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2022
Flag → Flag
Exports $42.4MRnk 116 / 218
2022
Flag → Flag
Top Product $5.15MRubber Tires
2022
Flag → Flag
Exports $30.6MRnk 74 / 196
2022
Flag → Flag
Top Product $3.8MBroadcasting Accessories
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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 $6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 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

Thailand-Lithuania Trade: In 2022, Thailand exported $42.4M to Lithuania. The main products that Thailand exported to Lithuania were Rubber Tires ($5.15M), Glass Fibers ($4.8M), and Integrated Circuits ($3.88M). Over the past 5 years the exports of Thailand to Lithuania have increased at an annualized rate of 10.9%, from $25.3M in 2017 to $42.4M in 2022.

In 2022, Thailand did not export any services to Lithuania.

Lithuania-Thailand Trade: In 2022, Lithuania exported $30.6M to Thailand. The main products that Lithuania exported to Thailand were Broadcasting Accessories ($3.8M), Video Displays ($3.77M), and Sawn Wood ($3.44M). Over the past 5 years the exports of Lithuania to Thailand have increased at an annualized rate of 16.1%,  from $14.5M in 2017 to $30.6M in 2022.

In 2020, Lithuania exported services to Thailand worth $2.51M, with Transportation ($1.94M), Other business services ($457k), and Computer and information services ($114k) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $42.4M to Lithuania. The main products exported from Thailand to Lithuania were Rubber Tires ($5.15M), Glass Fibers ($4.8M), and Integrated Circuits ($3.88M). During the last 5 years the exports of Thailand to Lithuania have increased at an annualized rate of 10.9%, from $25.3M in 2017 to $42.4M in 2022.

In 2017, Lithuania exported $30.6M to Thailand. The main products exported from Lithuania to Thailand were Broadcasting Accessories ($3.8M), Video Displays ($3.77M), and Sawn Wood ($3.44M). During the last 5 years the exports of Lithuania to Thailand have increased at an annualized rate of 16.1%, from $14.5M in 2022 to $30.6M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Lithuania (Flag)

Thailand Exports

Lithuania Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Thailand than Lithuania included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Lithuania than Thailand included Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

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

Comparative Advantage Thailand - Lithuania

Flow
Scale

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

During 2022, Thailand had a large net trade with Lithuania in the exports of Machines ($13.3M), Plastics and Rubbers ($11.9M), and Stone And Glass ($5.02M).

During 2017, Lithuania had a large net trade with Thailand in the exports of Machines ($11.4M), Wood Products ($3.64M), and Metals ($3.42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Lithuania+$4.29MIntegrated Circuits
Top Product Potential Lithuania Thailand+$5.08MTelephones

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

In 2020, Lithuania exported services to Thailand worth $2.51M, with Transportation ($1.94M), Other business services ($457k), and Computer and information services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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