Lithuania (LTU) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Lithuania-Denmark Trade: In 2023, Lithuania exported $968M to Denmark. The main products that Lithuania exported to Denmark were Other Furniture ($74.7M), Industrial Fatty Acids, Oils and Alcohols ($71.5M), and Seats ($71.3M). Over the past 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 3.13%, from $829M in 2018 to $968M in 2023.

In 2020, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

Denmark-Lithuania Trade: In 2023, Denmark exported $714M to Lithuania. The main products that Denmark exported to Lithuania were Coffee ($58.4M), Pesticides ($35.7M), and Pig Meat ($33.8M). Over the past 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 4.81%, from $565M in 2018 to $714M in 2023.

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

Comparison: In 2023, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lithuania exported $968M to Denmark. The main products exported from Lithuania to Denmark were Other Furniture ($74.7M), Industrial Fatty Acids, Oils and Alcohols ($71.5M), and Seats ($71.3M). During the last 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 3.13%, from $829M in 2018 to $968M in 2023.

In 2018, Denmark exported $714M to Lithuania. The main products exported from Denmark to Lithuania were Coffee ($58.4M), Pesticides ($35.7M), and Pig Meat ($33.8M). During the last 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 4.81%, from $565M in 2023 to $714M in 2018.

Exports from Lithuania () to Denmark () (2023)

Exports from Denmark () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Denmark ()

Lithuania Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$4.44B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Lithuania than Denmark included Latvia ($4.44B), Russia ($2.32B), and Belarus ($1.84B).

In 2023, countries that imported more from Denmark than Lithuania included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

Difference in imports from Denmark () and Lithuania () (2023)

Comparative Advantage Lithuania - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lithuania had a large net trade with Denmark in the exports of Miscellaneous ($170M), Textiles ($117M), and Chemical Products ($105M).

During 2018, Denmark had a large net trade with Lithuania in the exports of Machines ($155M), Chemical Products ($81.1M), and Metals ($80M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Denmark+$5.88MRefined Petroleum

Top Product Potential Denmark Lithuania+$9.6MPackaged Medicaments

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

Dnk Year

Ltu Year

In 2020, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania () to Denmark () (2020)

Services Exports from Denmark () to Lithuania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Denmark () (2023)

Exports from Denmark () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Denmark ()

Lithuania Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Lithuania () (2023)

Comparative Advantage Lithuania - Denmark

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Lithuania () to Denmark () (2020)

Services Exports from Denmark () to Lithuania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Denmark () (2023)

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