Sign In
Pricing

2022
Flag → Flag
Exports $6.18BRnk 1 / 196
2022
Flag → Flag
Top Product $1.77BPetroleum Gas
2022
Flag → Flag
Exports $4.09BRnk 1 / 194
2022
Flag → Flag
Top Product $814MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC $24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186

About

Lithuania-Latvia Trade: In 2022, Lithuania exported $6.18B to Latvia. The main products that Lithuania exported to Latvia were Petroleum Gas ($1.77B), Refined Petroleum ($1.04B), and Packaged Medicaments ($175M). Over the past 5 years the exports of Lithuania to Latvia have increased at an annualized rate of 16.6%, from $2.86B in 2017 to $6.18B in 2022.

In 2020, Lithuania exported services to Latvia worth $469M, with Transportation ($212M), Other business services ($98.8M), and Travel ($60.5M) being the largest in terms of value.

Latvia-Lithuania Trade: In 2022, Latvia exported $4.09B to Lithuania. The main products that Latvia exported to Lithuania were Electricity ($814M), Milk ($221M), and Broadcasting Equipment ($215M). Over the past 5 years the exports of Latvia to Lithuania have increased at an annualized rate of 12.9%,  from $2.23B in 2017 to $4.09B in 2022.

In 2020, Latvia exported services to Lithuania worth $404M, with Transportation ($111M), Other business services ($109M), and Travel ($92.5M) 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, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $6.18B to Latvia. The main products exported from Lithuania to Latvia were Petroleum Gas ($1.77B), Refined Petroleum ($1.04B), and Packaged Medicaments ($175M). During the last 5 years the exports of Lithuania to Latvia have increased at an annualized rate of 16.6%, from $2.86B in 2017 to $6.18B in 2022.

In 2017, Latvia exported $4.09B to Lithuania. The main products exported from Latvia to Lithuania were Electricity ($814M), Milk ($221M), and Broadcasting Equipment ($215M). During the last 5 years the exports of Latvia to Lithuania have increased at an annualized rate of 12.9%, from $2.23B in 2022 to $4.09B in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Latvia (Flag)

Lithuania Exports

Latvia Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$6.18B
Latvia
Top DestinationLithuania$4.09B

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

In 2022, countries that imported more from Lithuania than Latvia included Poland ($3.91B), Germany ($3.54B), and United States ($2.6B).

In 2022, countries that imported more from Latvia than Lithuania included Finland ($1.06B), India ($302M), and China ($240M).

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

Comparative Advantage Lithuania - Latvia

Flow
Scale

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

During 2022, Lithuania had a large net trade with Latvia in the exports of Mineral Products ($2.97B), Machines ($610M), and Chemical Products ($585M).

During 2017, Latvia had a large net trade with Lithuania in the exports of Mineral Products ($1.13B), Machines ($759M), and Animal Products ($356M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Latvia+$6.13MCars
Top Product Potential Latvia Lithuania+$2.92MRefined 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

Bilateral Service Trade

In 2020, Lithuania exported services to Latvia worth $469M, with Transportation ($212M), Other business services ($98.8M), and Travel ($60.5M) being the largest in terms of value.

In 2020, Latvia exported services to Lithuania worth $404M, with Transportation ($111M), Other business services ($109M), and Travel ($92.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania (Flag) to Latvia (Flag) (2020)

Services Exports from Latvia (Flag) to Lithuania (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Lithuania (Flag) and Latvia (Flag) (2022)

Keep Exploring

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