United States (USA) and Lithuania (LTU) Trade

2022

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Exports $3.31BRnk 55 / 219

2022

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About

United States-Lithuania In 2022, United States exported $3.31B to Lithuania. The main products that United States exported to Lithuania are Petroleum Gas ($2.12B), Cars ($231M), and Crude Petroleum ($141M). During the last 27 years the exports of United States to Lithuania have increased at an annualized rate of 15%, from $76.1M in 1995 to $3.31B in 2022.

In 2017, United States exported services to Lithuania worth $206M, with Travel ($117M), Transportation ($34M), and Financial services ($21M) being the largest in terms of value.

Lithuania-United States In 2022, Lithuania exported $2.6B to United States. The main products that Lithuania exported to United States were Refined Petroleum ($906M), Other Plastic Products ($364M), and Other Furniture ($265M). During the last 27 years the exports of Lithuania to United States have increased at an annualized rate of 17.5%, from $33.5M in 1995 to $2.6B in 2022.

In 2020, Lithuania exported services to United States worth $393M, with Computer and information services ($240M), Other business services ($111M), and Transportation ($25.7M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Lithuania ranked 27 in the Economic Complexity Index (ECI 0.96), and 62 in total exports ($46.9B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (647k), CONTINENTAL MATERIALS INC. (6.28k), and AMAZON SERVICES LLC (116) were at the forefront of exporting goods from Lithuania to the United States. Conversely, UAB FREDA (250k), AB VILNIAUS BALDAI (79.6k), and UAB IKEA INDUSTRY LIETUVA (70.7k) were notable for importing Lithuania products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $126M and imported $127M from Lithuania, resulting in a negative trade balance of $1.6M. Between January 2023 and January 2024 the exports of United States have decreased by $-115M (-47.9%) from $241M to $126M, while imports decreased by $-69.3M (-35.3%) from $196M to $127M.

Trade In January 2024, the top exports of United States to Lithuania were Crude Petroleum ($73.5M), Petroleum Gas ($57M), Cars ($56.7M), Motor vehicles; parts and accessories (8701... ($6.29M), and Other Nuts ($4.12M). In January 2024 the top imports of United States from Lithuania were Refined Petroleum ($95.4M), Laboratory Reagents ($18.8M), Other Furniture ($16.6M), Iron Nails ($6.88M), and LCDs ($4.62M).

Origins In January 2024 the exports of United States were mainly from California ($20.4M), New Jersey ($15.6M), New York ($12.5M), Florida ($12.4M), and Texas ($12.1M), while imports destinations were mainly New Jersey ($30.6M), Maryland ($19.6M), California ($11.3M), Texas ($9.39M), and Puerto Rico ($6.17M).

Growth In January 2024, the decrease in United States's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Nucleic Acids ($-3.91M or -98.5%), Laboratory Reagents ($-2.31M or -48%), and Soil Preparation Machinery ($-1.51M or -82.9%). In January 2024, the decrease in United States's year-by-year imports from Lithuania was explained primarily by an decrease in product imports in Laboratory Reagents ($-30.7M or -62.1%), Enzymes ($-18.3M or -85.3%), and Electrical Transformers ($-3.39M or -91.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-115M(-47.9%)

IMPORT GROWTH (January 2023 - January 2024)$-69.3M(-35.3%)

MAIN EXPORTER (January 2024)California$20.4M

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

To check Lithuania and United States 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, United States exported $3.31B to Lithuania. The main products exported from United States to Lithuania were Petroleum Gas ($2.12B), Cars ($231M), and Crude Petroleum ($141M). During the last 27 years the exports of United States to Lithuania have increased at an annualized rate of 15%, from $76.1M in 1995 to $3.31B in 2022.

In 2022, Lithuania exported $2.6B to United States. The main products exported from Lithuania to United States were Refined Petroleum ($906M), Other Plastic Products ($364M), and Other Furniture ($265M). During the last 27 years the exports of Lithuania to United States have increased at an annualized rate of 17.5%, from $33.5M in 1995 to $2.6B in 2022.

Exports from United States () to Lithuania () (2022)

Exports from Lithuania () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Lithuania
Top DestinationLatvia$6.18B

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

In 2021, countries that imported more from United States than Lithuania were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Lithuania than United States were Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

Difference in imports from Lithuania () and United States () (2022)

Comparative Advantage United States - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Lithuania in the exports of Mineral Products ($2.26B), Transportation ($329M), and Chemical Products ($230M).

During 2022, Lithuania had a large net trade with United States in the exports of Mineral Products ($914M), Chemical Products ($439M), and Plastics and Rubbers ($415M).

Service Trade

Bilateral Service Trade

Ltu Year

Usa Year

In 2017, United States exported services to Lithuania worth $206M, with Travel ($117M), Transportation ($34M), and Financial services ($21M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Lithuania () (2017)

Services Exports from Lithuania () to United States () (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 United States has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over United States.

Product Space of United States () and Lithuania () (2022)

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