Norway (NOR) and Lithuania (LTU) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Lithuania In 2021, Norway exported $539M to Lithuania. The main products that Norway exported to Lithuania are Non-fillet Fresh Fish ($255M), Non-fillet Frozen Fish ($67.1M), and Laboratory Reagents ($34.6M). During the last 26 years the exports of Norway to Lithuania have increased at an annualized rate of 11.1%, from $34.9M in 1995 to $539M in 2021.

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

Lithuania-Norway In 2021, Lithuania exported $1.17B to Norway. The main products that Lithuania exported to Norway were Other Furniture ($127M), Seats ($119M), and Rolled Tobacco ($94.5M). During the last 26 years the exports of Lithuania to Norway have increased at an annualized rate of 15%, from $30.5M in 1995 to $1.17B in 2021.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Comparison In 2021, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.91), and 62 in total exports ($40.8B).

Latest Trends

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March, 2023

About

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Overview In March 2023, Norway exported NOK1.06B and imported NOK1.15B from Lithuania, resulting in a negative trade balance of NOK91.1M. Between March 2022 and March 2023 the exports of Norway have decreased by NOK-91.8M (-7.99%) from NOK1.15B to NOK1.06B, while imports increased by NOK76.6M (7.14%) from NOK1.07B to NOK1.15B.

Trade In March 2023, the top exports of Norway to Lithuania were Fish (not marine mammals), crustaceans, molluscs... (NOK271M), Gas, natural and manufactured (NOK30.4M), Chemical materials and products, n.e.s. (NOK28.9M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK20.8M), and Furniture, and parts thereof; bedding, mattresses,... (NOK16.1M). In March 2023 the top imports of Norway from Lithuania were Furniture, and parts thereof; bedding, mattresses,... (NOK212M), Manufactures of metals, n.e.s. (NOK88M), Prefabricated buildings; sanitary, plumbing, heating and... (NOK76.6M), Miscellaneous manufactured articles, n.e.s. (NOK51.5M), and Iron and steel (NOK46.3M).

Growth In March 2023, the decrease in Norway's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-5.57M or -78.6%), Non-metallic mineral manufactures, n.e.s. (NOK-2.98M or -86.5%), and Animal oils and fats (NOK-1.99M or -70.7%). In March 2023, the increase in Norway's year-by-year imports from Lithuania was explained primarily by an increase in product imports in Manufactures of metals, n.e.s. (NOK29.5M or 50.3%), Iron and steel (NOK25.9M or 127%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK17M or 77.6%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (March 2022 - March 2023): NOK-91.8M, (-7.99%)

IMPORT GROWTH (March 2022 - March 2023): NOK76.6M, (7.14%)

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Norway exported $539M to Lithuania. The main products exported from Norway to Lithuania were Non-fillet Fresh Fish ($255M), Non-fillet Frozen Fish ($67.1M), and Laboratory Reagents ($34.6M). During the last 26 years the exports of Norway to Lithuania have increased at an annualized rate of 11.1%, from $34.9M in 1995 to $539M in 2021.

In 2021, Lithuania exported $1.17B to Norway. The main products exported from Lithuania to Norway were Other Furniture ($127M), Seats ($119M), and Rolled Tobacco ($94.5M). During the last 26 years the exports of Lithuania to Norway have increased at an annualized rate of 15%, from $30.5M in 1995 to $1.17B in 2021.

Market Competitiveness

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Color

SectionYear

Norway
Top Destination: United Kingdom, $33.5B

Lithuania
Top Destination: Russia, $4.14B

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

In 2021, countries that imported more from Norway than Lithuania were United Kingdom ($33.5B), Germany ($31.5B), and Sweden ($13.7B).

In 2021, countries that imported more from Lithuania than Norway were Russia ($4.14B), Latvia ($3.65B), and Estonia ($1.66B).

Comparative Advantage Norway - Lithuania

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Flow

Scale

Year

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

During 2021, Norway had a large net trade with Lithuania in the exports of Animal Products ($358M), Chemical Products ($52.9M), and Machines ($24.1M).

During 2021, Lithuania had a large net trade with Norway in the exports of Miscellaneous ($365M), Metals ($143M), and Foodstuffs ($137M).

Service Trade

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Bilateral Service Trade

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Ltu YearNor Year

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) 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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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 Norway has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Norway.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Lithuania

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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