Lithuania2021 Economic Complexity : 0.91, Rank 30 of 131
2021 Product Exports | Imports: $40.8B | $42.7B, 62 of 226 | 60 of 226
2021 Per Capita Product Exports | Imports: $14.6k | $15.3k, 28 of 219 | 21 of 219
2020 Service Exports | Imports : $10.8B | $5.28B, 26 of 65 | 31 of 65
Overview In 2021, Lithuania was the number 75 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 60 in total imports, the number 40 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.
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.
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.
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).
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).
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.
The highest complexity exports of Lithuania according to the product complexity index (PCI) are Metalworking Machines (1.9), X-Ray Equipment (1.68), Phenols (1.62), LCDs (1.56), and Lubricating Products (1.56). 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, 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.
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 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.
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