2023
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GDP
$102BCURRENT US$
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2013-2023
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GDP GROWTH
83.4%CURRENT US$
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2023
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 GDP
$79.8BCURRENT US$
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2013-2023
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GDP GROWTH
72.3%CURRENT US$
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2023
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GDP PC 
$15,886CURRENT US$
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2013-2023
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GDP PC GROWTH
107%CURRENT US$
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2023
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GDP PC
$27,786CURRENT US$
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2013-2023
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GDP PC GROWTH
77.5%CURRENT US$
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About

Bulgaria-Lithuania Trade: In 2023, Bulgaria exported $141M to Lithuania. The main products that Bulgaria exported to Lithuania were Wadding ($16.2M), Packaged Medicaments ($13.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.7M). Over the past 5 years the exports of Bulgaria to Lithuania have increased at an annualized rate of 8.66%, from $93.1M in 2018 to $141M in 2023.

In 2020, Bulgaria exported services to Lithuania worth $10.4M, with Transportation ($4M), Travel ($3.54M), and Other business services ($1.37M) being the largest in terms of value.

Lithuania-Bulgaria Trade: In 2023, Lithuania exported $139M to Bulgaria. The main products that Lithuania exported to Bulgaria were Rolled Tobacco ($25M), Motor vehicles; parts and accessories (8701 to 8705) ($8.8M), and Polyacetals ($5.73M). Over the past 5 years the exports of Lithuania to Bulgaria have increased at an annualized rate of 11.5%,  from $80.6M in 2018 to $139M in 2023.

In 2020, Lithuania exported services to Bulgaria worth $12.4M, with Transportation ($5.6M), Other business services ($4.34M), and Computer and information services ($1.6M) being the largest in terms of value.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). 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
Value

In 2023, Bulgaria exported $141M to Lithuania. The main products exported from Bulgaria to Lithuania were Wadding ($16.2M), Packaged Medicaments ($13.4M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.7M). During the last 5 years the exports of Bulgaria to Lithuania have increased at an annualized rate of 8.66%, from $93.1M in 2018 to $141M in 2023.

In 2018, Lithuania exported $139M to Bulgaria. The main products exported from Lithuania to Bulgaria were Rolled Tobacco ($25M), Motor vehicles; parts and accessories (8701 to 8705) ($8.8M), and Polyacetals ($5.73M). During the last 5 years the exports of Lithuania to Bulgaria have increased at an annualized rate of 11.5%, from $80.6M in 2023 to $139M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Lithuania (Flag)

Bulgaria Exports

Lithuania Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Lithuania
Top Destination
Latvia$4.44B

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

In 2023, countries that imported more from Bulgaria than Lithuania included Romania ($5.63B), Germany ($6.84B), and Italy ($4.06B).

In 2023, countries that imported more from Lithuania than Bulgaria included Latvia ($4.44B), Belarus ($1.84B), and Russia ($2.32B).

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

Comparative Advantage Bulgaria - Lithuania

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Lithuania in the exports of Textiles ($26.9M), Chemical Products ($23.2M), and Machines ($21.3M).

During 2018, Lithuania had a large net trade with Bulgaria in the exports of Foodstuffs ($41M), Transportation ($18.1M), and Machines ($16.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Lithuania+$4.47MPackaged Medicaments
Top Product Potential Lithuania Bulgaria+$2.97MRefined 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.

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Bilateral Service Trade

In 2020, Bulgaria exported services to Lithuania worth $10.4M, with Transportation ($4M), Travel ($3.54M), and Other business services ($1.37M) being the largest in terms of value.

In 2020, Lithuania exported services to Bulgaria worth $12.4M, with Transportation ($5.6M), Other business services ($4.34M), and Computer and information services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and Lithuania (Flag) (2023)

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