Sign In
Pricing

2022
Flag → Flag
Exports $1BRnk 46 / 222
2022
Flag → Flag
Top Product $83.8MTractors
2022
Flag → Flag
Exports $698MRnk 21 / 196
2022
Flag → Flag
Top Product $68MRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Belgium-Lithuania Trade: In 2022, Belgium exported $1B to Lithuania. The main products that Belgium exported to Lithuania were Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). Over the past 5 years the exports of Belgium to Lithuania have increased at an annualized rate of 1.5%, from $933M in 2017 to $1B in 2022.

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

Lithuania-Belgium Trade: In 2022, Lithuania exported $698M to Belgium. The main products that Lithuania exported to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Fish: dried, salted, smoked or in brine ($60.4M). Over the past 5 years the exports of Lithuania to Belgium have increased at an annualized rate of 6.2%,  from $517M in 2017 to $698M in 2022.

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €81.7M and imported €28.9M from Lithuania, resulting in a positive trade balance of €52.8M. Between July 2023 and July 2024 the exports of Belgium have increased by €26.8M (48.7%) from €54.9M to €81.7M, while imports increased by €7.24M (33.5%) from €21.6M to €28.9M.

Trade In July 2024, the top exports of Belgium to Lithuania were Cars, tractors, trucks & parts thereof. (€18M), Machinery, mechanical appliances, & parts (€8.37M), Pharmaceutical products (€5.35M), Organic chemicals (€5.16M), and Plastics & articles thereof (€4.57M). In July 2024 the top imports of Belgium from Lithuania were Cars, tractors, trucks & parts thereof. (€4.96M), Wood, wood articles, & charcoal (€4.84M), Fish, crustaceans, & molluscs (€4.33M), Cereals (€2.55M), and Non-knitted clothing accesories (€1.67M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€13.2M or 275%), Pharmaceutical products (€4.48M or 515%), and Machinery, mechanical appliances, & parts (€2.92M or 53.7%). In July 2024, the increase in Belgium's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€3.77M or 316%), Wood, wood articles, & charcoal (€1.99M or 69.6%), and Mineral fuels, mineral oils and products... (€1.28M or 1.18M%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€26.8M(48.7%)
IMPORT GROWTH (July 2023 - July 2024)€7.24M(33.5%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Lithuania and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1B to Lithuania. The main products exported from Belgium to Lithuania were Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). During the last 5 years the exports of Belgium to Lithuania have increased at an annualized rate of 1.5%, from $933M in 2017 to $1B in 2022.

In 2017, Lithuania exported $698M to Belgium. The main products exported from Lithuania to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Fish: dried, salted, smoked or in brine ($60.4M). During the last 5 years the exports of Lithuania to Belgium have increased at an annualized rate of 6.2%, from $517M in 2022 to $698M in 2017.

Exports from Belgium (Flag) to Lithuania (Flag) (2022)

Exports from Lithuania (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Belgium than Lithuania included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Lithuania than Belgium included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

Difference in imports from Lithuania (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Lithuania

Flow
Scale

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

During 2022, Belgium had a large net trade with Lithuania in the exports of Chemical Products ($263M), Transportation ($179M), and Machines ($139M).

During 2017, Lithuania had a large net trade with Belgium in the exports of Foodstuffs ($104M), Chemical Products ($89.5M), and Mineral Products ($89.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Lithuania+$27.5MCars
Top Product Potential Lithuania Belgium+$51.6MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Lithuania (Flag) (2020)

Services Exports from Lithuania (Flag) to Belgium (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Lithuania (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms