13.6MWorld Rnk 51 / 219
Flag Rnk 432 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $7.56M in Cutting Blades, making it the 37th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 480th most exported product in Lithuania. The main destination of Cutting Blades exports from Lithuania are: Russia ($1.78M), Kazakhstan ($1.44M), Kyrgyzstan ($950k), Belarus ($929k), and Latvia ($569k).

The fastest growing export markets for Cutting Blades of Lithuania between 2021 and 2022 were Kazakhstan ($1.22M), Kyrgyzstan ($950k), and Armenia ($502k).

Imports In 2022, Lithuania imported $13.6M in Cutting Blades, becoming the 51st largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 432nd most imported product in Lithuania. Lithuania imports Cutting Blades primarily from: Germany ($3.9M), Netherlands ($1.81M), Poland ($1.31M), Latvia ($739k), and France ($692k).

The fastest growing import markets in Cutting Blades for Lithuania between 2021 and 2022 were Netherlands ($1.6M), France ($237k), and Turkey ($192k).

Latest Trends

Sep 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 Cutting Blades. 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)$7.56M
IMPORTS (2022)$13.6M
NET TRADE (2022)-$6.08M

In 2022, Lithuania exported $7.56M in Cutting Blades. The main destinations of Lithuania exports on Cutting Blades were Russia ($1.78M), Kazakhstan ($1.44M), Kyrgyzstan ($950k), Belarus ($929k), and Latvia ($569k).

In 2022, Lithuania imported $13.6M in Cutting Blades, mainly from Germany ($3.9M), Netherlands ($1.81M), Poland ($1.31M), Latvia ($739k), and France ($692k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Kazakhstan$1.22M (571%)
Kyrgyzstan$950k (114k%)
Armenia$502k (9.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Lithuania WERE (2021 - 2022):
Russia-$3.29M (-64.9%)
Spain-$102k (-92.1%)
Turkmenistan-$92k (-98.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Cutting Blades were:
In 2022, Lithuania's main importing competitors in Cutting Blades were:

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $496k
TOP IMPORT POTENTIALChina+ $409k

Cutting Blades’s highest export potential is Russia. With an export gap of $496k.   Cutting Blades’s highest import potential is China with an import gap of $409k.

See methodology.

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