2023
Flag  
GDP
$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH
72.3%CURRENT US$
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2023
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 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC 
$27,786CURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP PC GROWTH
77.5%CURRENT US$
Rnk 18 / 195
2023
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GDP PC
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
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GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Lithuania-Spain Trade: In 2023, Lithuania exported $609M to Spain. The main products that Lithuania exported to Spain were Wheat ($133M), Other Furniture ($102M), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.9M). Over the past 5 years the exports of Lithuania to Spain have increased at an annualized rate of 8.9%, from $398M in 2018 to $609M in 2023.

In 2020, Lithuania exported services to Spain worth $25.7M, with Travel ($13.9M), Computer and information services ($6.4M), and Construction services ($3.88M) being the largest in terms of value.

Spain-Lithuania Trade: In 2023, Spain exported $789M to Lithuania. The main products that Spain exported to Lithuania were Wine ($43.2M), Broadcasting Equipment ($29.1M), and Raw Iron Bars ($26.4M). Over the past 5 years the exports of Spain to Lithuania have increased at an annualized rate of 3.2%,  from $674M in 2018 to $789M in 2023.

In 2023, Spain did not export any services to Lithuania.

Comparison: In 2023,  Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $609M to Spain. The main products exported from Lithuania to Spain were Wheat ($133M), Other Furniture ($102M), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.9M). During the last 5 years the exports of Lithuania to Spain have increased at an annualized rate of 8.9%, from $398M in 2018 to $609M in 2023.

In 2018, Spain exported $789M to Lithuania. The main products exported from Spain to Lithuania were Wine ($43.2M), Broadcasting Equipment ($29.1M), and Raw Iron Bars ($26.4M). During the last 5 years the exports of Spain to Lithuania have increased at an annualized rate of 3.2%, from $674M in 2023 to $789M in 2018.

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

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

Latest Data

Trade between Lithuania (Flag) and Spain (Flag)

Lithuania Exports

Spain Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$4.44B
Spain
Top Destination
France$61.9B

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

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

In 2023, countries that imported more from Spain than Lithuania included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

Comparative Advantage Lithuania - Spain

Flow
Scale

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

During 2023, Lithuania had a large net trade with Spain in the exports of Vegetable Products ($152M), Miscellaneous ($117M), and Foodstuffs ($58.5M).

During 2018, Spain had a large net trade with Lithuania in the exports of Chemical Products ($120M), Foodstuffs ($118M), and Machines ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Spain+$52.5MRefined Petroleum
Top Product Potential Spain Lithuania+$23.9MCars

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

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

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

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