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2022
Flag → Flag
Exports $1.65BRnk 9 / 196
2022
Flag → Flag
Top Product $244MOther Furniture
2022
Flag → Flag
Exports $1.48BRnk 41 / 224
2022
Flag → Flag
Top Product $938MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Lithuania-United Kingdom Trade: In 2022, Lithuania exported $1.65B to United Kingdom. The main products that Lithuania exported to United Kingdom were Other Furniture ($244M), Nitrogenous Fertilizers ($100M), and Rolled Tobacco ($99M). Over the past 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 9.06%, from $1.07B in 2017 to $1.65B in 2022.

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 2022, United Kingdom exported $1.48B to Lithuania. The main products that United Kingdom exported to Lithuania were Crude Petroleum ($938M), Cars ($43.8M), and Gas Turbines ($30.4M). Over the past 5 years the exports of United Kingdom to Lithuania have increased at an annualized rate of 11.6%,  from $852M in 2017 to $1.48B in 2022.

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 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $1.65B to United Kingdom. The main products exported from Lithuania to United Kingdom were Other Furniture ($244M), Nitrogenous Fertilizers ($100M), and Rolled Tobacco ($99M). During the last 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 9.06%, from $1.07B in 2017 to $1.65B in 2022.

In 2017, United Kingdom exported $1.48B to Lithuania. The main products exported from United Kingdom to Lithuania were Crude Petroleum ($938M), Cars ($43.8M), and Gas Turbines ($30.4M). During the last 5 years the exports of United Kingdom to Lithuania have increased at an annualized rate of 11.6%, from $852M in 2022 to $1.48B in 2017.

Exports from Lithuania (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Lithuania (Flag) (2022)

Latest Data

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

Lithuania Exports

United Kingdom Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$6.18B
United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Lithuania than United Kingdom included Latvia ($6.18B), Estonia ($2.27B), and Russia ($2.88B).

In 2022, countries that imported more from United Kingdom than Lithuania included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Lithuania (Flag) (2022)

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 2022, Lithuania had a large net trade with United Kingdom in the exports of Miscellaneous ($348M), Foodstuffs ($304M), and Chemical Products ($171M).

During 2017, United Kingdom had a large net trade with Lithuania in the exports of Mineral Products ($953M), Machines ($152M), and Transportation ($86.3M).

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) (2022)

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