2023
Exports
$1.44MWorld Rnk 21 / 114
Flag Rnk 741 / 1204
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$4.08MWorld Rnk 23 / 175
Flag Rnk 656 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $1.44M in Watch Movements, making it the 21st largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 741st most exported product in Lithuania. The main destination of Watch Movements exports from Lithuania are: Germany ($455k), Denmark ($268k), Hong Kong ($193k), Poland ($182k), and Spain ($116k).

The fastest growing export markets for Watch Movements of Lithuania between 2022 and 2023 were Germany ($387k), Hong Kong ($190k), and Poland ($143k).

Imports In 2023, Lithuania imported $4.08M in Watch Movements, becoming the 23rd largest importer of Watch Movements in the world. At the same year, Watch Movements was the 656th most imported product in Lithuania. Lithuania imports Watch Movements primarily from: Latvia ($1.27M), Poland ($1.27M), Germany ($588k), Hong Kong ($334k), and Estonia ($251k).

The fastest growing import markets in Watch Movements for Lithuania between 2022 and 2023 were Poland ($774k), Germany ($469k), and Hong Kong ($257k).

Latest Trends

Dec 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 Watch Movements. 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)$1.44M
IMPORTS (2023)$4.08M
NET TRADE (2023)-$2.64M

In 2023, Lithuania exported $1.44M in Watch Movements. The main destinations of Lithuania exports on Watch Movements were Germany ($455k), Denmark ($268k), Hong Kong ($193k), Poland ($182k), and Spain ($116k).

In 2023, Lithuania imported $4.08M in Watch Movements, mainly from Latvia ($1.27M), Poland ($1.27M), Germany ($588k), Hong Kong ($334k), and Estonia ($251k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Germany$387k (573%)
Hong Kong$190k (5.71k%)
Poland$143k (374%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Lithuania WERE (2022 - 2023):
Switzerland-$11.2k (-94.6%)
Kazakhstan-$2.33k (-100%)
Russia-$1.25k (-37.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Watch Movements were:
In 2023, Lithuania's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $24.1k
TOP IMPORT POTENTIALJapan+ $65.3k

Watch Movements’s highest export potential is Germany. With an export gap of $24.1k.   Watch Movements’s highest import potential is Japan with an import gap of $65.3k.

See methodology.

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