Portugal (PRT) and Lithuania (LTU) Trade | OEC - The Observatory of Economic Complexity

About

Portugal-Lithuania In 2021, Portugal exported $138M to Lithuania. The main products that Portugal exported to Lithuania are Polycarboxylic Acids ($64M), Wine ($7.57M), and Uncoated Paper ($4.67M). During the last 26 years the exports of Portugal to Lithuania have increased at an annualized rate of 7.81%, from $19.5M in 1995 to $138M in 2021.

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Lithuania-Portugal In 2021, Lithuania exported $112M to Portugal. The main products that Lithuania exported to Portugal were Polyacetals ($21.7M), Wheat ($9.99M), and Navigation Equipment ($6.56M). During the last 26 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.01%, from $19.2M in 1995 to $112M in 2021.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Comparison In 2021, Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B). 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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February, 2023

About

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Overview In February 2023, Portugal exported €9.84M and imported €6.78M from Lithuania, resulting in a positive trade balance of €3.06M. Between February 2022 and February 2023 the exports of Portugal have decreased by €-3.63M (-26.9%) from €13.5M to €9.84M, while imports decreased by €-79.4k (-1.16%) from €6.86M to €6.78M.

Trade In February 2023, the top exports of Portugal to Lithuania were Organic chemicals (€1.78M), Paper articles (€747k), Plastics & articles thereof (€586k), Cars, tractors, trucks & parts thereof. (€571k), and Wadding, felt, nonwovens, twin, ropes, &... (€387k). In February 2023 the top imports of Portugal from Lithuania were Plastics & articles thereof (€3.01M), Cars, tractors, trucks & parts thereof. (€1.06M), Machinery, mechanical appliances, & parts (€757k), Optical, photo, & film equipment; medical... (€651k), and Furniture, bedding, lamps, & prefab buildings (€392k).

Growth In February 2023, the decrease in Portugal's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Wood pulp & paper scrap (€-1.23M or -100%), Organic chemicals (€-397k or -18.2%), and Man-made staple fibres (€-118k or -43.6%). In February 2023, the decrease in Portugal's year-by-year imports from Lithuania was explained primarily by an decrease in product imports in Electrical machinery and electronics (€-122k or -26.6%), Iron or steel articles (€-78.2k or -91.2%), and Miscellaneous edible preparations (€-49.9k or -52.7%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €-3.63M, (-26.9%)

IMPORT GROWTH (February 2022 - February 2023): €-79.4k, (-1.16%)

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

To check Lithuania and Portugal 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, Portugal exported $138M to Lithuania. The main products exported from Portugal to Lithuania were Polycarboxylic Acids ($64M), Wine ($7.57M), and Uncoated Paper ($4.67M). During the last 26 years the exports of Portugal to Lithuania have increased at an annualized rate of 7.81%, from $19.5M in 1995 to $138M in 2021.

In 2021, Lithuania exported $112M to Portugal. The main products exported from Lithuania to Portugal were Polyacetals ($21.7M), Wheat ($9.99M), and Navigation Equipment ($6.56M). During the last 26 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.01%, from $19.2M in 1995 to $112M in 2021.

Market Competitiveness

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Color

SectionYear

Portugal
Top Destination: Spain, $19.3B

Lithuania
Top Destination: Russia, $4.14B

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

In 2021, countries that imported more from Portugal than Lithuania were Spain ($19.3B), France ($9.33B), and Germany ($8.13B).

In 2021, countries that imported more from Lithuania than Portugal were Russia ($4.14B), Latvia ($3.65B), and Poland ($3.03B).

Comparative Advantage Portugal - Lithuania

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Flow

Scale

Year

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

During 2021, Portugal had a large net trade with Lithuania in the exports of Chemical Products ($67.7M), Textiles ($16.6M), and Paper Goods ($9.89M).

During 2021, Lithuania had a large net trade with Portugal in the exports of Plastics and Rubbers ($27.6M), Machines ($18.9M), and Vegetable Products ($10.7M).

Service Trade

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Bilateral Service Trade

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Ltu YearPrt Year

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) 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 Portugal has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Portugal - Lithuania

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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