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

About

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

#

Bilateral Trade by Products

#

Depth

Value

Year

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.

Latest Data

#

Latvia Exports

#

Date

Lithuania Exports

#

Date

Market Competitiveness

#

Measure

SectionYear

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

#

Flow

Scale

Year

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).

Service Trade

#

Bilateral Service Trade

#

Ltu YearLva Year

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

#

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Latvia Exports

Lithuania Exports

Market Competitiveness

Comparative Advantage Latvia - Lithuania

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles