Lithuania (LTU) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Lithuania-Greece Trade: In 2022, Lithuania exported $96.1M to Greece. The main products that Lithuania exported to Greece were Wadding ($9.55M), Frozen Bovine Meat ($6.79M), and Other Furniture ($6.19M). Over the past 5 years the exports of Lithuania to Greece have increased at an annualized rate of 19.9%, from $38.8M in 2017 to $96.1M in 2022.

In 2020, Lithuania exported services to Greece worth $12.9M, with Transportation ($7.65M), Computer and information services ($1.83M), and Travel ($1.48M) being the largest in terms of value.

Greece-Lithuania Trade: In 2022, Greece exported $75.9M to Lithuania. The main products that Greece exported to Lithuania were Insulated Wire ($5.87M), Pitted Fruits ($4.56M), and Raw Tobacco ($3M). Over the past 5 years the exports of Greece to Lithuania have increased at an annualized rate of 1.87%, from $69.2M in 2017 to $75.9M in 2022.

In 2020, Greece exported services to Lithuania worth $40.3M, with Transportation ($23M), Travel ($7.88M), and Computer and information services ($5.37M) being the largest in terms of value.

Comparison: In 2022, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lithuania exported $96.1M to Greece. The main products exported from Lithuania to Greece were Wadding ($9.55M), Frozen Bovine Meat ($6.79M), and Other Furniture ($6.19M). During the last 5 years the exports of Lithuania to Greece have increased at an annualized rate of 19.9%, from $38.8M in 2017 to $96.1M in 2022.

In 2017, Greece exported $75.9M to Lithuania. The main products exported from Greece to Lithuania were Insulated Wire ($5.87M), Pitted Fruits ($4.56M), and Raw Tobacco ($3M). During the last 5 years the exports of Greece to Lithuania have increased at an annualized rate of 1.87%, from $69.2M in 2022 to $75.9M in 2017.

Exports from Lithuania () to Greece () (2022)

Exports from Greece () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Greece ()

Lithuania Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$6.18B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Lithuania than Greece included Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

In 2022, countries that imported more from Greece than Lithuania included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

Difference in imports from Greece () and Lithuania () (2022)

Comparative Advantage Lithuania - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lithuania had a large net trade with Greece in the exports of Animal Products ($17.4M), Machines ($13M), and Textiles ($11.1M).

During 2017, Greece had a large net trade with Lithuania in the exports of Machines ($12.9M), Chemical Products ($11.7M), and Vegetable Products ($11.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Greece+$7.17MRefined Petroleum

Top Product Potential Greece Lithuania+$3.93MPackaged 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

Grc Year

Ltu Year

In 2020, Lithuania exported services to Greece worth $12.9M, with Transportation ($7.65M), Computer and information services ($1.83M), and Travel ($1.48M) being the largest in terms of value.

In 2020, Greece exported services to Lithuania worth $40.3M, with Transportation ($23M), Travel ($7.88M), and Computer and information services ($5.37M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Greece () 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 Greece. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Lithuania.

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Greece () (2022)

Exports from Greece () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Greece ()

Lithuania Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Lithuania () (2022)

Comparative Advantage Lithuania - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Greece () (2022)

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