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2023
Economic Complexity
Trade 0.85Rank 32 of 132
2021
Economic Complexity
Technology -0.31Rank 59 of 96
2022
Economic Complexity
Research 0.067Rank 54 of 140
2023
Product
Exports | Imports $41B | $46.6B63 of 226 |  60 of 226
2023
Per Capita Product
Exports | Imports $14.3k | $16.2k31 of 220 |  18 of 220

About

Overview In 2023, Lithuania was the number 78 economy in the world in terms of GDP (current US$), the number 63 in total exports, the number 60 in total imports, the number 49 economy in terms of GDP per capita (current US$) and the number 32 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Lithuania are Refined Petroleum ($5.03B), Other Furniture ($2.18B), Wheat ($1.58B), Cars ($1.13B), and Other Plastic Products ($902M), exporting mostly to Latvia ($4.44B), Poland ($3.37B), Germany ($2.83B), Netherlands ($2.39B), and Russia ($2.32B).

Imports The top imports of Lithuania are Crude Petroleum ($5.83B), Cars ($2.28B), Petroleum Gas ($1.95B), Packaged Medicaments ($1.38B), and Tractors ($1.02B), importing mostly from Germany ($5.99B), Poland ($5.9B), Latvia ($3.77B), United States ($3.15B), and Norway ($2.46B).

Location Lithuania borders Belarus, Latvia, Poland, and Russia by land and Sweden by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Lithuania.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Refined Petroleum$5.03B
Top Destination (2023)Latvia$4.44B

In 2023, Lithuania exported a total of $41B, making it the number 63 exporter in the world. During the last five reported years the exports of Lithuania have changed by $11.4B from $29.6B in 2018 to $41B in 2023.

The most recent exports are led by Refined Petroleum ($5.03B), Other Furniture ($2.18B), Wheat ($1.58B), Cars ($1.13B), and Other Plastic Products ($902M). The most common destination for the exports of Lithuania are Latvia ($4.44B), Poland ($3.37B), Germany ($2.83B), Netherlands ($2.39B), and Russia ($2.32B).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Belarus$336M (+ 22.3%)
Philippines$208M (+ 1.2k%)
Morocco$141M (+ 51.4%)
Fastest Growing Import Markets (2022 - 2023)
Netherlands$157M (+ 6.89%)
Spain$91.7M (+ 13.2%)
United Arab Emirates$87.2M (+ 276%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Lithuania Exports Services (2020)$10.8B
Lithuania Imports Services (2020)$5.28B

In 2020, Lithuania exported $10.8B worth of services. The top services exported by Lithuania in 2020 were Other transport ($7.09B), Computer and information services ($956M), Sea transport ($479M), Personal travel ($458M), and Miscellaneous business, professional, and technical services ($449M).

The top services imported by Lithuania in 2020 were Other transport ($2.77B), Sea transport ($567M), Personal travel ($441M), Miscellaneous business, professional, and technical services ($415M), and Operational leasing services ($201M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.85Rank 32 of 132
Economic Complexity (Technology)-0.31Rank 59 of 96
Economic Complexity (Research)0.067Rank 54 of 140

Most Specialized Products by RCA Index

Lithuania has a high level of specialization in Non-Retail Carded Wool Yarn (66.6), Wadding (37.8), Peat (34.9), Raw Furskins (23.8), and Dried/Salted/Smoked/Brined Fish (22.8). Specialization is measured using RCA, an index that takes the ratio between Lithuania observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Lithuania according to the product complexity index (PCI) are Chain and parts thereof, of iron or steel (1.64), Machinery; for making pulp of fibrous cellulosic material, or for making or... (1.63), Machinery; for manufacture or finishing felt or non-wovens in the piece or... (1.47), Vegetable parchment, greaseproof papers, tracing papers, glassine and other glazed transparent or... (1.45), and Photographic plates and film in the flat, sensitised, unexposed, of any material... (1.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Lithuania according to the relatedness index, were Recovered Paper (0.39), Jams (0.39), Flavored Water (0.38), Aqueous Paints (0.38), and Casein (0.38). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lithuania is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Lithuania. These are products that tend to be co-exported with the products that Lithuania exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Lithuania's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨53rd to the 32nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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