Lithuania (LTU) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Lithuania-Italy Trade: In 2023, Lithuania exported $976M to Italy. The main products that Lithuania exported to Italy were Cheese ($125M), Dried/Salted/Smoked/Brined Fish ($109M), and Other Furniture ($77.9M). Over the past 5 years the exports of Lithuania to Italy have increased at an annualized rate of 8.01%, from $664M in 2018 to $976M in 2023.

In 2020, Lithuania exported services to Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

Italy-Lithuania Trade: In 2023, Italy exported $1.7B to Lithuania. The main products that Italy exported to Lithuania were Wine ($86.4M), Perfumes ($53.4M), and Packaged Medicaments ($51.7M). Over the past 5 years the exports of Italy to Lithuania have increased at an annualized rate of 0.23%, from $1.68B in 2018 to $1.7B in 2023.

In 2020, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) being the largest in terms of value.

Comparison: In 2023, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lithuania exported $976M to Italy. The main products exported from Lithuania to Italy were Cheese ($125M), Dried/Salted/Smoked/Brined Fish ($109M), and Other Furniture ($77.9M). During the last 5 years the exports of Lithuania to Italy have increased at an annualized rate of 8.01%, from $664M in 2018 to $976M in 2023.

In 2018, Italy exported $1.7B to Lithuania. The main products exported from Italy to Lithuania were Wine ($86.4M), Perfumes ($53.4M), and Packaged Medicaments ($51.7M). During the last 5 years the exports of Italy to Lithuania have increased at an annualized rate of 0.23%, from $1.68B in 2023 to $1.7B in 2018.

Exports from Lithuania () to Italy () (2023)

Exports from Italy () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Italy ()

Lithuania Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$4.44B

Italy
Top DestinationGermany$71.4B

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

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

In 2023, countries that imported more from Italy than Lithuania included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

Difference in imports from Italy () and Lithuania () (2023)

Comparative Advantage Lithuania - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lithuania had a large net trade with Italy in the exports of Animal Products ($270M), Machines ($107M), and Textiles ($103M).

During 2018, Italy had a large net trade with Lithuania in the exports of Machines ($373M), Chemical Products ($227M), and Foodstuffs ($198M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Italy+$18.7MOther Furniture

Top Product Potential Italy Lithuania+$34.2MPackaged 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

Ita Year

Ltu Year

In 2020, Lithuania exported services to Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

In 2020, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Italy () (2023)

Exports from Italy () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Italy ()

Lithuania Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Lithuania () (2023)

Comparative Advantage Lithuania - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Italy () (2023)

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