Denmark (DNK) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Denmark-Lithuania Trade: In 2023, Denmark exported $714M to Lithuania. The main products that Denmark exported to Lithuania were Coffee ($58.4M), Pesticides ($35.7M), and Pig Meat ($33.8M). Over the past 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 4.81%, from $565M in 2018 to $714M in 2023.

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

Lithuania-Denmark Trade: In 2023, Lithuania exported $968M to Denmark. The main products that Lithuania exported to Denmark were Other Furniture ($74.7M), Industrial Fatty Acids, Oils and Alcohols ($71.5M), and Seats ($71.3M). Over the past 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 3.13%, from $829M in 2018 to $968M in 2023.

In 2020, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $714M to Lithuania. The main products exported from Denmark to Lithuania were Coffee ($58.4M), Pesticides ($35.7M), and Pig Meat ($33.8M). During the last 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 4.81%, from $565M in 2018 to $714M in 2023.

In 2018, Lithuania exported $968M to Denmark. The main products exported from Lithuania to Denmark were Other Furniture ($74.7M), Industrial Fatty Acids, Oils and Alcohols ($71.5M), and Seats ($71.3M). During the last 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 3.13%, from $829M in 2023 to $968M in 2018.

Exports from Denmark () to Lithuania () (2023)

Exports from Lithuania () to Denmark () (2023)

Latest Data

Trade between Denmark () and Lithuania ()

Denmark Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Denmark than Lithuania included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

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

Comparative Advantage Denmark - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Lithuania in the exports of Machines ($155M), Chemical Products ($81.1M), and Metals ($80M).

During 2018, Lithuania had a large net trade with Denmark in the exports of Miscellaneous ($170M), Textiles ($117M), and Chemical Products ($105M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Lithuania+$9.6MPackaged Medicaments

Top Product Potential Lithuania Denmark+$5.88MRefined 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

Ltu Year

Dnk Year

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

In 2020, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark () to Lithuania () (2020)

Services Exports from Lithuania () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Lithuania () (2023)

Exports from Lithuania () to Denmark () (2023)

Latest Data

Trade between Denmark () and Lithuania ()

Denmark Exports

Lithuania Exports

Market Competitiveness

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

Comparative Advantage Denmark - Lithuania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Denmark () to Lithuania () (2020)

Services Exports from Lithuania () to Denmark () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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