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2023
Flag → Flag
Exports $69kRnk 185 / 196
2023
Flag → Flag
Top Product $61.3kRefined Petroleum
2023
Flag → Flag
Exports $13.5kRnk 39 / 92
2023
Flag → Flag
Top Product $97.8kPrecious Metal Scraps
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag  
GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 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$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Lithuania-Somalia Trade: In 2023, Lithuania exported $69k to Somalia. The main products that Lithuania exported to Somalia were Refined Petroleum ($61.3k), Other Measuring Instruments ($5.07k), and Antifreeze ($1.7k). Over the past 5 years the exports of Lithuania to Somalia have increased at an annualized rate of 21.9%, from $25.6k in 2018 to $69k in 2023.

In 2023, Lithuania did not export any services to Somalia.

Somalia-Lithuania In N/A, Somalia did not export any products to Lithuania.

In 2023, Somalia did not export any services to Lithuania.

Comparison In 2023,  Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85),  and 63 in total exports ($41B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lithuania exported $69k to Somalia. The main products exported from Lithuania to Somalia were Refined Petroleum ($61.3k), Other Measuring Instruments ($5.07k), and Antifreeze ($1.7k). During the last 5 years the exports of Lithuania to Somalia have increased at an annualized rate of 21.9%, from $25.6k in 2018 to $69k in 2023.

Somalia does not register exports to Lithuania. The main products exported from Somalia to Lithuania were Precious Metal Scraps ($97.8k), Oscilloscopes ($13.7k), and Other Measuring Instruments ($2.15k).

Exports from Lithuania (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Lithuania (Flag) (2023)

Latest Data

Trade between Lithuania (Flag) and Somalia (Flag)

Lithuania Exports

Market Competitiveness

Color
Lithuania
Top DestinationLatvia$4.44B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Lithuania than Somalia included Latvia ($4.44B), Poland ($3.37B), and Germany ($2.83B).

In 2023, countries that imported more from Somalia than Lithuania included United Arab Emirates ($360M), Oman ($180M), and Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Lithuania (Flag) (2023)

Comparative Advantage Lithuania - Somalia

Flow
Scale

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

During 2023, Lithuania had a large net trade with Somalia in the exports of Mineral Products ($61.3k), Instruments ($5.07k), and Chemical Products ($2.61k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Somalia+$150kRefined Petroleum
Top Product Potential Somalia Lithuania+$2.23kGold

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

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

Product Space of Lithuania (Flag) and Somalia (Flag) (2023)

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