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2022
Flag → Flag
Exports $302MRnk 107 / 217
2022
Flag → Flag
Top Product $58.9MRefined Petroleum
2022
Flag → Flag
Exports $164MRnk 36 / 196
2022
Flag → Flag
Top Product $39.6MPotassic Fertilizers
2022
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

India-Lithuania Trade: In 2022, India exported $302M to Lithuania. The main products that India exported to Lithuania were Refined Petroleum ($58.9M), Broadcasting Equipment ($44.4M), and Integrated Circuits ($29.2M). Over the past 5 years the exports of India to Lithuania have increased at an annualized rate of 27.4%, from $90M in 2017 to $302M in 2022.

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

Lithuania-India Trade: In 2022, Lithuania exported $164M to India. The main products that Lithuania exported to India were Potassic Fertilizers ($39.6M), Seed Oils ($22.7M), and Nitrogenous Fertilizers ($10.4M). Over the past 5 years the exports of Lithuania to India have decreased at an annualized rate of 3.09%,  from $192M in 2017 to $164M in 2022.

In 2020, Lithuania exported services to India worth $11.5M, with Computer and information services ($7.65M), Personal, cultural, and recreational services ($1.6M), and Travel ($1.37M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $17.8M and imported $9.17M from Lithuania, resulting in a positive trade balance of $8.6M. Between August 2023 and August 2024 the exports of India have decreased by $-5.53M (-23.7%) from $23.3M to $17.8M, while imports increased by $767k (9.13%) from $8.4M to $9.17M.

Trade In August 2024, the top exports of India to Lithuania were Marine Products ($2.15M), Drug Formulations, Biologicals ($1.67M), Electric Machinery And Equipme ($1.47M), Residul Chemicl And Alled Prod ($833k), and Medical And Scientific Instrum ($697k). In August 2024 the top imports of India from Lithuania were Iron And Steel ($4.08M), Medical And Scientific Instrum ($1.19M), Telecom Instruments ($671k), Plywood And Allied Products ($590k), and Electronics Components ($407k).

Growth In August 2024, the decrease in India's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Electronics Components ($-25.1M or -100%), Bulk Drugs, Drug Intermediates ($-855k or -85.1%), and Marine Products ($-818k or -27.6%). In August 2024, the increase in India's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Medical And Scientific Instrum ($1.07M or 932%), Telecom Instruments ($283k or 72.9%), and Electronics Components ($155k or 61.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-5.53M(-23.7%)
IMPORT GROWTH (August 2023 - August 2024)$767k(9.13%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Lithuania and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $302M to Lithuania. The main products exported from India to Lithuania were Refined Petroleum ($58.9M), Broadcasting Equipment ($44.4M), and Integrated Circuits ($29.2M). During the last 5 years the exports of India to Lithuania have increased at an annualized rate of 27.4%, from $90M in 2017 to $302M in 2022.

In 2017, Lithuania exported $164M to India. The main products exported from Lithuania to India were Potassic Fertilizers ($39.6M), Seed Oils ($22.7M), and Nitrogenous Fertilizers ($10.4M). During the last 5 years the exports of Lithuania to India have decreased at an annualized rate of 3.09%, from $192M in 2022 to $164M in 2017.

Exports from India (Flag) to Lithuania (Flag) (2022)

Exports from Lithuania (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from India than Lithuania included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

In 2022, countries that imported more from Lithuania than India included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

Difference in imports from Lithuania (Flag) and India (Flag) (2022)

Comparative Advantage India - Lithuania

Flow
Scale

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

During 2022, India had a large net trade with Lithuania in the exports of Machines ($87.3M), Mineral Products ($59.3M), and Textiles ($25.6M).

During 2017, Lithuania had a large net trade with India in the exports of Chemical Products ($56.3M), Animal and Vegetable Bi-Products ($22.7M), and Machines ($15.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Lithuania+$70.9MRefined Petroleum
Top Product Potential Lithuania India+$17.3MNitrogenous Fertilizers

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, Lithuania exported services to India worth $11.5M, with Computer and information services ($7.65M), Personal, cultural, and recreational services ($1.6M), and Travel ($1.37M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Lithuania (Flag) (2022)

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