2021
Flag  
GDP
$39.7BCURRENT US$
Rnk 95 / 204
2011-2021
Flag
GDP GROWTH
44.6%CURRENT US$
Rnk 71 / 204
2021
Flag
 GDP
$66.4BCURRENT US$
Rnk 79 / 204
2011-2021
Flag
GDP GROWTH
52.6%CURRENT US$
Rnk 46 / 204
2021
Flag
GDP PC 
$21,080CURRENT US$
Rnk 57 / 204
2011-2021
Flag
GDP PC GROWTH
58%CURRENT US$
Rnk 22 / 204
2021
Flag
GDP PC
$23,713CURRENT US$
Rnk 54 / 204
2011-2021
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 17 / 204

About

Latvia-Lithuania In 2021, Latvia exported $3.35B to Lithuania. The main products that Latvia exported to Lithuania are Electricity ($279M), Broadcasting Equipment ($200M), and Cars ($159M). During the last 26 years the exports of Latvia to Lithuania have increased at an annualized rate of 13.8%, from $115M in 1995 to $3.35B in 2021.

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 2021, Lithuania exported $3.65B to Latvia. The main products that Lithuania exported to Latvia were Refined Petroleum ($485M), Packaged Medicaments ($194M), and Broadcasting Equipment ($140M). During the last 26 years the exports of Lithuania to Latvia have increased at an annualized rate of 12.9%, from $157M in 1995 to $3.65B in 2021.

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 2021,  Latvia ranked 75 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.91), and 62 in total exports ($40.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Latvia exported $3.35B to Lithuania. The main products exported from Latvia to Lithuania were Electricity ($279M), Broadcasting Equipment ($200M), and Cars ($159M). During the last 26 years the exports of Latvia to Lithuania have increased at an annualized rate of 13.8%, from $115M in 1995 to $3.35B in 2021.

In 2021, Lithuania exported $3.65B to Latvia. The main products exported from Lithuania to Latvia were Refined Petroleum ($485M), Packaged Medicaments ($194M), and Broadcasting Equipment ($140M). During the last 26 years the exports of Lithuania to Latvia have increased at an annualized rate of 12.9%, from $157M in 1995 to $3.65B in 2021.

Exports from Latvia (Flag) to Lithuania (Flag) (2021)

Exports from Lithuania (Flag) to Latvia (Flag) (2021)

Latest Data

Trade between Latvia (Flag) and Lithuania (Flag)

Latvia Exports

Lithuania Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$3.35B
Lithuania
Top Destination
Russia$4.14B

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 2021, countries that imported more from Latvia than Lithuania were Estonia ($1.81B), Mauritania ($17.2M), and Dominican Republic ($14.8M).

In 2021, countries that imported more from Lithuania than Latvia were Russia ($4.14B), Poland ($3.03B), and United States ($2.39B).

Difference in imports from Lithuania (Flag) and Latvia (Flag) (2021)

Comparative Advantage Latvia - Lithuania

Flow
Scale

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

During 2021, Latvia had a large net trade with Lithuania in the exports of Machines ($735M), Mineral Products ($488M), and Chemical Products ($354M).

During 2021, Lithuania had a large net trade with Latvia in the exports of Mineral Products ($695M), Machines ($546M), and Chemical Products ($482M).

Service Trade

Bilateral Service Trade

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.

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

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

Economic Complexity

Competitive Landscape

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.

Product Space of Latvia (Flag) and Lithuania (Flag) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with