Georgia (GEO) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Georgia-Lithuania Trade: In 2022, Georgia exported $38.3M to Lithuania. The main products that Georgia exported to Lithuania were Computers ($7.16M), Water ($6.19M), and Precious Metal Scraps ($5.06M). Over the past 5 years the exports of Georgia to Lithuania have increased at an annualized rate of 1%, from $36.4M in 2017 to $38.3M in 2022.

In 2022, Georgia did not export any services to Lithuania.

Lithuania-Georgia Trade: In 2022, Lithuania exported $77.4M to Georgia. The main products that Lithuania exported to Georgia were Packaged Medicaments ($6.84M), Frozen Bovine Meat ($4.57M), and Video Displays ($4.45M). Over the past 5 years the exports of Lithuania to Georgia have increased at an annualized rate of 11.1%, from $45.6M in 2017 to $77.4M in 2022.

In 2022, Lithuania did not export any services to Georgia.

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $38.3M to Lithuania. The main products exported from Georgia to Lithuania were Computers ($7.16M), Water ($6.19M), and Precious Metal Scraps ($5.06M). During the last 5 years the exports of Georgia to Lithuania have increased at an annualized rate of 1%, from $36.4M in 2017 to $38.3M in 2022.

In 2017, Lithuania exported $77.4M to Georgia. The main products exported from Lithuania to Georgia were Packaged Medicaments ($6.84M), Frozen Bovine Meat ($4.57M), and Video Displays ($4.45M). During the last 5 years the exports of Lithuania to Georgia have increased at an annualized rate of 11.1%, from $45.6M in 2022 to $77.4M in 2017.

Exports from Georgia () to Lithuania () (2022)

Exports from Lithuania () to Georgia () (2022)

Latest Data

Trade between Georgia () and Lithuania ()

Georgia Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Lithuania
Top DestinationLatvia$6.18B

This map shows whether countries import more from Georgia or Lithuania. Each country is colored based on the difference in imports they receive from Georgia and Lithuania or the difference in the growth in imports.

In 2022, countries that imported more from Georgia than Lithuania included China ($759M), Azerbaijan ($668M), and Armenia ($571M).

In 2022, countries that imported more from Lithuania than Georgia included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

Difference in imports from Lithuania () and Georgia () (2022)

Comparative Advantage Georgia - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Georgia and Lithuania by product, considering products traded by both, Georgia and Lithuania.

During 2022, Georgia had a large net trade with Lithuania in the exports of Foodstuffs ($10.2M), Machines ($8.52M), and Precious Metals ($5.06M).

During 2017, Lithuania had a large net trade with Georgia in the exports of Machines ($25.6M), Chemical Products ($16.7M), and Transportation ($10.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Lithuania+$241kFlavored Water

Top Product Potential Lithuania Georgia+$3.55MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Lithuania. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Georgia.

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Lithuania () (2022)

Exports from Lithuania () to Georgia () (2022)

Latest Data

Trade between Georgia () and Lithuania ()

Georgia Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Georgia () (2022)

Comparative Advantage Georgia - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Lithuania () (2022)

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