Flag Lithuania / Latvia Flag

2019
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Exports
: $2.95B, Rnk 2 / 192

2019
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Top Product
: $545M, Refined Petroleum

2019
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Exports
: $2.41B, Rnk 1 / 196

2019
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Top Product
: $173M, Electricity

2019
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Economic Complexity (ECI)
: ECI 0.97, Rnk 32 / 146

2019
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Economic Complexity (ECI)
: ECI 0.88, Rnk 35 / 146

2019
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GDP
: $54.6B, CURRENT US$
Rnk 82 / 187

2009-2019
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GDP GROWTH
: 46.1%, CURRENT US$
Rnk 100 / 187

2019
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 GDP
: $34.1B, CURRENT US$
Rnk 97 / 187

2009-2019
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GDP GROWTH
: 29.6%, CURRENT US$
Rnk 127 / 187

2019
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GDP PC 
: $19,602, CURRENT US$
Rnk 46 / 187

2009-2019
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GDP PC GROWTH
: 65.8%, CURRENT US$
Rnk 39 / 187

2019
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GDP PC
: $17,829, CURRENT US$
Rnk 50 / 187

2009-2019
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GDP PC GROWTH
: 45.1%, CURRENT US$
Rnk 65 / 187

Lithuania-Latvia In 2019, Lithuania exported $2.95B to Latvia. The main products that Lithuania exported to Latvia are Refined Petroleum ($545M), Packaged Medicaments ($177M), and Broadcasting Equipment ($93.2M). During the last 24 years the exports of Lithuania to Latvia have increased at an annualized rate of 13.1%, from $153M in 1995 to $2.95B in 2019.

In 2018, Lithuania exported services to Latvia worth $526M, with Transportation ($234M), Travel ($130M), and Other business services ($91.1M) being the largest in terms of value.

Latvia-Lithuania In 2019, Latvia exported $2.41B to Lithuania . The main products that Latvia exported to Lithuania were Electricity ($173M), Cars ($155M), and Broadcasting Equipment ($151M). During the last 24 years the exports of Latvia to Lithuania have increased at an annualized rate of 14.1%, from $101M in 1995 to $2.41B in 2019.

In 2018, Latvia exported services to Lithuania worth $371M, with Transportation ($108M), Travel ($100M), and Construction services ($67.2M) being the largest in terms of value.

Comparison In 2019,  Lithuania ranked 32 in the Economic Complexity Index (ECI 0.97), and 64 in total exports ($32.7B). That same year, Latvia ranked 35 in the Economic Complexity Index (ECI 0.88), and 79 in total exports ($15.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Lithuania exported $2.95B to Latvia. The main products exported from Lithuania to Latvia were Refined Petroleum ($545M), Packaged Medicaments ($177M), and Broadcasting Equipment ($93.2M). During the last 24 years the exports of Lithuania to Latvia have increased at an annualized rate of 13.1%, from $153M in 1995 to $2.95B in 2019.

In 2019, Latvia exported $2.41B to Lithuania. The main products exported from Latvia to Lithuania were Electricity ($173M), Cars ($155M), and Broadcasting Equipment ($151M). During the last 24 years the exports of Latvia to Lithuania have increased at an annualized rate of 14.1%, from $101M in 1995 to $2.41B in 2019.

Lithuania Exports

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Latvia Exports

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Market Competitiveness

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Measure

Lithuania
Top Destination
: Russia, $4.27B

Latvia
Top Destination
: Lithuania, $2.41B

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 2019, countries that imported more from Lithuania than Latvia were Russia ($4.27B), Poland ($2.49B), and Germany ($2.41B).

In 2019, countries that imported more from Latvia than Lithuania were Nigeria ($155M), South Korea ($118M), and Cote d'Ivoire ($42.8M).

Comparative Advantage Lithuania - Latvia

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Depth

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

During 2019, Lithuania had a large net trade with Latvia in the exports of Mineral Products ($694M), Machines ($396M), and Chemical Products ($331M).

During 2019, Latvia had a large net trade with Lithuania in the exports of Machines ($494M), Mineral Products ($283M), and Chemical Products ($264M).

Bilateral Service Trade

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In 2018, Lithuania exported services to Latvia worth $526M, with Transportation ($234M), Travel ($130M), and Other business services ($91.1M) being the largest in terms of value.

In 2018, Latvia exported services to Lithuania worth $371M, with Transportation ($108M), Travel ($100M), and Construction services ($67.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Lithuania has comparative advantage over Latvia. Similarly, the more red a dot/product is, the more Latvia has comparative advantage over Lithuania.