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2022
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Exports $2.49BRnk 15 / 217
2022
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Top Product $976MElectricity
2022
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Exports $1.79BRnk 8 / 196
2022
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Top Product $211MOther Furniture
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 0.96Rnk 27 / 124
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Sweden-Lithuania In 2022, Sweden exported $2.49B to Lithuania. The main products that Sweden exported to Lithuania are Electricity ($976M), Non-fillet Fresh Fish ($232M), and Refined Petroleum ($213M). During the last 27 years the exports of Sweden to Lithuania have increased at an annualized rate of 11.8%, from $121M in 1995 to $2.49B in 2022.

In 2020, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

Lithuania-Sweden In 2022, Lithuania exported $1.79B to Sweden. The main products that Lithuania exported to Sweden were Other Furniture ($211M), Seats ($112M), and Rolled Tobacco ($84.4M). During the last 27 years the exports of Lithuania to Sweden have increased at an annualized rate of 12%, from $84.3M in 1995 to $1.79B in 2022.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Lithuania ranked 27 in the Economic Complexity Index (ECI 0.96), and 62 in total exports ($46.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK1.2B and imported SEK968M from Lithuania, resulting in a positive trade balance of SEK231M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-547M (-31.3%) from SEK1.75B to SEK1.2B, while imports decreased by SEK-342M (-26.1%) from SEK1.31B to SEK968M.

Trade In December 2023, the top exports of Sweden to Lithuania were Electricity (SEK367M), Non-fillet Fresh Fish (SEK94.5M), Non-fillet Frozen Fish (SEK42.8M), Cars (SEK42.5M), and Packaged Medicaments (SEK28.9M). In December 2023 the top imports of Sweden from Lithuania were Other Furniture (SEK124M), Insulated Wire (SEK72.8M), Seats (SEK64.7M), Nitrogenous Fertilizers (SEK47M), and Chocolate (SEK28.2M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Electricity (SEK-85.2M or -18.8%), Non-fillet Fresh Fish (SEK-40.3M or -29.9%), and Insulated Wire (SEK-8.91M or -35.2%). In December 2023, the decrease in Sweden's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Rolled Tobacco (SEK-19.4M or -75.8%), Cement Articles (SEK-10.7M or -38.9%), and Gas Turbines (SEK-10.6M or -93.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-547M(-31.3%)
IMPORT GROWTH (December 2022 - December 2023)SEK-342M(-26.1%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $2.49B to Lithuania. The main products exported from Sweden to Lithuania were Electricity ($976M), Non-fillet Fresh Fish ($232M), and Refined Petroleum ($213M). During the last 27 years the exports of Sweden to Lithuania have increased at an annualized rate of 11.8%, from $121M in 1995 to $2.49B in 2022.

In 2022, Lithuania exported $1.79B to Sweden. The main products exported from Lithuania to Sweden were Other Furniture ($211M), Seats ($112M), and Rolled Tobacco ($84.4M). During the last 27 years the exports of Lithuania to Sweden have increased at an annualized rate of 12%, from $84.3M in 1995 to $1.79B in 2022.

Exports from Sweden (Flag) to Lithuania (Flag) (2022)

Exports from Lithuania (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Lithuania
Top DestinationLatvia$6.18B

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

In 2021, countries that imported more from Sweden than Lithuania were Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

In 2021, countries that imported more from Lithuania than Sweden were Latvia ($6.18B), Russia ($2.88B), and Belarus ($1.5B).

Difference in imports from Lithuania (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Lithuania

Flow
Scale

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

During 2022, Sweden had a large net trade with Lithuania in the exports of Mineral Products ($1.19B), Animal Products ($265M), and Machines ($254M).

During 2022, Lithuania had a large net trade with Sweden in the exports of Miscellaneous ($396M), Metals ($268M), and Machines ($260M).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Lithuania (Flag) (2020)

Services Exports from Lithuania (Flag) to Sweden (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Sweden has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Sweden.

Product Space of Sweden (Flag) and Lithuania (Flag) (2022)

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