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2023
Flag → Flag
Exports $134MRnk 44 / 196
2023
Flag → Flag
Top Product $31.2MPolyacetals
2023
Flag → Flag
Exports $120MRnk 50 / 211
2023
Flag → Flag
Top Product $21.3MWine
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $27,786CURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Lithuania-Portugal Trade: In 2023, Lithuania exported $134M to Portugal. The main products that Lithuania exported to Portugal were Polyacetals ($31.2M), Barley ($14.4M), and Navigation Equipment ($6.62M). Over the past 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.66%, from $92.6M in 2018 to $134M in 2023.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Portugal-Lithuania Trade: In 2023, Portugal exported $120M to Lithuania. The main products that Portugal exported to Lithuania were Wine ($21.3M), Polycarboxylic Acids ($11.4M), and Amine Compounds ($7.04M). Over the past 5 years the exports of Portugal to Lithuania have decreased at an annualized rate of 0.014%,  from $121M in 2018 to $120M in 2023.

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $134M to Portugal. The main products exported from Lithuania to Portugal were Polyacetals ($31.2M), Barley ($14.4M), and Navigation Equipment ($6.62M). During the last 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.66%, from $92.6M in 2018 to $134M in 2023.

In 2018, Portugal exported $120M to Lithuania. The main products exported from Portugal to Lithuania were Wine ($21.3M), Polycarboxylic Acids ($11.4M), and Amine Compounds ($7.04M). During the last 5 years the exports of Portugal to Lithuania have decreased at an annualized rate of 0.014%, from $121M in 2023 to $120M in 2018.

Exports from Lithuania (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Lithuania (Flag) (2023)

Latest Data

Trade between Lithuania (Flag) and Portugal (Flag)

Lithuania Exports

Portugal Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$4.44B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Lithuania than Portugal included Latvia ($4.44B), Russia ($2.32B), and Poland ($3.37B).

In 2023, countries that imported more from Portugal than Lithuania included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal (Flag) and Lithuania (Flag) (2023)

Comparative Advantage Lithuania - Portugal

Flow
Scale

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

During 2023, Lithuania had a large net trade with Portugal in the exports of Plastics and Rubbers ($36M), Machines ($20.9M), and Vegetable Products ($17.5M).

During 2018, Portugal had a large net trade with Lithuania in the exports of Foodstuffs ($28.4M), Chemical Products ($22.2M), and Textiles ($15.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Portugal+$4.44MRefined Petroleum
Top Product Potential Portugal Lithuania+$2.07MPackaged 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

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Lithuania (Flag) and Portugal (Flag) (2023)

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