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2022
Flag → Flag
Exports $934MRnk 15 / 196
2022
Flag → Flag
Top Product $147MCheese
2022
Flag → Flag
Exports $1.59BRnk 53 / 221
2022
Flag → Flag
Top Product $64.2MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Lithuania-Italy Trade: In 2022, Lithuania exported $934M to Italy. The main products that Lithuania exported to Italy were Cheese ($147M), Dried/Salted/Smoked/Brined Fish ($83.4M), and Other Furniture ($69.6M). Over the past 5 years the exports of Lithuania to Italy have increased at an annualized rate of 6.7%, from $675M in 2017 to $934M in 2022.

In 2020, Lithuania exported services to Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

Italy-Lithuania Trade: In 2022, Italy exported $1.59B to Lithuania. The main products that Italy exported to Lithuania were Packaged Medicaments ($64.2M), Cars ($55M), and Other Small Iron Pipes ($48.1M). Over the past 5 years the exports of Italy to Lithuania have increased at an annualized rate of 5.72%,  from $1.21B in 2017 to $1.59B in 2022.

In 2020, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $934M to Italy. The main products exported from Lithuania to Italy were Cheese ($147M), Dried/Salted/Smoked/Brined Fish ($83.4M), and Other Furniture ($69.6M). During the last 5 years the exports of Lithuania to Italy have increased at an annualized rate of 6.7%, from $675M in 2017 to $934M in 2022.

In 2017, Italy exported $1.59B to Lithuania. The main products exported from Italy to Lithuania were Packaged Medicaments ($64.2M), Cars ($55M), and Other Small Iron Pipes ($48.1M). During the last 5 years the exports of Italy to Lithuania have increased at an annualized rate of 5.72%, from $1.21B in 2022 to $1.59B in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Italy (Flag)

Lithuania Exports

Italy Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$6.18B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Lithuania than Italy included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

In 2022, countries that imported more from Italy than Lithuania included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Lithuania - Italy

Flow
Scale

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

During 2022, Lithuania had a large net trade with Italy in the exports of Animal Products ($271M), Miscellaneous ($87.4M), and Wood Products ($85.9M).

During 2017, Italy had a large net trade with Lithuania in the exports of Machines ($373M), Chemical Products ($176M), and Metals ($157M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Italy+$18.7MOther Furniture
Top Product Potential Italy Lithuania+$34.2MPackaged 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 Italy worth $372M, with Transportation ($343M), Travel ($14.8M), and Other business services ($7.31M) being the largest in terms of value.

In 2020, Italy exported services to Lithuania worth $157M, with Transportation ($70.2M), Travel ($52.8M), and Other business services ($25M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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