2023
Exports
$1.85MWorld Rnk 19 / 83
Flag Rnk 695 / 1204
2023
PRODUCT COMPLEXITY IN Felt Machinery
1.1Rnk 146 / 1025
2023
Imports
$2.02MWorld Rnk 41 / 146
Flag Rnk 794 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $1.85M in Felt Machinery, making it the 19th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 695th most exported product in Lithuania. The main destination of Felt Machinery exports from Lithuania are: Russia ($1.84M), Poland ($4.07k), and Netherlands ($95).

The fastest growing export markets for Felt Machinery of Lithuania between 2022 and 2023 were Russia ($47.1k) and Netherlands ($84).

Imports In 2023, Lithuania imported $2.02M in Felt Machinery, becoming the 41st largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 794th most imported product in Lithuania. Lithuania imports Felt Machinery primarily from: France ($1.02M), Italy ($829k), Germany ($85k), China ($69.5k), and Austria ($14.9k).

The fastest growing import markets in Felt Machinery for Lithuania between 2022 and 2023 were France ($126k), Germany ($30.7k), and Italy ($16.5k).

Latest Trends

Jan 2025

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 Felt Machinery. 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 (2023)$1.85M
IMPORTS (2023)$2.02M
NET TRADE (2023)-$168k

In 2023, Lithuania exported $1.85M in Felt Machinery. The main destinations of Lithuania exports on Felt Machinery were Russia ($1.84M), Poland ($4.07k), and Netherlands ($95).

In 2023, Lithuania imported $2.02M in Felt Machinery, mainly from France ($1.02M), Italy ($829k), Germany ($85k), China ($69.5k), and Austria ($14.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Russia$47.1k (2.62%)
Netherlands$84 (764%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY Lithuania WERE (2022 - 2023):
Azerbaijan-$80.5k (-100%)
Poland-$3.66k (-47.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Lithuania's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $15.9k
TOP IMPORT POTENTIALGermany+ $93.2k

Felt Machinery’s highest export potential is Poland. With an export gap of $15.9k.   Felt Machinery’s highest import potential is Germany with an import gap of $93.2k.

See methodology.

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