Lithuania (LTU) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Lithuania-Russia Trade: In 2023, Lithuania exported $2.32B to Russia. The main products that Lithuania exported to Russia were Wine ($211M), Perfumes ($165M), and Hard Liquor ($110M). Over the past 5 years the exports of Lithuania to Russia have increased at an annualized rate of 0.55%, from $2.25B in 2018 to $2.32B in 2023.

In 2020, Lithuania exported services to Russia worth $849M, with Transportation ($754M), Travel ($69.2M), and Other business services ($15M) being the largest in terms of value.

Russia-Lithuania Trade: In 2023, Russia exported $357M to Lithuania. The main products that Russia exported to Lithuania were Other Vegetable Residues ($51.8M), Synthetic Rubber ($35.4M), and Nitrogenous Fertilizers ($33.2M). Over the past 5 years the exports of Russia to Lithuania have decreased at an annualized rate of 25.9%, from $5.32B in 2018 to $357M in 2023.

In 2020, Russia exported services to Lithuania worth $264M, with Transportation ($168M), Computer and information services ($33.6M), and Travel ($30.7M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lithuania exported $2.32B to Russia. The main products exported from Lithuania to Russia were Wine ($211M), Perfumes ($165M), and Hard Liquor ($110M). During the last 5 years the exports of Lithuania to Russia have increased at an annualized rate of 0.55%, from $2.25B in 2018 to $2.32B in 2023.

In 2018, Russia exported $357M to Lithuania. The main products exported from Russia to Lithuania were Other Vegetable Residues ($51.8M), Synthetic Rubber ($35.4M), and Nitrogenous Fertilizers ($33.2M). During the last 5 years the exports of Russia to Lithuania have decreased at an annualized rate of 25.9%, from $5.32B in 2023 to $357M in 2018.

Exports from Lithuania () to Russia () (2023)

Exports from Russia () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Russia ()

Lithuania Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$4.44B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Lithuania than Russia included Latvia ($4.44B), Belarus ($1.84B), and Ukraine ($1.35B).

In 2023, countries that imported more from Russia than Lithuania included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Lithuania - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lithuania had a large net trade with Russia in the exports of Foodstuffs ($522M), Chemical Products ($439M), and Machines ($333M).

During 2018, Russia had a large net trade with Lithuania in the exports of Chemical Products ($82.9M), Mineral Products ($57M), and Foodstuffs ($56.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Russia+$44.2MPackaged Medicaments

Top Product Potential Russia Lithuania+$395MCrude 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.

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Bilateral Service Trade

Rus Year

Ltu Year

In 2020, Lithuania exported services to Russia worth $849M, with Transportation ($754M), Travel ($69.2M), and Other business services ($15M) being the largest in terms of value.

In 2020, Russia exported services to Lithuania worth $264M, with Transportation ($168M), Computer and information services ($33.6M), and Travel ($30.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Russia () (2023)

Exports from Russia () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Russia ()

Lithuania Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Lithuania - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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