2022
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GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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 GDP
$70.3BCURRENT US$
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2012-2022
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GDP GROWTH
63.8%CURRENT US$
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2022
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GDP PC 
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$24,827CURRENT US$
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2012-2022
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GDP PC GROWTH
72.8%CURRENT US$
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About

Bulgaria-Lithuania Trade: In 2022, Bulgaria exported $160M to Lithuania. The main products that Bulgaria exported to Lithuania were Nitrogenous Fertilizers ($27.7M), Packaged Medicaments ($13.4M), and Wadding ($11.6M). Over the past 5 years the exports of Bulgaria to Lithuania have increased at an annualized rate of 12.1%, from $90.4M in 2017 to $160M in 2022.

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 2022, Lithuania exported $158M to Bulgaria. The main products that Lithuania exported to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($23.4M), Rolled Tobacco ($18.4M), and Polyacetals ($11.3M). Over the past 5 years the exports of Lithuania to Bulgaria have increased at an annualized rate of 8.31%,  from $71.2M in 2017 to $158M in 2022.

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 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $160M to Lithuania. The main products exported from Bulgaria to Lithuania were Nitrogenous Fertilizers ($27.7M), Packaged Medicaments ($13.4M), and Wadding ($11.6M). During the last 5 years the exports of Bulgaria to Lithuania have increased at an annualized rate of 12.1%, from $90.4M in 2017 to $160M in 2022.

In 2017, Lithuania exported $158M to Bulgaria. The main products exported from Lithuania to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($23.4M), Rolled Tobacco ($18.4M), and Polyacetals ($11.3M). During the last 5 years the exports of Lithuania to Bulgaria have increased at an annualized rate of 8.31%, from $71.2M in 2022 to $158M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Lithuania (Flag)

Bulgaria Exports

Lithuania Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Lithuania
Top Destination
Latvia$6.18B

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 2022, countries that imported more from Bulgaria than Lithuania included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

In 2022, countries that imported more from Lithuania than Bulgaria included Latvia ($6.18B), Russia ($2.88B), and Poland ($3.91B).

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

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 2022, Bulgaria had a large net trade with Lithuania in the exports of Chemical Products ($46.4M), Machines ($27.2M), and Metals ($21.4M).

During 2017, Lithuania had a large net trade with Bulgaria in the exports of Foodstuffs ($32.7M), Chemical Products ($28.6M), and Machines ($23.2M).

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) (N/A)

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) (2022)

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