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2023
Flag → Flag
Exports $310MRnk 47 / 201
2023
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Top Product $54.5MPackaged Medicaments
2023
Flag → Flag
Exports $240MRnk 30 / 196
2023
Flag → Flag
Top Product $21.3MElectric Motor Parts
2023
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Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
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GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
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 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
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GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
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GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
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GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
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GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Hungary-Lithuania Trade: In 2023, Hungary exported $310M to Lithuania. The main products that Hungary exported to Lithuania were Packaged Medicaments ($54.5M), Motor vehicles; parts and accessories (8701 to 8705) ($20.4M), and Other Nitrogen Compounds ($7.42M). Over the past 5 years the exports of Hungary to Lithuania have increased at an annualized rate of 1.47%, from $288M in 2018 to $310M in 2023.

In 2020, Hungary exported services to Lithuania worth $26.2M, with Transportation ($23.3M), Other business services ($1.48M), and Computer and information services ($1.26M) being the largest in terms of value.

Lithuania-Hungary In N/A, Lithuania did not export any products to Hungary.

In 2020, Lithuania exported services to Hungary worth $23.5M, with Transportation ($15.8M), Other business services ($5.03M), and Computer and information services ($1.14M) being the largest in terms of value.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $310M to Lithuania. The main products exported from Hungary to Lithuania were Packaged Medicaments ($54.5M), Motor vehicles; parts and accessories (8701 to 8705) ($20.4M), and Other Nitrogen Compounds ($7.42M). During the last 5 years the exports of Hungary to Lithuania have increased at an annualized rate of 1.47%, from $288M in 2018 to $310M in 2023.

Lithuania does not register exports to Hungary. The main products exported from Lithuania to Hungary were Electric Motor Parts ($21.3M), Transmissions ($16M), and Oxygen Amino Compounds ($13.7M).

Exports from Hungary (Flag) to Lithuania (Flag) (2023)

Exports from Lithuania (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Lithuania (Flag)

Hungary Exports

Lithuania Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Hungary than Lithuania included Germany ($37.4B), Romania ($8.43B), and Italy ($9.08B).

In 2023, countries that imported more from Lithuania than Hungary included Latvia ($4.44B), Belarus ($1.84B), and Estonia ($1.4B).

Difference in imports from Lithuania (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Lithuania

Flow
Scale

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

During 2023, Hungary had a large net trade with Lithuania in the exports of Chemical Products ($101M), Machines ($51.4M), and Foodstuffs ($41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Lithuania+$10.6MCars
Top Product Potential Lithuania Hungary+$7.1MCars

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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Bilateral Service Trade

In 2020, Hungary exported services to Lithuania worth $26.2M, with Transportation ($23.3M), Other business services ($1.48M), and Computer and information services ($1.26M) being the largest in terms of value.

In 2020, Lithuania exported services to Hungary worth $23.5M, with Transportation ($15.8M), Other business services ($5.03M), and Computer and information services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Hungary (Flag) to Lithuania (Flag) (2020)

Services Exports from Lithuania (Flag) to Hungary (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Lithuania (Flag) (2023)

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