2023
Flag  
GDP
$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH
72.3%CURRENT US$
Rnk 39 / 195
2023
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 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
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
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Lithuania-Hong Kong Trade: In 2023, Lithuania exported $54.3M to Hong Kong. The main products that Lithuania exported to Hong Kong were Beauty Products ($5M), Cars ($3.49M), and Packaged Medicaments ($2.13M). Over the past 5 years the exports of Lithuania to Hong Kong have increased at an annualized rate of 2.51%, from $48M in 2018 to $54.3M in 2023.

In 2020, Lithuania exported services to Hong Kong worth $8.91M, with Transportation ($5.03M), Other business services ($1.71M), and Computer and information services ($1.48M) being the largest in terms of value.

Hong Kong-Lithuania Trade: In 2023, Hong Kong exported $20.5M to Lithuania. The main products that Hong Kong exported to Lithuania were Computers ($2.33M), Aluminium Bars ($1.9M), and Medical Instruments ($1.21M). Over the past 5 years the exports of Hong Kong to Lithuania have increased at an annualized rate of 1.09%,  from $19.2M in 2018 to $20.5M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $54.3M to Hong Kong. The main products exported from Lithuania to Hong Kong were Beauty Products ($5M), Cars ($3.49M), and Packaged Medicaments ($2.13M). During the last 5 years the exports of Lithuania to Hong Kong have increased at an annualized rate of 2.51%, from $48M in 2018 to $54.3M in 2023.

In 2018, Hong Kong exported $20.5M to Lithuania. The main products exported from Hong Kong to Lithuania were Computers ($2.33M), Aluminium Bars ($1.9M), and Medical Instruments ($1.21M). During the last 5 years the exports of Hong Kong to Lithuania have increased at an annualized rate of 1.09%, from $19.2M in 2023 to $20.5M in 2018.

Exports from Lithuania (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Lithuania (Flag) (2023)

Latest Data

Trade between Lithuania (Flag) and Hong Kong (Flag)

Lithuania Exports

Hong Kong Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$4.44B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Lithuania than Hong Kong included Latvia ($4.44B), Poland ($3.37B), and Belarus ($1.84B).

In 2023, countries that imported more from Hong Kong than Lithuania included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Lithuania (Flag) (2023)

Comparative Advantage Lithuania - Hong Kong

Flow
Scale

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

During 2023, Lithuania had a large net trade with Hong Kong in the exports of Machines ($13.2M), Chemical Products ($10.8M), and Instruments ($7.87M).

During 2018, Hong Kong had a large net trade with Lithuania in the exports of Machines ($7.09M), Instruments ($4.38M), and Metals ($3.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Hong Kong+$7.86MComputers
Top Product Potential Hong Kong Lithuania+$4.43MComputers

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 Hong Kong. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Lithuania.

Product Space of Lithuania (Flag) and Hong Kong (Flag) (2023)

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