2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Lithuania-Belgium Trade: In 2022, Lithuania exported $698M to Belgium. The main products that Lithuania exported to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Dried/Salted/Smoked/Brined Fish ($60.4M). Over the past 5 years the exports of Lithuania to Belgium have increased at an annualized rate of 6.2%, from $517M in 2017 to $698M in 2022.

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 2022, Belgium exported $1B to Lithuania. The main products that Belgium exported to Lithuania were Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). Over the past 5 years the exports of Belgium to Lithuania have increased at an annualized rate of 1.5%,  from $933M in 2017 to $1B in 2022.

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 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $698M to Belgium. The main products exported from Lithuania to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Dried/Salted/Smoked/Brined Fish ($60.4M). During the last 5 years the exports of Lithuania to Belgium have increased at an annualized rate of 6.2%, from $517M in 2017 to $698M in 2022.

In 2017, Belgium exported $1B to Lithuania. The main products exported from Belgium to Lithuania were Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). During the last 5 years the exports of Belgium to Lithuania have increased at an annualized rate of 1.5%, from $933M in 2022 to $1B in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Belgium (Flag)

Lithuania Exports

Belgium Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Belgium than Lithuania included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Lithuania - Belgium

Flow
Scale

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

During 2022, Lithuania had a large net trade with Belgium in the exports of Foodstuffs ($104M), Chemical Products ($89.5M), and Mineral Products ($89.4M).

During 2017, Belgium had a large net trade with Lithuania in the exports of Chemical Products ($263M), Transportation ($179M), and Machines ($139M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Belgium (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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