2022
Exports
$1.7MWorld Rnk 32 / 120
Flag Rnk 747 / 1208
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$5MWorld Rnk 61 / 191
Flag Rnk 639 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $1.7M in Knitting Machines, making it the 32nd largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 747th most exported product in Lithuania. The main destination of Knitting Machines exports from Lithuania are: France ($506k), Russia ($497k), Bulgaria ($289k), Uzbekistan ($199k), and United States ($99k).

The fastest growing export markets for Knitting Machines of Lithuania between 2021 and 2022 were France ($506k), Bulgaria ($280k), and Russia ($234k).

Imports In 2022, Lithuania imported $5M in Knitting Machines, becoming the 61st largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 639th most imported product in Lithuania. Lithuania imports Knitting Machines primarily from: China ($1.1M), Germany ($1.04M), Spain ($625k), Japan ($591k), and United Kingdom ($385k).

The fastest growing import markets in Knitting Machines for Lithuania between 2021 and 2022 were China ($874k), Spain ($443k), and Finland ($383k).

Latest Trends

Jul 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 Knitting Machines. 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)$1.7M
IMPORTS (2022)$5M
NET TRADE (2022)-$3.3M

In 2022, Lithuania exported $1.7M in Knitting Machines. The main destinations of Lithuania exports on Knitting Machines were France ($506k), Russia ($497k), Bulgaria ($289k), Uzbekistan ($199k), and United States ($99k).

In 2022, Lithuania imported $5M in Knitting Machines, mainly from China ($1.1M), Germany ($1.04M), Spain ($625k), Japan ($591k), and United Kingdom ($385k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
France$506k (1%)
Bulgaria$280k (3.37k%)
Russia$234k (88.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Lithuania WERE (2021 - 2022):
Belarus-$88.5k (-100%)
Uganda-$26.9k (-100%)
Thailand-$26.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Lithuania's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $107k
TOP IMPORT POTENTIALChina+ $429k

Knitting Machines’s highest export potential is United States. With an export gap of $107k.   Knitting Machines’s highest import potential is China with an import gap of $429k.

See methodology.

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