2022
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GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
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 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Lithuania-Finland Trade: In 2022, Lithuania exported $838M to Finland. The main products that Lithuania exported to Finland were Iron Structures ($47.8M), Plastic Lids ($47.7M), and Rolled Tobacco ($33.8M). Over the past 5 years the exports of Lithuania to Finland have increased at an annualized rate of 11.3%, from $490M in 2017 to $838M in 2022.

In 2020, Lithuania exported services to Finland worth $164M, with Transportation ($78.8M), Other business services ($44.4M), and Travel ($11.2M) being the largest in terms of value.

Finland-Lithuania Trade: In 2022, Finland exported $1.14B to Lithuania. The main products that Finland exported to Lithuania were Refined Petroleum ($187M), Cars ($71.3M), and Coal Tar Oil ($64.5M). Over the past 5 years the exports of Finland to Lithuania have increased at an annualized rate of 12.4%,  from $633M in 2017 to $1.14B in 2022.

In 2020, Finland exported services to Lithuania worth $123M, with Other business services ($51.4M), Computer and information services ($37.7M), and Transportation ($17.1M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $838M to Finland. The main products exported from Lithuania to Finland were Iron Structures ($47.8M), Plastic Lids ($47.7M), and Rolled Tobacco ($33.8M). During the last 5 years the exports of Lithuania to Finland have increased at an annualized rate of 11.3%, from $490M in 2017 to $838M in 2022.

In 2017, Finland exported $1.14B to Lithuania. The main products exported from Finland to Lithuania were Refined Petroleum ($187M), Cars ($71.3M), and Coal Tar Oil ($64.5M). During the last 5 years the exports of Finland to Lithuania have increased at an annualized rate of 12.4%, from $633M in 2022 to $1.14B in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Finland (Flag)

Lithuania Exports

Finland Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Lithuania than Finland included Latvia ($6.18B), Belarus ($1.5B), and Poland ($3.91B).

In 2022, countries that imported more from Finland than Lithuania included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

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

Comparative Advantage Lithuania - Finland

Flow
Scale

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

During 2022, Lithuania had a large net trade with Finland in the exports of Metals ($151M), Machines ($124M), and Plastics and Rubbers ($89.8M).

During 2017, Finland had a large net trade with Lithuania in the exports of Mineral Products ($255M), Machines ($212M), and Chemical Products ($132M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Finland+$8.39MRefined Petroleum
Top Product Potential Finland Lithuania+$4.41MPackaged 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

In 2020, Lithuania exported services to Finland worth $164M, with Transportation ($78.8M), Other business services ($44.4M), and Travel ($11.2M) being the largest in terms of value.

In 2020, Finland exported services to Lithuania worth $123M, with Other business services ($51.4M), Computer and information services ($37.7M), and Transportation ($17.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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