Armenia (ARM) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Armenia-Lithuania Trade: In 2023, Armenia exported $22.8M to Lithuania. The main products that Armenia exported to Lithuania were Refined Copper ($14M), Raw Lead ($2.16M), and Non-Knit Women's Suits ($1.53M). Over the past 5 years the exports of Armenia to Lithuania have increased at an annualized rate of 45.3%, from $3.53M in 2018 to $22.8M in 2023.

In 2023, Armenia did not export any services to Lithuania.

Lithuania-Armenia Trade: In 2023, Lithuania exported $84.1M to Armenia. The main products that Lithuania exported to Armenia were Cars ($6.89M), Vaccines, blood, antisera, toxins and cultures ($4.34M), and Chocolate ($3.49M). Over the past 5 years the exports of Lithuania to Armenia have increased at an annualized rate of 27.3%, from $25.1M in 2018 to $84.1M in 2023.

In 2023, Lithuania did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $22.8M to Lithuania. The main products exported from Armenia to Lithuania were Refined Copper ($14M), Raw Lead ($2.16M), and Non-Knit Women's Suits ($1.53M). During the last 5 years the exports of Armenia to Lithuania have increased at an annualized rate of 45.3%, from $3.53M in 2018 to $22.8M in 2023.

In 2018, Lithuania exported $84.1M to Armenia. The main products exported from Lithuania to Armenia were Cars ($6.89M), Vaccines, blood, antisera, toxins and cultures ($4.34M), and Chocolate ($3.49M). During the last 5 years the exports of Lithuania to Armenia have increased at an annualized rate of 27.3%, from $25.1M in 2023 to $84.1M in 2018.

Exports from Armenia () to Lithuania () (2023)

Exports from Lithuania () to Armenia () (2023)

Latest Data

Trade between Armenia () and Lithuania ()

Armenia Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Armenia than Lithuania included United Arab Emirates ($2.25B), Russia ($3.38B), and Hong Kong ($669M).

In 2023, countries that imported more from Lithuania than Armenia included Latvia ($4.44B), Poland ($3.37B), and Germany ($2.83B).

Difference in imports from Lithuania () and Armenia () (2023)

Comparative Advantage Armenia - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Lithuania in the exports of Metals ($16.9M), Foodstuffs ($2.59M), and Textiles ($2.09M).

During 2018, Lithuania had a large net trade with Armenia in the exports of Machines ($18M), Transportation ($17.3M), and Chemical Products ($14.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Lithuania+$578kHard Liquor

Top Product Potential Lithuania Armenia+$2.01MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Lithuania. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Lithuania () (2023)

Exports from Lithuania () to Armenia () (2023)

Latest Data

Trade between Armenia () and Lithuania ()

Armenia Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Armenia () (2023)

Comparative Advantage Armenia - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Lithuania () (2023)

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