2022
Exports
$67.3MWorld Rnk 52 / 192
Flag Rnk 120 / 1208
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$98.7MWorld Rnk 73 / 207
Flag Rnk 98 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $67.3M in Gas Turbines, making it the 52nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 120th most exported product in Lithuania. The main destination of Gas Turbines exports from Lithuania are: Switzerland ($15.6M), United States ($8.45M), United Arab Emirates ($7.99M), Japan ($6.92M), and Turkey ($6.4M).

The fastest growing export markets for Gas Turbines of Lithuania between 2021 and 2022 were Switzerland ($14.3M), United Arab Emirates ($7.98M), and Japan ($6.92M).

Imports In 2022, Lithuania imported $98.7M in Gas Turbines, becoming the 73rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 98th most imported product in Lithuania. Lithuania imports Gas Turbines primarily from: United States ($50.3M), United Kingdom ($30.4M), Switzerland ($4.59M), Ukraine ($3.94M), and United Arab Emirates ($1.97M).

The fastest growing import markets in Gas Turbines for Lithuania between 2021 and 2022 were United Kingdom ($22.5M), United States ($18.1M), and Ukraine ($3.5M).

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 Gas Turbines. 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)$67.3M
IMPORTS (2022)$98.7M
NET TRADE (2022)-$31.5M

In 2022, Lithuania exported $67.3M in Gas Turbines. The main destinations of Lithuania exports on Gas Turbines were Switzerland ($15.6M), United States ($8.45M), United Arab Emirates ($7.99M), Japan ($6.92M), and Turkey ($6.4M).

In 2022, Lithuania imported $98.7M in Gas Turbines, mainly from United States ($50.3M), United Kingdom ($30.4M), Switzerland ($4.59M), Ukraine ($3.94M), and United Arab Emirates ($1.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Switzerland$14.3M (1.13k%)
United Arab Emirates$7.98M (82.6k%)
Japan$6.92M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Lithuania WERE (2021 - 2022):
Uzbekistan-$18.6M (-100%)
Russia-$4.28M (-98.2%)
United Kingdom-$2.01M (-28.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Gas Turbines were:
In 2022, Lithuania's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $10.3M
TOP IMPORT POTENTIALUnited Kingdom+ $6.85M

Gas Turbines’s highest export potential is United States. With an export gap of $10.3M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $6.85M.

See methodology.

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