Lithuania (LTU) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Lithuania-Kuwait Trade: In 2022, Lithuania exported $26.1M to Kuwait. The main products that Lithuania exported to Kuwait were Other Furniture ($8.37M), Mattresses ($1.96M), and Precious Stones ($1.61M). Over the past 5 years the exports of Lithuania to Kuwait have increased at an annualized rate of 40%, from $4.85M in 2017 to $26.1M in 2022.

In 2022, Lithuania did not export any services to Kuwait.

Kuwait-Lithuania Trade: In 2022, Kuwait exported $34.2M to Lithuania. The main products that Kuwait exported to Lithuania were Refined Petroleum ($33.1M), Acyclic Alcohols ($642k), and Cars ($330k). Over the past 5 years the exports of Kuwait to Lithuania have increased at an annualized rate of 78.7%, from $1.88M in 2017 to $34.2M in 2022.

In 2022, Kuwait did not export any services to Lithuania.

Comparison: In 2022, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lithuania exported $26.1M to Kuwait. The main products exported from Lithuania to Kuwait were Other Furniture ($8.37M), Mattresses ($1.96M), and Precious Stones ($1.61M). During the last 5 years the exports of Lithuania to Kuwait have increased at an annualized rate of 40%, from $4.85M in 2017 to $26.1M in 2022.

In 2017, Kuwait exported $34.2M to Lithuania. The main products exported from Kuwait to Lithuania were Refined Petroleum ($33.1M), Acyclic Alcohols ($642k), and Cars ($330k). During the last 5 years the exports of Kuwait to Lithuania have increased at an annualized rate of 78.7%, from $1.88M in 2022 to $34.2M in 2017.

Exports from Lithuania () to Kuwait () (2022)

Exports from Kuwait () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Kuwait ()

Lithuania Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$6.18B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Lithuania than Kuwait included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

In 2022, countries that imported more from Kuwait than Lithuania included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait () and Lithuania () (2022)

Comparative Advantage Lithuania - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lithuania had a large net trade with Kuwait in the exports of Miscellaneous ($12.6M), Machines ($3.36M), and Precious Metals ($3.2M).

During 2017, Kuwait had a large net trade with Lithuania in the exports of Mineral Products ($33.1M), Chemical Products ($644k), and Transportation ($330k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Kuwait+$2.68MOther Furniture

Top Product Potential Kuwait Lithuania+$11.6MRefined Petroleum

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Kuwait () (2022)

Exports from Kuwait () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Kuwait ()

Lithuania Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Lithuania () (2022)

Comparative Advantage Lithuania - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Kuwait () (2022)

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