Lithuania (LTU) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Lithuania-Austria Trade: In 2022, Lithuania exported $406M to Austria. The main products that Lithuania exported to Austria were Rolled Tobacco ($99.7M), Other Furniture ($32.8M), and Enzymes ($19.9M). Over the past 5 years the exports of Lithuania to Austria have increased at an annualized rate of 20.1%, from $162M in 2017 to $406M in 2022.

In 2020, Lithuania exported services to Austria worth $419M, with Transportation ($402M), Other business services ($8.68M), and Financial services ($2.51M) being the largest in terms of value.

Austria-Lithuania In N/A, Austria did not export any products to Lithuania.

In 2020, Austria exported services to Lithuania worth $69.7M, with Transportation ($21.7M), Travel ($12.6M), and Computer and information services ($12.6M) being the largest in terms of value.

Comparison: In 2022, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lithuania exported $406M to Austria. The main products exported from Lithuania to Austria were Rolled Tobacco ($99.7M), Other Furniture ($32.8M), and Enzymes ($19.9M). During the last 5 years the exports of Lithuania to Austria have increased at an annualized rate of 20.1%, from $162M in 2017 to $406M in 2022.

Austria does not register exports to Lithuania. The main products exported from Austria to Lithuania were Packaged Medicaments ($38.5M), Tractors ($25.4M), and Nitrogenous Fertilizers ($17.1M).

Exports from Lithuania () to Austria () (2022)

Exports from Austria () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Austria ()

Lithuania Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$6.18B

Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Lithuania included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

Difference in imports from Austria () and Lithuania () (2022)

Comparative Advantage Lithuania - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lithuania had a large net trade with Austria in the exports of Foodstuffs ($106M), Machines ($58.2M), and Chemical Products ($49.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Austria+$13.8MOther Furniture

Top Product Potential Austria Lithuania+$14MPackaged Medicaments

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

Aut Year

Ltu Year

In 2020, Lithuania exported services to Austria worth $419M, with Transportation ($402M), Other business services ($8.68M), and Financial services ($2.51M) being the largest in terms of value.

In 2020, Austria exported services to Lithuania worth $69.7M, with Transportation ($21.7M), Travel ($12.6M), and Computer and information services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania () to Austria () (2020)

Services Exports from Austria () to Lithuania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Austria () (2022)

Exports from Austria () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Austria ()

Lithuania Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Lithuania () (2022)

Comparative Advantage Lithuania - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Lithuania () to Austria () (2020)

Services Exports from Austria () to Lithuania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Austria () (2022)

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