Hong Kong (HKG) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Hong Kong-Lithuania Trade: In 2023, Hong Kong exported $20.5M to Lithuania. The main products that Hong Kong exported to Lithuania were Computers ($2.33M), Aluminium Bars ($1.9M), and Medical Instruments ($1.21M). Over the past 5 years the exports of Hong Kong to Lithuania have increased at an annualized rate of 1.31%, from $19.2M in 2018 to $20.5M in 2023.

In 2023, Hong Kong did not export any services to Lithuania.

Lithuania-Hong Kong Trade: In 2023, Lithuania exported $54.3M to Hong Kong. The main products that Lithuania exported to Hong Kong were Beauty Products ($5M), Cars ($3.49M), and Packaged Medicaments ($2.13M). Over the past 5 years the exports of Lithuania to Hong Kong have increased at an annualized rate of 2.51%, from $48M in 2018 to $54.3M in 2023.

In 2023, Lithuania did not export any services to Hong Kong.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $20.5M to Lithuania. The main products exported from Hong Kong to Lithuania were Computers ($2.33M), Aluminium Bars ($1.9M), and Medical Instruments ($1.21M). During the last 5 years the exports of Hong Kong to Lithuania have increased at an annualized rate of 1.31%, from $19.2M in 2018 to $20.5M in 2023.

In 2018, Lithuania exported $54.3M to Hong Kong. The main products exported from Lithuania to Hong Kong were Beauty Products ($5M), Cars ($3.49M), and Packaged Medicaments ($2.13M). During the last 5 years the exports of Lithuania to Hong Kong have increased at an annualized rate of 2.51%, from $48M in 2023 to $54.3M in 2018.

Exports from Hong Kong () to Lithuania () (2023)

Exports from Lithuania () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Lithuania ()

Hong Kong Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Hong Kong than Lithuania included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Lithuania than Hong Kong included Latvia ($4.44B), Poland ($3.37B), and Belarus ($1.84B).

Difference in imports from Lithuania () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Lithuania in the exports of Machines ($7.09M), Instruments ($4.38M), and Metals ($3.44M).

During 2018, Lithuania had a large net trade with Hong Kong in the exports of Machines ($13.2M), Chemical Products ($10.8M), and Instruments ($7.87M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Lithuania+$4.43MComputers

Top Product Potential Lithuania Hong Kong+$7.86MComputers

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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Lithuania () (2023)

Exports from Lithuania () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Lithuania ()

Hong Kong Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Lithuania () (2023)

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