Russia (RUS) and Lithuania (LTU) Trade

2022

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Exports $2.92BRnk 30 / 138

2022

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About

Russia-Lithuania Trade: In 2022, Russia exported $2.92B to Lithuania. The main products that Russia exported to Lithuania were Crude Petroleum ($671M), Petroleum Gas ($520M), and Refined Petroleum ($133M). Over the past 5 years the exports of Russia to Lithuania have increased at an annualized rate of 24.1%, from $991M in 2017 to $2.92B in 2022.

In 2020, Russia exported services to Lithuania worth $264M, with Transportation ($168M), Computer and information services ($33.6M), and Travel ($30.7M) being the largest in terms of value.

Lithuania-Russia Trade: In 2022, Lithuania exported $4.2B to Russia. The main products that Lithuania exported to Russia were Wine ($192M), Perfumes ($87.1M), and Beauty Products ($74M). Over the past 5 years the exports of Lithuania to Russia have increased at an annualized rate of 50.1%, from $552M in 2017 to $4.2B in 2022.

In 2020, Lithuania exported services to Russia worth $849M, with Transportation ($754M), Travel ($69.2M), and Other business services ($15M) being the largest in terms of value.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $642M and imported $52.3M from Lithuania, resulting in a positive trade balance of $590M. Between January 2021 and January 2022 the exports of Russia have increased by $356M (124%) from $286M to $642M, while imports increased by $17.5M (50.4%) from $34.8M to $52.3M.

Trade In January 2022, the top exports of Russia to Lithuania were Crude Petroleum ($100M), Commodities not elsewhere specified ($61.3M), Mixed Mineral or Chemical Fertilizers ($9.99M), Electricity ($9.99M), and Calcium Phosphates ($9.27M). In January 2022 the top imports of Russia from Lithuania were Other Fermented Beverages ($3.37M), Trailers and semi-trailers, not mechanically propelled... ($2.79M), Other Furniture ($2.61M), Raw Iron Bars ($2.08M), and Wadding ($1.45M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($232M), ST. PETERSBURG ($138M), KHANTY-MANSIYSK AUTONOMOUS AREA ($119M), TULA REGION ($21.3M), and MURMANSK REGION ($14.3M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($18.1M), KALININGRAD REGION ($8.31M), MOSCOW REGION ($7.07M), ST. PETERSBURG ($4.86M), and NIZHNY NOVGOROD REGION ($3.36M).

Growth In January 2022, the increase in Russia's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Commodities not elsewhere specified ($56M or 1.05k%), Hot-Rolled Iron Bars ($7.98M or 2.26k%), and Other Mineral ($6.33M or 455%). In January 2022, the increase in Russia's year-by-year imports from Lithuania was explained primarily by an increase in product imports in Trailers and semi-trailers, not mechanically propelled... ($2M or 251%), Other Furniture ($879k or 50.8%), and Raw Iron Bars ($800k or 62.8%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$356M(124%)

IMPORT GROWTH (January 2021 - January 2022)$17.5M(50.4%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$232M

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

To check Lithuania and Russia 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, Russia exported $2.92B to Lithuania. The main products exported from Russia to Lithuania were Crude Petroleum ($671M), Petroleum Gas ($520M), and Refined Petroleum ($133M). During the last 5 years the exports of Russia to Lithuania have increased at an annualized rate of 24.1%, from $991M in 2017 to $2.92B in 2022.

In 2017, Lithuania exported $4.2B to Russia. The main products exported from Lithuania to Russia were Wine ($192M), Perfumes ($87.1M), and Beauty Products ($74M). During the last 22 years the exports of Lithuania to Russia have increased at an annualized rate of 50.1%, from $552M in 1995 to $4.2B in 2017.

Exports from Russia () to Lithuania () (2022)

Exports from Lithuania () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Russia than Lithuania included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Lithuania than Russia included Latvia ($6.18B), Belarus ($1.5B), and Sweden ($1.79B).

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

Comparative Advantage Russia - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Lithuania in the exports of Mineral Products ($1.52B), Chemical Products ($263M), and Metals ($252M).

During 2017, Lithuania had a large net trade with Russia in the exports of Machines ($525M), Chemical Products ($516M), and Foodstuffs ($428M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Lithuania+$395MCrude Petroleum

Top Product Potential Lithuania Russia+$44.2MPackaged Medicaments

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

Rus Year

In 2020, Russia exported services to Lithuania worth $264M, with Transportation ($168M), Computer and information services ($33.6M), and Travel ($30.7M) being the largest in terms of value.

In 2020, Lithuania exported services to Russia worth $849M, with Transportation ($754M), Travel ($69.2M), and Other business services ($15M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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