2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH
63.8%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Lithuania-Spain Trade: In 2022, Lithuania exported $729M to Spain. The main products that Lithuania exported to Spain were Wheat ($103M), Other Furniture ($94.9M), and Refined Petroleum ($80.1M). Over the past 5 years the exports of Lithuania to Spain have increased at an annualized rate of 13.9%, from $381M in 2017 to $729M in 2022.

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 2022, Spain exported $667M to Lithuania. The main products that Spain exported to Lithuania were Cars ($45.5M), Wine ($29.8M), and Packaged Medicaments ($19.6M). Over the past 5 years the exports of Spain to Lithuania have increased at an annualized rate of 2.38%,  from $579M in 2017 to $667M in 2022.

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

Comparison: In 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $729M to Spain. The main products exported from Lithuania to Spain were Wheat ($103M), Other Furniture ($94.9M), and Refined Petroleum ($80.1M). During the last 5 years the exports of Lithuania to Spain have increased at an annualized rate of 13.9%, from $381M in 2017 to $729M in 2022.

In 2017, Spain exported $667M to Lithuania. The main products exported from Spain to Lithuania were Cars ($45.5M), Wine ($29.8M), and Packaged Medicaments ($19.6M). During the last 5 years the exports of Spain to Lithuania have increased at an annualized rate of 2.38%, from $579M in 2022 to $667M in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Spain (Flag)

Lithuania Exports

Spain Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Spain
Top Destination
France$65.2B

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 2022, countries that imported more from Lithuania than Spain included Latvia ($6.18B), Estonia ($2.27B), and Russia ($2.88B).

In 2022, countries that imported more from Spain than Lithuania included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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 2022, Lithuania had a large net trade with Spain in the exports of Vegetable Products ($151M), Mineral Products ($137M), and Miscellaneous ($114M).

During 2017, Spain had a large net trade with Lithuania in the exports of Machines ($102M), Chemical Products ($101M), and Foodstuffs ($88.5M).

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) (2022)

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