2022
Exports
$9.59MWorld Rnk 42 / 202
Flag Rnk 433 / 1208
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$14.3MWorld Rnk 67 / 224
Flag Rnk 418 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $9.59M in Rubber Belting, making it the 42nd largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 433rd most exported product in Lithuania. The main destination of Rubber Belting exports from Lithuania are: Kazakhstan ($4.31M), Russia ($1.05M), Latvia ($742k), Netherlands ($566k), and Kyrgyzstan ($565k).

The fastest growing export markets for Rubber Belting of Lithuania between 2021 and 2022 were Kazakhstan ($4.13M), Kyrgyzstan ($548k), and Netherlands ($536k).

Imports In 2022, Lithuania imported $14.3M in Rubber Belting, becoming the 67th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 418th most imported product in Lithuania. Lithuania imports Rubber Belting primarily from: Germany ($4.05M), Poland ($3.03M), China ($864k), Belgium ($726k), and Netherlands ($638k).

The fastest growing import markets in Rubber Belting for Lithuania between 2021 and 2022 were Poland ($305k), Sweden ($282k), and Denmark ($191k).

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 Rubber Belting. 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)$9.59M
IMPORTS (2022)$14.3M
NET TRADE (2022)-$4.68M

In 2022, Lithuania exported $9.59M in Rubber Belting. The main destinations of Lithuania exports on Rubber Belting were Kazakhstan ($4.31M), Russia ($1.05M), Latvia ($742k), Netherlands ($566k), and Kyrgyzstan ($565k).

In 2022, Lithuania imported $14.3M in Rubber Belting, mainly from Germany ($4.05M), Poland ($3.03M), China ($864k), Belgium ($726k), and Netherlands ($638k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Kazakhstan$4.13M (2.26k%)
Kyrgyzstan$548k (3.09k%)
Netherlands$536k (1.82k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Lithuania WERE (2021 - 2022):
Russia-$821k (-43.8%)
Turkmenistan-$420k (-100%)
Latvia-$240k (-24.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Rubber Belting were:
In 2022, Lithuania's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $628k
TOP IMPORT POTENTIALChina+ $813k

Rubber Belting’s highest export potential is Russia. With an export gap of $628k.   Rubber Belting’s highest import potential is China with an import gap of $813k.

See methodology.

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