Lithuania / Iceland

Lithuania-Iceland Trade: In 2022, Lithuania exported $106M to Iceland. The main products that Lithuania exported to Iceland were Other Furniture ($12.6M), Prefabricated Buildings ($12.3M), and Wood Carpentry ($8.76M). Over the past 5 years the exports of Lithuania to Iceland have increased at an annualized rate of 13.1%, from $57.5M in 2017 to $106M in 2022.

In 2020, Lithuania exported services to Iceland worth $9.82M, with Other business services ($4.45M), Transportation ($3.2M), and Computer and information services ($1.14M) being the largest in terms of value.

Iceland-Lithuania Trade: In 2022, Iceland exported $40.1M to Lithuania. The main products that Iceland exported to Lithuania were Non-fillet Frozen Fish ($29.2M), Fish Fillets ($6.33M), and Refined Petroleum ($819k). Over the past 5 years the exports of Iceland to Lithuania have increased at an annualized rate of 2.78%,  from $34.9M in 2017 to $40.1M in 2022.

In 2019, Iceland exported services to Lithuania worth $8.17M, with Travel ($5.04M), Transportation ($1.57M), and Other business services ($896k) 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.