Lithuania (LTU) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Lithuania-Finland Trade: In 2023, Lithuania exported $788M to Finland. The main products that Lithuania exported to Finland were Plastic Lids ($45M), Raw Furskins ($37.6M), and Scrap Iron ($32.7M). Over the past 5 years the exports of Lithuania to Finland have increased at an annualized rate of 7.08%, from $560M in 2018 to $788M in 2023.

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 2023, Finland exported $1.09B to Lithuania. The main products that Finland exported to Lithuania were Refined Petroleum ($206M), Cars ($70.2M), and Computers ($63.2M). Over the past 5 years the exports of Finland to Lithuania have increased at an annualized rate of 3.83%, from $901M in 2018 to $1.09B in 2023.

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 2023, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lithuania exported $788M to Finland. The main products exported from Lithuania to Finland were Plastic Lids ($45M), Raw Furskins ($37.6M), and Scrap Iron ($32.7M). During the last 5 years the exports of Lithuania to Finland have increased at an annualized rate of 7.08%, from $560M in 2018 to $788M in 2023.

In 2018, Finland exported $1.09B to Lithuania. The main products exported from Finland to Lithuania were Refined Petroleum ($206M), Cars ($70.2M), and Computers ($63.2M). During the last 5 years the exports of Finland to Lithuania have increased at an annualized rate of 3.83%, from $901M in 2023 to $1.09B in 2018.

Exports from Lithuania () to Finland () (2023)

Exports from Finland () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Finland ()

Lithuania Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$4.44B

Finland
Top DestinationUnited States$9.68B

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 2023, countries that imported more from Lithuania than Finland included Latvia ($4.44B), Belarus ($1.84B), and Russia ($2.32B).

In 2023, countries that imported more from Finland than Lithuania included United States ($9.68B), Sweden ($8.13B), and Germany ($9.26B).

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

Comparative Advantage Lithuania - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lithuania had a large net trade with Finland in the exports of Machines ($125M), Metals ($118M), and Plastics and Rubbers ($74.2M).

During 2018, Finland had a large net trade with Lithuania in the exports of Machines ($278M), Mineral Products ($210M), and Transportation ($143M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Fin Year

Ltu Year

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 () to Finland () (2020)

Services Exports from Finland () 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 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.

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Finland () (2023)

Exports from Finland () to Lithuania () (2023)

Latest Data

Trade between Lithuania () and Finland ()

Lithuania Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Lithuania - Finland

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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