2023
Flag  
GDP
$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH
72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 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
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Lithuania-India Trade: In 2023, Lithuania exported $120M to India. The main products that Lithuania exported to India were Scrap Iron ($32.1M), Semiconductor Devices ($6.15M), and Dried Legumes ($4.54M). Over the past 5 years the exports of Lithuania to India have decreased at an annualized rate of 6.19%, from $166M in 2018 to $120M in 2023.

In 2020, Lithuania exported services to India worth $11.5M, with Computer and information services ($7.65M), Personal, cultural, and recreational services ($1.6M), and Travel ($1.37M) being the largest in terms of value.

India-Lithuania Trade: In 2023, India exported $164M to Lithuania. The main products that India exported to Lithuania were Insulated Wire ($10M), Air Pumps ($8.63M), and Fish Fillets ($8.21M). Over the past 5 years the exports of India to Lithuania have increased at an annualized rate of 16.1%,  from $77.7M in 2018 to $164M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $120M to India. The main products exported from Lithuania to India were Scrap Iron ($32.1M), Semiconductor Devices ($6.15M), and Dried Legumes ($4.54M). During the last 5 years the exports of Lithuania to India have decreased at an annualized rate of 6.19%, from $166M in 2018 to $120M in 2023.

In 2018, India exported $164M to Lithuania. The main products exported from India to Lithuania were Insulated Wire ($10M), Air Pumps ($8.63M), and Fish Fillets ($8.21M). During the last 5 years the exports of India to Lithuania have increased at an annualized rate of 16.1%, from $77.7M in 2023 to $164M in 2018.

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

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

Latest Data

Trade between Lithuania (Flag) and India (Flag)

Lithuania Exports

India Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$4.44B
India
Top Destination
United States$85.5B

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

In 2023, countries that imported more from Lithuania than India included Latvia ($4.44B), Belarus ($1.84B), and Estonia ($1.4B).

In 2023, countries that imported more from India than Lithuania included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Lithuania - India

Flow
Scale

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

During 2023, Lithuania had a large net trade with India in the exports of Metals ($42.2M), Machines ($23.8M), and Instruments ($9.8M).

During 2018, India had a large net trade with Lithuania in the exports of Machines ($33.6M), Textiles ($23.8M), and Metals ($20.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania India+$17.3MNitrogenous Fertilizers
Top Product Potential India Lithuania+$70.9MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with