Netherlands (NLD) and Lithuania (LTU) Trade

2022

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Exports $1.41BRnk 38 / 224

2022

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About

Netherlands-Lithuania Trade: In 2022, Netherlands exported $1.41B to Lithuania. The main products that Netherlands exported to Lithuania were Refined Petroleum ($161M), Polycarboxylic Acids ($98.2M), and Packaged Medicaments ($69.7M). Over the past 5 years the exports of Netherlands to Lithuania have increased at an annualized rate of 65.3%, from $114M in 2017 to $1.41B in 2022.

In 2020, Netherlands exported services to Lithuania worth $321M, with Transportation ($130M), Other business services ($78M), and Travel ($60.9M) being the largest in terms of value.

Lithuania-Netherlands Trade: In 2022, Lithuania exported $1.07B to Netherlands. The main products that Lithuania exported to Netherlands were Refined Petroleum ($400M), Rolled Tobacco ($273M), and Other Plastic Products ($211M). Over the past 5 years the exports of Lithuania to Netherlands have increased at an annualized rate of 37.9%, from $214M in 2017 to $1.07B in 2022.

In 2020, Lithuania exported services to Netherlands worth $685M, with Transportation ($485M), Other business services ($127M), and Construction services ($34.6M) being the largest in terms of value.

Comparison: In 2022, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €212M and imported €241M from Lithuania, resulting in a negative trade balance of €29M. Between October 2021 and October 2022 the exports of Netherlands have increased by €93M (78.2%) from €119M to €212M, while imports increased by €83M (52.5%) from €158M to €241M.

Trade In October 2022, the top exports of Netherlands to Lithuania were Road motor vehicles, n.e.s. (€9M), Polyacetals, other polyethers and epoxide resins,... (€8M), Medicaments (including veterinary medicaments) (€5M), Fruit and nuts (not including oil... (€4M), and Feeding stuff for animals (not including... (€4M). In October 2022 the top imports of Netherlands from Lithuania were Miscellaneous chemical products, n.e.s. (€41M), Tobacco, manufactured (whether or not containing... (€16M), Furniture and parts thereof; bedding, mattresses,... (€9M), Oil-seeds and oleaginous fruits of a... (€7M), and Motor cycles (including mopeds) and cycles,... (€7M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Road motor vehicles, n.e.s. (€6M or 200%), Alcohols, phenols, phenol-alcohols, and their halogenated,... (€3M or 300%), and Feeding stuff for animals (not including... (€2M or 100%). In October 2022, the increase in Netherlands's year-by-year imports from Lithuania was explained primarily by an increase in product imports in Miscellaneous chemical products, n.e.s. (€35M or 583%), Tobacco, manufactured (whether or not containing... (€9M or 129%), and Motor cycles (including mopeds) and cycles,... (€4M or 133%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€93M(78.2%)

IMPORT GROWTH (October 2021 - October 2022)€83M(52.5%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Lithuania and Netherlands trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Netherlands exported $1.41B to Lithuania. The main products exported from Netherlands to Lithuania were Refined Petroleum ($161M), Polycarboxylic Acids ($98.2M), and Packaged Medicaments ($69.7M). During the last 5 years the exports of Netherlands to Lithuania have increased at an annualized rate of 65.3%, from $114M in 2017 to $1.41B in 2022.

In 2017, Lithuania exported $1.07B to Netherlands. The main products exported from Lithuania to Netherlands were Refined Petroleum ($400M), Rolled Tobacco ($273M), and Other Plastic Products ($211M). During the last 22 years the exports of Lithuania to Netherlands have increased at an annualized rate of 37.9%, from $214M in 1995 to $1.07B in 2017.

Exports from Netherlands () to Lithuania () (2022)

Exports from Lithuania () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Netherlands than Lithuania included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Lithuania than Netherlands included Latvia ($6.18B), Belarus ($1.5B), and Estonia ($2.27B).

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

Comparative Advantage Netherlands - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Lithuania in the exports of Machines ($487M), Chemical Products ($436M), and Vegetable Products ($261M).

During 2017, Lithuania had a large net trade with Netherlands in the exports of Mineral Products ($430M), Foodstuffs ($365M), and Chemical Products ($340M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Lithuania+$32.8MRefined Petroleum

Top Product Potential Lithuania Netherlands+$96.6MRefined 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

Ltu Year

Nld Year

In 2020, Netherlands exported services to Lithuania worth $321M, with Transportation ($130M), Other business services ($78M), and Travel ($60.9M) being the largest in terms of value.

In 2020, Lithuania exported services to Netherlands worth $685M, with Transportation ($485M), Other business services ($127M), and Construction services ($34.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Netherlands and Lithuania. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Netherlands.

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

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