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

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Norway-Lithuania In 2022, Norway exported $2.55B to Lithuania. The main products that Norway exported to Lithuania are Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). During the last 27 years the exports of Norway to Lithuania have increased at an annualized rate of 17.1%, from $35.6M in 1995 to $2.55B in 2022.

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 2022, Lithuania exported $1.23B to Norway. The main products that Lithuania exported to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). During the last 27 years the exports of Lithuania to Norway have increased at an annualized rate of 14.6%, from $31.2M in 1995 to $1.23B in 2022.

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 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Lithuania ranked 27 in the Economic Complexity Index (ECI 0.96), and 62 in total exports ($46.9B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK1.74B and imported NOK974M from Lithuania, resulting in a positive trade balance of NOK761M. Between February 2023 and February 2024 the exports of Norway have increased by NOK231M (15.4%) from NOK1.5B to NOK1.74B, while imports increased by NOK67.5M (7.45%) from NOK907M to NOK974M.

Trade In February 2024, the top exports of Norway to Lithuania were Gas, natural and manufactured (NOK2.85B), Petroleum, petroleum products and related materials (NOK608M), Fish (not marine mammals), crustaceans, molluscs... (NOK259M), Medicinal and pharmaceutical products (NOK39.4M), and Plastics in primary forms (NOK15.4M). In February 2024 the top imports of Norway from Lithuania were Furniture, and parts thereof; bedding, mattresses,... (NOK248M), Manufactures of metals, n.e.s. (NOK103M), Fixed vegetable fats and oils, crude,... (NOK101M), Prefabricated buildings; sanitary, plumbing, heating and... (NOK62.6M), and Cork and wood manufactures (excluding furniture) (NOK56.2M).

Growth In February 2024, the increase in Norway's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Gas, natural and manufactured (NOK2.82B or 9.29k%), Petroleum, petroleum products and related materials (NOK607M or 127k%), and Medicinal and pharmaceutical products (NOK26.4M or 203%). In February 2024, the increase in Norway's year-by-year imports from Lithuania was explained primarily by an increase in product imports in Fixed vegetable fats and oils, crude,... (NOK101M or 479k%), Furniture, and parts thereof; bedding, mattresses,... (NOK36.4M or 17.2%), and Manufactures of metals, n.e.s. (NOK15.5M or 17.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK231M(15.4%)

IMPORT GROWTH (February 2023 - February 2024)NOK67.5M(7.45%)

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

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $2.55B to Lithuania. The main products exported from Norway to Lithuania were Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). During the last 27 years the exports of Norway to Lithuania have increased at an annualized rate of 17.1%, from $35.6M in 1995 to $2.55B in 2022.

In 2022, Lithuania exported $1.23B to Norway. The main products exported from Lithuania to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). During the last 27 years the exports of Lithuania to Norway have increased at an annualized rate of 14.6%, from $31.2M in 1995 to $1.23B in 2022.

Exports from Norway () to Lithuania () (2022)

Exports from Lithuania () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Lithuania
Top DestinationLatvia$6.18B

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 Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Lithuania than Norway were Latvia ($6.18B), Russia ($2.88B), and Estonia ($2.27B).

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

Comparative Advantage Norway - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Lithuania in the exports of Mineral Products ($1.93B), Animal Products ($408M), and Plastics and Rubbers ($56.2M).

During 2022, Lithuania had a large net trade with Norway in the exports of Miscellaneous ($371M), Metals ($190M), and Machines ($111M).

Service Trade

Bilateral Service Trade

Ltu Year

Nor 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.

Services Exports from Norway () to Lithuania () (2009)

Services Exports from Lithuania () to Norway () (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 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

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Lithuania () (2022)

Exports from Lithuania () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Lithuania

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Lithuania () (2009)

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

Economic Complexity

Competitive Landscape

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

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