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2022
Flag → Flag
Exports $1.59BRnk 53 / 221
2022
Flag → Flag
Top Product $64.2MPackaged Medicaments
2022
Flag → Flag
Exports $934MRnk 15 / 196
2022
Flag → Flag
Top Product $147MCheese
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Italy-Lithuania Trade: In 2022, Italy exported $1.59B to Lithuania. The main products that Italy exported to Lithuania were Packaged Medicaments ($64.2M), Cars ($55M), and Other Small Iron Pipes ($48.1M). Over the past 5 years the exports of Italy to Lithuania have increased at an annualized rate of 5.72%, from $1.21B in 2017 to $1.59B in 2022.

In 2020, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) being the largest in terms of value.

Lithuania-Italy Trade: In 2022, Lithuania exported $934M to Italy. The main products that Lithuania exported to Italy were Cheese ($147M), Fish: dried, salted, smoked or in brine ($83.4M), and Other Furniture ($69.6M). Over the past 5 years the exports of Lithuania to Italy have increased at an annualized rate of 2.99%,  from $675M in 2017 to $934M in 2022.

In 2020, Lithuania exported services to Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €65.2M and imported €56.4M from Lithuania, resulting in a positive trade balance of €8.8M. Between July 2023 and July 2024 the exports of Italy have increased by €9.73M (17.6%) from €55.4M to €65.2M, while imports increased by €12.3M (27.9%) from €44.1M to €56.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€9.73M(17.6%)
IMPORT GROWTH (July 2023 - July 2024)€12.3M(27.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.59B to Lithuania. The main products exported from Italy to Lithuania were Packaged Medicaments ($64.2M), Cars ($55M), and Other Small Iron Pipes ($48.1M). During the last 5 years the exports of Italy to Lithuania have increased at an annualized rate of 5.72%, from $1.21B in 2017 to $1.59B in 2022.

In 2017, Lithuania exported $934M to Italy. The main products exported from Lithuania to Italy were Cheese ($147M), Fish: dried, salted, smoked or in brine ($83.4M), and Other Furniture ($69.6M). During the last 5 years the exports of Lithuania to Italy have increased at an annualized rate of 2.99%, from $675M in 2022 to $934M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Italy than Lithuania included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Lithuania than Italy included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

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

Comparative Advantage Italy - Lithuania

Flow
Scale

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

During 2022, Italy had a large net trade with Lithuania in the exports of Machines ($373M), Chemical Products ($176M), and Metals ($157M).

During 2017, Lithuania had a large net trade with Italy in the exports of Animal Products ($271M), Miscellaneous ($87.4M), and Wood Products ($85.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Lithuania+$34.2MPackaged Medicaments
Top Product Potential Lithuania Italy+$18.7MOther Furniture

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, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) being the largest in terms of value.

In 2020, Lithuania exported services to Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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