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2023
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Exports $789MRnk 57 / 220
2023
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Top Product $43.2MWine
2023
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Exports $609MRnk 19 / 196
2023
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Top Product $133MWheat
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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GDP$1.62TCURRENT US$
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2013-2023
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GDP GROWTH18.9%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 GROWTH72.3%CURRENT US$
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2023
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GDP PC $33,509CURRENT US$
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2013-2023
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GDP PC GROWTH14.7%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 GROWTH77.5%CURRENT US$
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About

Spain-Lithuania Trade: In 2023, Spain exported $789M to Lithuania. The main products that Spain exported to Lithuania were Wine ($43.2M), Broadcasting Equipment ($29.1M), and Raw Iron Bars ($26.4M). Over the past 5 years the exports of Spain to Lithuania have increased at an annualized rate of 3.2%, from $674M in 2018 to $789M in 2023.

In 2023, Spain did not export any services to Lithuania.

Lithuania-Spain Trade: In 2023, Lithuania exported $609M to Spain. The main products that Lithuania exported to Spain were Wheat ($133M), Other Furniture ($102M), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.9M). Over the past 5 years the exports of Lithuania to Spain have increased at an annualized rate of 8.9%,  from $398M in 2018 to $609M in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €52.4M and imported €34.2M from Lithuania, resulting in a positive trade balance of €18.1M. Between November 2023 and November 2024 the exports of Spain have decreased by €-8.36M (-13.8%) from €60.7M to €52.4M, while imports decreased by €-12.5M (-26.7%) from €46.7M to €34.2M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€10.4M), Navarra (€5.95M), Valencia (€4.27M), A Coruña (€3.34M), and Asturias (€2.94M), while imports destinations were mainly Madrid (€11.2M), Barcelona (€4.75M), Valencia (€2.79M), Sevilla (€2.02M), and Girona (€1.52M).

Growth In November 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 November 2024, the decrease in Spain's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Wheat (€-4.13M or -19.6%), Polyacetals (€-962k or -64.5%), and Sawn Wood (€-489k or -32.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-8.36M(-13.8%)
IMPORT GROWTH (November 2023 - November 2024)€-12.5M(-26.7%)
MAIN EXPORTER (November 2024)Barcelona€10.4M

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 2023, Spain exported $789M to Lithuania. The main products exported from Spain to Lithuania were Wine ($43.2M), Broadcasting Equipment ($29.1M), and Raw Iron Bars ($26.4M). During the last 5 years the exports of Spain to Lithuania have increased at an annualized rate of 3.2%, from $674M in 2018 to $789M in 2023.

In 2018, Lithuania exported $609M to Spain. The main products exported from Lithuania to Spain were Wheat ($133M), Other Furniture ($102M), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.9M). During the last 5 years the exports of Lithuania to Spain have increased at an annualized rate of 8.9%, from $398M in 2023 to $609M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Lithuania
Top DestinationLatvia$4.44B

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 2023, countries that imported more from Spain than Lithuania included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

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

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 2023, Spain had a large net trade with Lithuania in the exports of Chemical Products ($120M), Foodstuffs ($118M), and Machines ($114M).

During 2018, Lithuania had a large net trade with Spain in the exports of Vegetable Products ($152M), Miscellaneous ($117M), and Foodstuffs ($58.5M).

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) (2023)

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