Iran (IRN) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

About

Iran-Lithuania Trade: In 2023, Iran exported $2.19M to Lithuania. The main products that Iran exported to Lithuania were Styrene Polymers ($1.56M), Tropical Fruits ($493k), and Other Fruits ($48.9k). Over the past 5 years the exports of Iran to Lithuania have decreased at an annualized rate of 13.2%, from $4.44M in 2018 to $2.19M in 2023.

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

Lithuania-Iran Trade: In 2023, Lithuania exported $2.51M to Iran. The main products that Lithuania exported to Iran were Lubricating Products ($909k), Oscilloscopes ($685k), and Special purpose motor vehicles ($201k). Over the past 5 years the exports of Lithuania to Iran have decreased at an annualized rate of 20.1%, from $7.72M in 2018 to $2.51M in 2023.

In 2009, Lithuania exported services to Iran worth $25.9k, with Travel ($13k) and Services not allocated ($13k) being the largest in terms of value.

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $2.19M to Lithuania. The main products exported from Iran to Lithuania were Styrene Polymers ($1.56M), Tropical Fruits ($493k), and Other Fruits ($48.9k). During the last 5 years the exports of Iran to Lithuania have decreased at an annualized rate of 13.2%, from $4.44M in 2018 to $2.19M in 2023.

In 2018, Lithuania exported $2.51M to Iran. The main products exported from Lithuania to Iran were Lubricating Products ($909k), Oscilloscopes ($685k), and Special purpose motor vehicles ($201k). During the last 5 years the exports of Lithuania to Iran have decreased at an annualized rate of 20.1%, from $7.72M in 2023 to $2.51M in 2018.

Exports from Iran () to Lithuania () (2023)

Exports from Lithuania () to Iran () (2023)

Latest Data

Trade between Iran () and Lithuania ()

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Iran than Lithuania included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Lithuania than Iran included Latvia ($4.44B), Poland ($3.37B), and Germany ($2.83B).

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

Comparative Advantage Iran - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Lithuania in the exports of Plastics and Rubbers ($1.58M), Vegetable Products ($579k), and Textiles ($20k).

During 2018, Lithuania had a large net trade with Iran in the exports of Chemical Products ($1.09M), Instruments ($738k), and Machines ($430k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Lithuania+$632kStyrene Polymers

Top Product Potential Lithuania Iran+$694kMedical Instruments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Lithuania () (2023)

Exports from Lithuania () to Iran () (2023)

Latest Data

Trade between Iran () and Lithuania ()

Lithuania Exports

Market Competitiveness

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

Comparative Advantage Iran - Lithuania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring