2022
Exports
$8.76MWorld Rnk 48 / 201
Flag Rnk 451 / 1208
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$25.4MWorld Rnk 60 / 220
Flag Rnk 297 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $8.76M in Electric Soldering Equipment, making it the 48th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 451st most exported product in Lithuania. The main destination of Electric Soldering Equipment exports from Lithuania are: Russia ($2.62M), Latvia ($960k), Hungary ($835k), Belarus ($676k), and Poland ($587k).

The fastest growing export markets for Electric Soldering Equipment of Lithuania between 2021 and 2022 were Hungary ($835k), Kazakhstan ($408k), and Armenia ($395k).

Imports In 2022, Lithuania imported $25.4M in Electric Soldering Equipment, becoming the 60th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 297th most imported product in Lithuania. Lithuania imports Electric Soldering Equipment primarily from: Germany ($6.45M), China ($3.34M), Italy ($2.58M), Finland ($2.12M), and Poland ($2.05M).

The fastest growing import markets in Electric Soldering Equipment for Lithuania between 2021 and 2022 were Finland ($732k), Kazakhstan ($621k), and Russia ($471k).

Latest Trends

Oct 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 Electric Soldering Equipment. 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)$8.76M
IMPORTS (2022)$25.4M
NET TRADE (2022)-$16.6M

In 2022, Lithuania exported $8.76M in Electric Soldering Equipment. The main destinations of Lithuania exports on Electric Soldering Equipment were Russia ($2.62M), Latvia ($960k), Hungary ($835k), Belarus ($676k), and Poland ($587k).

In 2022, Lithuania imported $25.4M in Electric Soldering Equipment, mainly from Germany ($6.45M), China ($3.34M), Italy ($2.58M), Finland ($2.12M), and Poland ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Hungary$835k (442k%)
Kazakhstan$408k (300%)
Armenia$395k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Lithuania WERE (2021 - 2022):
Russia-$8.01M (-75.4%)
Latvia-$602k (-38.5%)
Estonia-$174k (-25.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Electric Soldering Equipment were:
In 2022, Lithuania's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $855k
TOP IMPORT POTENTIALChina+ $1.61M

Electric Soldering Equipment’s highest export potential is Russia. With an export gap of $855k.   Electric Soldering Equipment’s highest import potential is China with an import gap of $1.61M.

See methodology.

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