Lithuania (LTU) and Latvia (LVA) Trade | The Observatory of Economic Complexity

About

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 In N/A, Latvia did not export any products to Lithuania.

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 27 in the Economic Complexity Index (ECI 0.96), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Lithuania does not register exports to Latvia. The main products exported from Lithuania to Latvia were Petroleum Gas ($1.77B), Refined Petroleum ($1.04B), and Packaged Medicaments ($175M).

Latvia does not register exports to Lithuania. The main products exported from Latvia to Lithuania were Electricity ($814M), Milk ($221M), and Broadcasting Equipment ($215M).

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

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

Latest Data

Trade between Lithuania () and Latvia ()

Lithuania Exports

Date

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Lithuania than Latvia were Poland ($3.91B), Germany ($3.54B), and United States ($2.6B).

In 2021, countries that imported more from Latvia than Lithuania were Finland ($1.06B), India ($302M), and China ($240M).

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

Comparative Advantage Lithuania - Latvia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Service Trade

Bilateral Service Trade

Lva Year

Ltu Year

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 () to Latvia () (2020)

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

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Lithuania () and Latvia ()

Lithuania Exports

Latvia Exports

Market Competitiveness

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

Comparative Advantage Lithuania - Latvia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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