Iceland / Lithuania

Iceland-Lithuania Trade: In 2023, Iceland exported $13M to Lithuania. The main products that Iceland exported to Lithuania were Non-fillet Frozen Fish ($4.15M), Fish Fillets ($2.07M), and Cars ($1.45M). Over the past 5 years the exports of Iceland to Lithuania have decreased at an annualized rate of 1.66%, from $14.1M in 2018 to $13M in 2023.

In 2019, Iceland exported services to Lithuania worth $8.17M, with Travel ($5.04M), Transportation ($1.57M), and Other business services ($896k) being the largest in terms of value.

Lithuania-Iceland Trade: In 2023, Lithuania exported $137M to Iceland. The main products that Lithuania exported to Iceland were Other Furniture ($15.3M), Prefabricated Buildings ($13.6M), and Wood Carpentry ($12.9M). Over the past 5 years the exports of Lithuania to Iceland have increased at an annualized rate of 10.6%,  from $82.9M in 2018 to $137M in 2023.

In 2020, Lithuania exported services to Iceland worth $9.82M, with Other business services ($4.45M), Transportation ($3.2M), and Computer and information services ($1.14M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).