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2023
Flag → Flag
Exports $1.62BRnk 8 / 196
2023
Flag → Flag
Top Product $228MOther Furniture
2023
Flag → Flag
Exports $936MRnk 49 / 223
2023
Flag → Flag
Top Product $536MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
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 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $27,786CURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Lithuania-United Kingdom Trade: In 2023, Lithuania exported $1.62B to United Kingdom. The main products that Lithuania exported to United Kingdom were Other Furniture ($228M), Rolled Tobacco ($96.4M), and Wood Carpentry ($62M). Over the past 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 6.32%, from $1.19B in 2018 to $1.62B in 2023.

In 2020, Lithuania exported services to United Kingdom worth $468M, with Transportation ($207M), Computer and information services ($110M), and Other business services ($72.4M) being the largest in terms of value.

United Kingdom-Lithuania Trade: In 2023, United Kingdom exported $936M to Lithuania. The main products that United Kingdom exported to Lithuania were Crude Petroleum ($536M), Cars ($20.6M), and Tractors ($16.8M). Over the past 5 years the exports of United Kingdom to Lithuania have decreased at an annualized rate of 0.25%,  from $948M in 2018 to $936M in 2023.

In 2019, United Kingdom exported services to Lithuania worth $303M, with Travel ($267M), Transportation ($20.4M), and Other business services ($10.2M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $1.62B to United Kingdom. The main products exported from Lithuania to United Kingdom were Other Furniture ($228M), Rolled Tobacco ($96.4M), and Wood Carpentry ($62M). During the last 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 6.32%, from $1.19B in 2018 to $1.62B in 2023.

In 2018, United Kingdom exported $936M to Lithuania. The main products exported from United Kingdom to Lithuania were Crude Petroleum ($536M), Cars ($20.6M), and Tractors ($16.8M). During the last 5 years the exports of United Kingdom to Lithuania have decreased at an annualized rate of 0.25%, from $948M in 2023 to $936M in 2018.

Exports from Lithuania (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Lithuania (Flag) (2023)

Latest Data

Trade between Lithuania (Flag) and United Kingdom (Flag)

Lithuania Exports

United Kingdom Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$4.44B
United Kingdom
Top DestinationUnited States$59.7B

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

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

In 2023, countries that imported more from United Kingdom than Lithuania included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Lithuania (Flag) (2023)

Comparative Advantage Lithuania - United Kingdom

Flow
Scale

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

During 2023, Lithuania had a large net trade with United Kingdom in the exports of Foodstuffs ($371M), Miscellaneous ($326M), and Plastics and Rubbers ($134M).

During 2018, United Kingdom had a large net trade with Lithuania in the exports of Mineral Products ($544M), Machines ($111M), and Transportation ($65.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania United Kingdom+$55.7MRefined Petroleum
Top Product Potential United Kingdom Lithuania+$31.4MCars

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 United Kingdom worth $468M, with Transportation ($207M), Computer and information services ($110M), and Other business services ($72.4M) being the largest in terms of value.

In 2019, United Kingdom exported services to Lithuania worth $303M, with Travel ($267M), Transportation ($20.4M), and Other business services ($10.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Lithuania (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Lithuania (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Lithuania (Flag) and United Kingdom (Flag) (2023)

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