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.

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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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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.

Historical Data

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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).

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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).

Economic Complexity

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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

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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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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

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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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