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2023
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Exports $1BRnk 43 / 220
2023
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Top Product $78.2MTractors
2023
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Exports $487MRnk 21 / 196
2023
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Top Product $45.7MRolled Tobacco
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
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GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Belgium-Lithuania Trade: In 2023, Belgium exported $1B to Lithuania. The main products that Belgium exported to Lithuania were Tractors ($78.2M), Refined Petroleum ($66.7M), and Cars ($56.1M). Over the past 5 years the exports of Belgium to Lithuania have decreased at an annualized rate of 2.26%, from $1.12B in 2018 to $1B in 2023.

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 2023, Lithuania exported $487M to Belgium. The main products that Lithuania exported to Belgium were Rolled Tobacco ($45.7M), Other Furniture ($34.9M), and Cars ($26.6M). Over the past 5 years the exports of Lithuania to Belgium have decreased at an annualized rate of 3.24%,  from $656M in 2018 to $487M in 2023.

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 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €83.4M and imported €33M from Lithuania, resulting in a positive trade balance of €50.4M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-4.36M (-4.97%) from €87.8M to €83.4M, while imports decreased by €-24.8M (-42.9%) from €57.8M to €33M.

Trade In October 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 October 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 October 2024, the decrease in Belgium's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Organic chemicals (€-2.91M or -36%), Rubber & articles thereof (€-588k or -46.1%), and Paints, dyes, & varnishes (€-512k or -62.3%). In October 2024, the decrease in Belgium's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-1.75M or -98.8%), Iron/Steel Articles (€-249k or -62.6%), and Organic chemicals (€-186k or -99.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-4.36M(-4.97%)
IMPORT GROWTH (October 2023 - October 2024)€-24.8M(-42.9%)

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 2023, Belgium exported $1B to Lithuania. The main products exported from Belgium to Lithuania were Tractors ($78.2M), Refined Petroleum ($66.7M), and Cars ($56.1M). During the last 5 years the exports of Belgium to Lithuania have decreased at an annualized rate of 2.26%, from $1.12B in 2018 to $1B in 2023.

In 2018, Lithuania exported $487M to Belgium. The main products exported from Lithuania to Belgium were Rolled Tobacco ($45.7M), Other Furniture ($34.9M), and Cars ($26.6M). During the last 5 years the exports of Lithuania to Belgium have decreased at an annualized rate of 3.24%, from $656M in 2023 to $487M in 2018.

Exports from Belgium (Flag) to Lithuania (Flag) (2023)

Exports from Lithuania (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Lithuania
Top DestinationLatvia$4.44B

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 2023, countries that imported more from Belgium than Lithuania included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Lithuania than Belgium included Latvia ($4.44B), Belarus ($1.84B), and Estonia ($1.4B).

Difference in imports from Lithuania (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with Lithuania in the exports of Chemical Products ($192M), Transportation ($176M), and Machines ($167M).

During 2018, Lithuania had a large net trade with Belgium in the exports of Foodstuffs ($92.7M), Transportation ($50.7M), and Miscellaneous ($42.5M).

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) (2023)

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