2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Lithuania-India Trade: In 2022, Lithuania exported $164M to India. The main products that Lithuania exported to India were Potassic Fertilizers ($39.6M), Seed Oils ($22.7M), and Nitrogenous Fertilizers ($10.4M). Over the past 5 years the exports of Lithuania to India have decreased at an annualized rate of 3.09%, from $192M in 2017 to $164M in 2022.

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 2022, India exported $302M to Lithuania. The main products that India exported to Lithuania were Refined Petroleum ($58.9M), Broadcasting Equipment ($44.4M), and Integrated Circuits ($29.2M). Over the past 5 years the exports of India to Lithuania have increased at an annualized rate of 27.4%,  from $90M in 2017 to $302M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $164M to India. The main products exported from Lithuania to India were Potassic Fertilizers ($39.6M), Seed Oils ($22.7M), and Nitrogenous Fertilizers ($10.4M). During the last 5 years the exports of Lithuania to India have decreased at an annualized rate of 3.09%, from $192M in 2017 to $164M in 2022.

In 2017, India exported $302M to Lithuania. The main products exported from India to Lithuania were Refined Petroleum ($58.9M), Broadcasting Equipment ($44.4M), and Integrated Circuits ($29.2M). During the last 5 years the exports of India to Lithuania have increased at an annualized rate of 27.4%, from $90M in 2022 to $302M in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and India (Flag)

Lithuania Exports

India Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
India
Top Destination
United States$82.9B

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 2022, countries that imported more from Lithuania than India included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

In 2022, countries that imported more from India than Lithuania included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

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

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 2022, Lithuania had a large net trade with India in the exports of Chemical Products ($56.3M), Animal and Vegetable Bi-Products ($22.7M), and Machines ($15.8M).

During 2017, India had a large net trade with Lithuania in the exports of Machines ($87.3M), Mineral Products ($59.3M), and Textiles ($25.6M).

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.

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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) (2022)

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