2023
Exports
$3.75MWorld Rnk 58 / 197
Flag Rnk 567 / 1204
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$19.5MWorld Rnk 65 / 224
Flag Rnk 342 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $3.75M in Electric Soldering Equipment, making it the 58th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 567th most exported product in Lithuania. The main destination of Electric Soldering Equipment exports from Lithuania are: Latvia ($702k), Kazakhstan ($328k), Netherlands ($255k), Poland ($249k), and Uzbekistan ($230k).

The fastest growing export markets for Electric Soldering Equipment of Lithuania between 2022 and 2023 were Switzerland ($96.1k), Australia ($79k), and Denmark ($78.1k).

Imports In 2023, Lithuania imported $19.5M in Electric Soldering Equipment, becoming the 65th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 342nd most imported product in Lithuania. Lithuania imports Electric Soldering Equipment primarily from: Italy ($4.3M), Germany ($3.5M), China ($2.29M), Finland ($2.18M), and Poland ($1.63M).

The fastest growing import markets in Electric Soldering Equipment for Lithuania between 2022 and 2023 were Italy ($2.84M), Denmark ($434k), and Poland ($308k).

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 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 (2023)$3.75M
IMPORTS (2023)$19.5M
NET TRADE (2023)-$15.8M

In 2023, Lithuania exported $3.75M in Electric Soldering Equipment. The main destinations of Lithuania exports on Electric Soldering Equipment were Latvia ($702k), Kazakhstan ($328k), Netherlands ($255k), Poland ($249k), and Uzbekistan ($230k).

In 2023, Lithuania imported $19.5M in Electric Soldering Equipment, mainly from Italy ($4.3M), Germany ($3.5M), China ($2.29M), Finland ($2.18M), and Poland ($1.63M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Switzerland$96.1k (219%)
Australia$79k (1%)
Denmark$78.1k (381%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Lithuania WERE (2022 - 2023):
Russia-$2.54M (-96.8%)
Hungary-$834k (-99.9%)
Belarus-$487k (-72%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Electric Soldering Equipment were:
In 2023, 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
View
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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