Lithuania2020 Economic Complexity : 0.89, Rank 31 of 127
2020 Product Exports | Imports: $33.3B | $31.5B, 58 of 226 | 61 of 226
2020 Per Capita Product Exports | Imports: $11.9k | $11.3k, 19 of 219 | 22 of 219
2018 Service Exports | Imports : $13.7B | $8.5B, 55 of 125 | 63 of 125
Overview In 2020 Lithuania was the number 82 economy in the world in terms of GDP (current US$), the number 58 in total exports, the number 61 in total imports, the number 45 economy in terms of GDP per capita (current US$) and the number 31 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Lithuania are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($1.85B), Furniture and parts thereof, n.e.c. in chapter 94 ($1.61B), Wheat and meslin ($1.3B), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes ($1.06B), and Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... ($1.05B), exporting mostly to Russia ($4.09B), Latvia ($2.95B), Germany ($2.58B), Poland ($2B), and Netherlands ($1.79B).
Imports The top imports of Lithuania are Petroleum oils and oils obtained from bituminous minerals; crude ($1.6B), Motor cars and other motor vehicles; principally designed for the transport of... ($1.17B), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of... ($1.01B), Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus... ($663M), and Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($485M), importing mostly from Poland ($3.98B), Germany ($3.96B), Latvia ($2.47B), Russia ($2.4B), and Netherlands ($1.75B).
Location Lithuania borders Belarus, Latvia, Poland, and Russia by land and Sweden by sea.
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.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c,..., $1.85B
Top Destination (2020): Russia, $3.98B
In 2020, Lithuania exported a total of $33.3B, making it the number 58 exporter in the world. During the last five reported years the exports of Lithuania have changed by $7.64B from $25.7B in 2015 to $33.3B in 2020.
The most recent exports are led by Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($1.85B), Furniture and parts thereof, n.e.c. in chapter 94 ($1.61B), Wheat and meslin ($1.3B), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes ($1.06B), and Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... ($1.05B). The most common destination for the exports of Lithuania are Russia ($4.09B), Latvia ($2.95B), Germany ($2.58B), Poland ($2B), and Netherlands ($1.79B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Lithuania Exports Services (2018): $13.7B
Lithuania Imports Services (2018): $8.5B
In 2018, Lithuania exported $13.7B worth of services. The top services exported by Lithuania in 2018 were Transportation ($9.53B), Travel ($1.98B), Other business services ($1.51B), Construction services ($500M), and Government services, n.i.e. ($105M).
The top services imported by Lithuania in 2018 were Transportation ($5.06B), Travel ($1.67B), Other business services ($1.44B), Construction services ($121M), and Royalties and license fees ($86M).
Lithuania has a high level of specialization in Peat; (including peat litter), whether or not agglomerated (28.8), Wheat gluten; whether or not dried (25.5), Wadding of textile materials and articles thereof; textile fibres, not exceeding 5 mm in length (flock), textile dust and mill neps (23.6), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes (22.4), and Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption (20.9). Specialization is measured using RCA, an index that takes the ratio between Lithuania observed and expected exports in each product.
The highest complexity exports of Lithuania according to the product complexity index (PCI) are Lubricating preparations and those used in oil or grease treatment of textile and similar materials; excluding preparations containing 70% or more (by weight) of petroleum or bituminous mineral oils (1.66), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension generators, control panels and desks, screens, examination or treatment tables, chairs and the like (1.61), Vegetable parchment, greaseproof papers, tracing papers, glassine and other glazed transparent or translucent papers, in rolls or sheets (1.6), Industrial or laboratory electric furnaces and ovens (including those functioning by induction or dielectric loss); other industrial or laboratory equipment for the heat treatment of materials by induction or dielectric loss (1.6), and Nucleic acids and their salts, whether or not chemically defined; other heterocyclic compounds (1.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Lithuania according to the relatedness index, are Waste and scrap of paper and paperboard (0.4), Glaziers' putty, grafting putty, resin cements, caulking compounds and other mastics; painters' fillings; non-refractory surfacing preparations for facades, indoor walls, floors, ceilings or the like (0.4), Waters, including mineral and aerated waters, containing added sugar or sweetening matter, flavoured; other non-alcoholic beverages, not including fruit or vegetable juices of heading no. 2009 (0.39), Tubes, pipes and hoses and fittings thereof (for example, joints, elbows, flanges), of plastics (0.39), and Wheat or meslin flour (0.39). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lithuania is not specialized in.
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.
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.
During the last 20 years Lithuania's economy has become relatively more complex, moving from the 45th to the 31st 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.
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