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Overview In 2021, Lithuania was the number 79 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 60 in total imports, the number 54 economy in terms of GDP per capita (current US$) and the number 30 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Lithuania are Refined Petroleum ($3.17B), Other Furniture ($2.01B), Wheat ($1.27B), Laboratory Reagents ($1.16B), and Rolled Tobacco ($858M), exporting mostly to Russia ($4.14B), Latvia ($3.65B), Germany ($3.27B), Poland ($3.03B), and United States ($2.39B).

Imports The top imports of Lithuania are Crude Petroleum ($2.93B), Cars ($1.56B), Electricity ($1.55B), Packaged Medicaments ($1.14B), and Broadcasting Equipment ($851M), importing mostly from Poland ($5.28B), Germany ($5.08B), Russia ($4.56B), Latvia ($3.35B), and Netherlands ($2.22B).

Location Lithuania borders Belarus, Latvia, Poland, and Russia by land and Sweden by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Lithuania.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Refined Petroleum$3.17B
Top Destination (2021)Russia$4.14B

In 2021, Lithuania exported a total of $40.8B, making it the number 62 exporter in the world. During the last five reported years the exports of Lithuania have changed by $15.5B from $25.3B in 2016 to $40.8B in 2021.

The most recent exports are led by Refined Petroleum ($3.17B), Other Furniture ($2.01B), Wheat ($1.27B), Laboratory Reagents ($1.16B), and Rolled Tobacco ($858M). The most common destination for the exports of Lithuania are Russia ($4.14B), Latvia ($3.65B), Germany ($3.27B), Poland ($3.03B), and United States ($2.39B).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Poland$1.03B (+ 51.6%)
United States$982M (+ 69.7%)
Latvia$697M (+ 23.6%)
Fastest Growing Import Markets (2020 - 2021)
Russia$2.16B (+ 89.7%)
Poland$1.3B (+ 32.5%)
Germany$1.12B (+ 28.3%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Lithuania Exports Services (2020)$10.8B
Lithuania Imports Services (2020)$5.28B

In 2020, Lithuania exported $10.8B worth of services. The top services exported by Lithuania in 2020 were Other transport ($7.09B), Computer and information services ($956M), Sea transport ($479M), Personal travel ($458M), and Miscellaneous business, professional, and technical services ($449M).

The top services imported by Lithuania in 2020 were Other transport ($2.77B), Sea transport ($567M), Personal travel ($441M), Miscellaneous business, professional, and technical services ($415M), and Operational leasing services ($201M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.91Rank 30 of 131
Economic Complexity (Technology)-0.31Rank 59 of 96
Economic Complexity (Research)-0.21Rank 76 of 140

Most Specialized Products by RCA Index

Lithuania has a high level of specialization in Non-Retail Carded Wool Yarn (68.2), Peat (28.8), Enzymes (27.7), Wadding (22.9), and Fish: dried, salted, smoked or in brine (21.4). Specialization is measured using RCA, an index that takes the ratio between Lithuania observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Lithuania according to the relatedness index, were Recovered Paper (0.4), Plastic Pipes (0.39), Recreational Boats (0.39), Jams (0.39), and Sauces and Seasonings (0.38). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lithuania is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Lithuania. These are products that tend to be co-exported with the products that Lithuania exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Lithuania's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨48th to the 30th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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