2023
Exports
$177kWorld Rnk 48 / 118
Flag Rnk 982 / 1204
2023
PRODUCT COMPLEXITY IN Time Switches
0.85Rnk 231 / 1025
2023
Imports
$463kWorld Rnk 77 / 200
Flag Rnk 976 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $177k in Time Switches, making it the 48th largest exporter of Time Switches in the world. At the same year, Time Switches was the 982nd most exported product in Lithuania. The main destination of Time Switches exports from Lithuania are: Russia ($75.7k), Latvia ($29.3k), Germany ($10.1k), United Kingdom ($9.4k), and Netherlands ($8.98k).

The fastest growing export markets for Time Switches of Lithuania between 2022 and 2023 were Latvia ($15.8k), Germany ($8.05k), and Uzbekistan ($7.15k).

Imports In 2023, Lithuania imported $463k in Time Switches, becoming the 77th largest importer of Time Switches in the world. At the same year, Time Switches was the 976th most imported product in Lithuania. Lithuania imports Time Switches primarily from: Latvia ($105k), Poland ($78.8k), China ($72.5k), Spain ($64.4k), and Italy ($47.5k).

The fastest growing import markets in Time Switches for Lithuania between 2022 and 2023 were Poland ($37.2k), Spain ($30.9k), and Italy ($24.4k).

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 Time Switches. 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)$177k
IMPORTS (2023)$463k
NET TRADE (2023)-$286k

In 2023, Lithuania exported $177k in Time Switches. The main destinations of Lithuania exports on Time Switches were Russia ($75.7k), Latvia ($29.3k), Germany ($10.1k), United Kingdom ($9.4k), and Netherlands ($8.98k).

In 2023, Lithuania imported $463k in Time Switches, mainly from Latvia ($105k), Poland ($78.8k), China ($72.5k), Spain ($64.4k), and Italy ($47.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Latvia$15.8k (116%)
Germany$8.05k (390%)
Uzbekistan$7.15k (1.69k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Lithuania WERE (2022 - 2023):
Russia-$101k (-57.1%)
Israel-$34k (-94.5%)
Belgium-$12.7k (-72.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Time Switches were:
China $152M
Mexico $63.1M
Germany $52.8M
In 2023, Lithuania's main importing competitors in Time Switches were:

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.5k
TOP IMPORT POTENTIALChina+ $42.3k

Time Switches’s highest export potential is Germany. With an export gap of $15.5k.   Time Switches’s highest import potential is China with an import gap of $42.3k.

See methodology.

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