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2022
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Exports $667MRnk 60 / 218
2022
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Top Product $45.5MCars
2022
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Exports $729MRnk 19 / 196
2022
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Top Product $103MWheat
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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GDP$1.4TCURRENT US$
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2012-2022
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GDP GROWTH5.49%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 GROWTH63.8%CURRENT US$
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2022
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GDP PC $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%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 GROWTH72.8%CURRENT US$
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About

Spain-Lithuania Trade: In 2022, Spain exported $667M to Lithuania. The main products that Spain exported to Lithuania were Cars ($45.5M), Wine ($29.8M), and Packaged Medicaments ($19.6M). Over the past 5 years the exports of Spain to Lithuania have increased at an annualized rate of 2.87%, from $579M in 2017 to $667M in 2022.

In 2022, Spain did not export any services to Lithuania.

Lithuania-Spain Trade: In 2022, Lithuania exported $729M to Spain. The main products that Lithuania exported to Spain were Wheat ($103M), Other Furniture ($94.9M), and Refined Petroleum ($80.1M). Over the past 5 years the exports of Lithuania to Spain have increased at an annualized rate of 13.9%,  from $381M in 2017 to $729M in 2022.

In 2020, Lithuania exported services to Spain worth $25.7M, with Travel ($13.9M), Computer and information services ($6.4M), and Construction services ($3.88M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €35M and imported €47.6M from Lithuania, resulting in a negative trade balance of €12.7M. Between August 2023 and August 2024 the exports of Spain have decreased by €-9.25M (-20.9%) from €44.2M to €35M, while imports increased by €17.9M (60.3%) from €29.7M to €47.6M.

Trade In August 2024, the top exports of Spain to Lithuania were Coal Briquettes (€3.66M), Telephones (€1.97M), Cars (€1.79M), Pig Meat (€1.16M), and Wine (€1.11M). In August 2024 the top imports of Spain from Lithuania were Wheat (€17M), Other Furniture (€6.47M), Other Vegetable Residues (€4.64M), Wheat Flours (€3.39M), and Raw Plastic Sheeting (€1.09M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€6.67M), A Coruña (€4.95M), Murcia (€3.03M), Madrid (€2.19M), and Valencia (€1.98M), while imports destinations were mainly Lleida (€11.1M), Tarragona (€10.6M), Madrid (€5.18M), Barcelona (€5.12M), and Valencia (€3.15M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Carbon-based Electronics (€-2.35M or -100%), Citrus (€-431k or -46.1%), and Electric Generating Sets (€-393k or -92.9%). In August 2024, the increase in Spain's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Other Furniture (€569k or 9.64%), Telephones (€553k or 369%), and Animal Food (€503k or 574%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-9.25M(-20.9%)
IMPORT GROWTH (August 2023 - August 2024)€17.9M(60.3%)
MAIN EXPORTER (August 2024)Barcelona€6.67M

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $667M to Lithuania. The main products exported from Spain to Lithuania were Cars ($45.5M), Wine ($29.8M), and Packaged Medicaments ($19.6M). During the last 5 years the exports of Spain to Lithuania have increased at an annualized rate of 2.87%, from $579M in 2017 to $667M in 2022.

In 2017, Lithuania exported $729M to Spain. The main products exported from Lithuania to Spain were Wheat ($103M), Other Furniture ($94.9M), and Refined Petroleum ($80.1M). During the last 5 years the exports of Lithuania to Spain have increased at an annualized rate of 13.9%, from $381M in 2022 to $729M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Spain than Lithuania included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Lithuania than Spain included Latvia ($6.18B), Estonia ($2.27B), and Russia ($2.88B).

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

Comparative Advantage Spain - Lithuania

Flow
Scale

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

During 2022, Spain had a large net trade with Lithuania in the exports of Machines ($102M), Chemical Products ($101M), and Foodstuffs ($88.5M).

During 2017, Lithuania had a large net trade with Spain in the exports of Vegetable Products ($151M), Mineral Products ($137M), and Miscellaneous ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Lithuania+$23.9MCars
Top Product Potential Lithuania Spain+$52.5MRefined 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, Lithuania exported services to Spain worth $25.7M, with Travel ($13.9M), Computer and information services ($6.4M), and Construction services ($3.88M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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