Lithuania (LTU) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Lithuania-Belgium Trade: In 2023, Lithuania exported $487M to Belgium. The main products that Lithuania exported to Belgium were Rolled Tobacco ($45.7M), Other Furniture ($34.9M), and Cars ($26.6M). Over the past 5 years the exports of Lithuania to Belgium have decreased at an annualized rate of 5.76%, from $656M in 2018 to $487M in 2023.

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

Belgium-Lithuania Trade: In 2023, Belgium exported $1B to Lithuania. The main products that Belgium exported to Lithuania were Tractors ($78.2M), Refined Petroleum ($66.7M), and Cars ($56.1M). Over the past 5 years the exports of Belgium to Lithuania have decreased at an annualized rate of 1.03%, from $1.12B in 2018 to $1B in 2023.

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

Comparison: In 2023, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lithuania exported $487M to Belgium. The main products exported from Lithuania to Belgium were Rolled Tobacco ($45.7M), Other Furniture ($34.9M), and Cars ($26.6M). During the last 5 years the exports of Lithuania to Belgium have decreased at an annualized rate of 5.76%, from $656M in 2018 to $487M in 2023.

In 2018, Belgium exported $1B to Lithuania. The main products exported from Belgium to Lithuania were Tractors ($78.2M), Refined Petroleum ($66.7M), and Cars ($56.1M). During the last 5 years the exports of Belgium to Lithuania have decreased at an annualized rate of 1.03%, from $1.12B in 2023 to $1B in 2018.

Exports from Lithuania () to Belgium () (2023)

Exports from Belgium () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Belgium ()

Lithuania Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$4.44B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Lithuania than Belgium included Latvia ($4.44B), Belarus ($1.84B), and Estonia ($1.4B).

In 2023, countries that imported more from Belgium than Lithuania included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Lithuania - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lithuania had a large net trade with Belgium in the exports of Foodstuffs ($92.7M), Transportation ($50.7M), and Miscellaneous ($42.5M).

During 2018, Belgium had a large net trade with Lithuania in the exports of Chemical Products ($192M), Transportation ($176M), and Machines ($167M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Belgium+$51.6MRefined Petroleum

Top Product Potential Belgium Lithuania+$27.5MCars

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

Bel Year

Ltu Year

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Belgium () 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 Belgium. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Lithuania.

About

Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Belgium () (2023)

Exports from Belgium () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Belgium ()

Lithuania Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Lithuania - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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