2022
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GDP
$70.3BCURRENT US$
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2012-2022
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GDP GROWTH
63.8%CURRENT US$
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2022
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 GDP
$1.68TCURRENT US$
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2012-2022
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GDP GROWTH
8.3%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 GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC
$64,491CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
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About

Lithuania-Australia In 2022, Lithuania exported $190M to Australia. The main products that Lithuania exported to Australia are Sawn Wood ($89.7M), Other Furniture ($9.23M), and Other Plastic Products ($8.64M). During the last 27 years the exports of Lithuania to Australia have increased at an annualized rate of 25.5%, from $413k in 1995 to $190M in 2022.

In 2020, Lithuania exported services to Australia worth $5.94M, with Computer and information services ($2.97M), Other business services ($1.48M), and Transportation ($1.37M) being the largest in terms of value.

Australia-Lithuania In 2022, Australia exported $16M to Lithuania. The main products that Australia exported to Lithuania were Vaccines, blood, antisera, toxins and cultures ($3.55M), Office Machine Parts ($1.42M), and Other Plastic Products ($1.31M). During the last 27 years the exports of Australia to Lithuania have increased at an annualized rate of 6.24%, from $3.12M in 1995 to $16M in 2022.

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

Comparison In 2022,  Lithuania ranked 27 in the Economic Complexity Index (ECI 0.96), and 62 in total exports ($46.9B). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $190M to Australia. The main products exported from Lithuania to Australia were Sawn Wood ($89.7M), Other Furniture ($9.23M), and Other Plastic Products ($8.64M). During the last 27 years the exports of Lithuania to Australia have increased at an annualized rate of 25.5%, from $413k in 1995 to $190M in 2022.

In 2022, Australia exported $16M to Lithuania. The main products exported from Australia to Lithuania were Vaccines, blood, antisera, toxins and cultures ($3.55M), Office Machine Parts ($1.42M), and Other Plastic Products ($1.31M). During the last 27 years the exports of Australia to Lithuania have increased at an annualized rate of 6.24%, from $3.12M in 1995 to $16M in 2022.

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

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

Latest Data

Trade between Lithuania (Flag) and Australia (Flag)

Lithuania Exports

Australia Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Australia
Top Destination
China$123B

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

In 2021, countries that imported more from Lithuania than Australia were Latvia ($6.18B), Russia ($2.88B), and Poland ($3.91B).

In 2021, countries that imported more from Australia than Lithuania were China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Lithuania - Australia

Flow
Scale

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

During 2022, Lithuania had a large net trade with Australia in the exports of Wood Products ($95.3M), Machines ($17.6M), and Plastics and Rubbers ($13.6M).

During 2022, Australia had a large net trade with Lithuania in the exports of Machines ($4.78M), Chemical Products ($4.32M), and Plastics and Rubbers ($1.94M).

Service Trade

Bilateral Service Trade

In 2020, Lithuania exported services to Australia worth $5.94M, with Computer and information services ($2.97M), Other business services ($1.48M), and Transportation ($1.37M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Lithuania has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Lithuania.

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

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