Flag Latvia / Lithuania Flag

2020
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Exports
: $2.47B, Rnk 1 / 193

2020
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Top Product
: $168M, Broadcasting Equipment

2020
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Exports
: $2.95B, Rnk 2 / 195

2020
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Top Product
: $330M, Refined Petroleum

2020
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Economic Complexity (ECI)
: ECI 0.89, Rnk 31 / 127

2020
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GDP
: $33.7B, CURRENT US$
Rnk 96 / 195

2010-2020
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GDP GROWTH
: 40.7%, CURRENT US$
Rnk 74 / 195

2020
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 GDP
: $56.5B, CURRENT US$
Rnk 82 / 195

2010-2020
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GDP GROWTH
: 52.3%, CURRENT US$
Rnk 53 / 195

2020
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GDP PC 
: $17,726, CURRENT US$
Rnk 49 / 195

2010-2020
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GDP PC GROWTH
: 55.2%, CURRENT US$
Rnk 26 / 195

2020
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GDP PC
: $20,234, CURRENT US$
Rnk 45 / 195

2010-2020
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GDP PC GROWTH
: 68.8%, CURRENT US$
Rnk 19 / 195

Latvia-Lithuania In 2020, Latvia exported $2.47B to Lithuania. The main products that Latvia exported to Lithuania are Broadcasting Equipment ($168M), Milk ($121M), and Video Displays ($115M). During the last 25 years the exports of Latvia to Lithuania have increased at an annualized rate of 13.1%, from $115M in 1995 to $2.47B in 2020.

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.

Lithuania-Latvia In 2020, Lithuania exported $2.95B to Latvia. The main products that Lithuania exported to Latvia were Refined Petroleum ($330M), Broadcasting Equipment ($174M), and Packaged Medicaments ($171M). During the last 25 years the exports of Lithuania to Latvia have increased at an annualized rate of 12.4%, from $158M in 1995 to $2.95B in 2020.

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.

Comparison In 2020,  Latvia ranked 74 in total exports ($16.1B), and does not have data regarding Economic Complexity Index. That same year, Lithuania ranked 31 in the Economic Complexity Index (ECI 0.89), and 58 in total exports ($33.3B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Latvia exported $2.47B to Lithuania. The main products exported from Latvia to Lithuania were Broadcasting Equipment ($168M), Milk ($121M), and Video Displays ($115M). During the last 25 years the exports of Latvia to Lithuania have increased at an annualized rate of 13.1%, from $115M in 1995 to $2.47B in 2020.

In 2020, Lithuania exported $2.95B to Latvia. The main products exported from Lithuania to Latvia were Refined Petroleum ($330M), Broadcasting Equipment ($174M), and Packaged Medicaments ($171M). During the last 25 years the exports of Lithuania to Latvia have increased at an annualized rate of 12.4%, from $158M in 1995 to $2.95B in 2020.

Latvia Exports

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Lithuania Exports

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Market Competitiveness

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Measure

Latvia
Top Destination
: Lithuania, $2.47B

Lithuania
Top Destination
: Russia, $4.09B

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

In 2019, countries that imported more from Latvia than Lithuania were Estonia ($1.59B), Pakistan ($46.7M), and Morocco ($79.7M).

In 2019, countries that imported more from Lithuania than Latvia were Russia ($4.09B), Germany ($2.58B), and Poland ($2B).

Comparative Advantage Latvia - Lithuania

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Flow

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

During 2020, Latvia had a large net trade with Lithuania in the exports of Machines ($616M), Chemical Products ($281M), and Foodstuffs ($246M).

During 2020, Lithuania had a large net trade with Latvia in the exports of Machines ($497M), Mineral Products ($444M), and Chemical Products ($345M).

Bilateral Service Trade

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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.

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.

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 yellow.  This mean that the more blue a dot/product is, the more Latvia has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Latvia.