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

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Latvia-Lithuania In 2022, Latvia exported $4.09B to Lithuania. The main products that Latvia exported to Lithuania are Electricity ($814M), Milk ($221M), and Broadcasting Equipment ($215M). During the last 27 years the exports of Latvia to Lithuania have increased at an annualized rate of 14.1%, from $115M in 1995 to $4.09B in 2022.

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 2022, Lithuania exported $6.18B to Latvia. The main products that Lithuania exported to Latvia were Petroleum Gas ($1.77B), Refined Petroleum ($1.04B), and Packaged Medicaments ($175M). During the last 27 years the exports of Lithuania to Latvia have increased at an annualized rate of 14.4%, from $162M in 1995 to $6.18B in 2022.

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 2022, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $4.09B to Lithuania. The main products exported from Latvia to Lithuania were Electricity ($814M), Milk ($221M), and Broadcasting Equipment ($215M). During the last 27 years the exports of Latvia to Lithuania have increased at an annualized rate of 14.1%, from $115M in 1995 to $4.09B in 2022.

In 2022, Lithuania exported $6.18B to Latvia. The main products exported from Lithuania to Latvia were Petroleum Gas ($1.77B), Refined Petroleum ($1.04B), and Packaged Medicaments ($175M). During the last 27 years the exports of Lithuania to Latvia have increased at an annualized rate of 14.4%, from $162M in 1995 to $6.18B in 2022.

Exports from Latvia () to Lithuania () (2022)

Exports from Lithuania () to Latvia () (2022)

Latest Data

Trade between Latvia () and Lithuania ()

Latvia Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Lithuania
Top DestinationLatvia$6.18B

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 Finland ($1.06B), India ($302M), and China ($240M).

In 2021, countries that imported more from Lithuania than Latvia were Poland ($3.91B), Germany ($3.54B), and United States ($2.6B).

Difference in imports from Lithuania () and Latvia () (2022)

Comparative Advantage Latvia - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Lithuania in the exports of Mineral Products ($1.13B), Machines ($759M), and Animal Products ($356M).

During 2022, Lithuania had a large net trade with Latvia in the exports of Mineral Products ($2.97B), Machines ($610M), and Chemical Products ($585M).

Service Trade

Bilateral Service Trade

Ltu Year

Lva 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.

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

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

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

Exports from Latvia () to Lithuania () (2022)

Exports from Lithuania () to Latvia () (2022)

Latest Data

Trade between Latvia () and Lithuania ()

Latvia Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Latvia () (2022)

Comparative Advantage Latvia - Lithuania

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

Product Space of Latvia () and Lithuania () (2022)

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