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2023
Flag → Flag
Exports $2.46BRnk 14 / 205
2023
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Top Product $1.53BCrude Petroleum
2023
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Exports $1.2BRnk 12 / 196
2023
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Top Product $148MOther Furniture
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
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GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
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GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Norway-Lithuania Trade: In 2023, Norway exported $2.46B to Lithuania. The main products that Norway exported to Lithuania were Crude Petroleum ($1.53B), Petroleum Gas ($674M), and Other Plastic Products ($29.5M). Over the past 5 years the exports of Norway to Lithuania have increased at an annualized rate of 36.6%, from $518M in 2018 to $2.46B in 2023.

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

Lithuania-Norway Trade: In 2023, Lithuania exported $1.2B to Norway. The main products that Lithuania exported to Norway were Other Furniture ($148M), Seats ($115M), and Prefabricated Buildings ($66M). Over the past 5 years the exports of Lithuania to Norway have increased at an annualized rate of 2.78%,  from $1.05B in 2018 to $1.2B in 2023.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK975M and imported NOK894M from Lithuania, resulting in a positive trade balance of NOK81M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-53.4M (-5.19%) from NOK1.03B to NOK975M, while imports decreased by NOK-21.5M (-2.35%) from NOK916M to NOK894M.

Trade In December 2024, the top exports of Norway to Lithuania were Petroleum, petroleum products and related materials (NOK588M), Fish (not marine mammals), crustaceans, molluscs... (NOK304M), Medicinal and pharmaceutical products (NOK59.9M), Road vehicles (including air-cushion vehicles) (NOK24.1M), and Manufactures of metals, n.e.s. (NOK12.3M). In December 2024 the top imports of Norway from Lithuania were Furniture, and parts thereof; bedding, mattresses,... (NOK243M), Manufactures of metals, n.e.s. (NOK103M), Miscellaneous manufactured articles, n.e.s. (NOK53.7M), Articles of apparel and clothing accessories (NOK48.7M), and Prefabricated buildings; sanitary, plumbing, heating and... (NOK43.5M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Gas, natural and manufactured (NOK-2.85B or -100%), Petroleum, petroleum products and related materials (NOK-20M or -3.3%), and Plastics in primary forms (NOK-6.57M or -42.7%). In December 2024, the decrease in Norway's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Fixed vegetable fats and oils, crude,... (NOK-101M or -100%), Prefabricated buildings; sanitary, plumbing, heating and... (NOK-19.1M or -30.5%), and Feeding stuff for animals (not including... (NOK-18.1M or -62.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-53.4M(-5.19%)
IMPORT GROWTH (December 2023 - December 2024)NOK-21.5M(-2.35%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Lithuania and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $2.46B to Lithuania. The main products exported from Norway to Lithuania were Crude Petroleum ($1.53B), Petroleum Gas ($674M), and Other Plastic Products ($29.5M). During the last 5 years the exports of Norway to Lithuania have increased at an annualized rate of 36.6%, from $518M in 2018 to $2.46B in 2023.

In 2018, Lithuania exported $1.2B to Norway. The main products exported from Lithuania to Norway were Other Furniture ($148M), Seats ($115M), and Prefabricated Buildings ($66M). During the last 5 years the exports of Lithuania to Norway have increased at an annualized rate of 2.78%, from $1.05B in 2023 to $1.2B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Norway than Lithuania included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Lithuania than Norway included Latvia ($4.44B), Russia ($2.32B), and Belarus ($1.84B).

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

Comparative Advantage Norway - Lithuania

Flow
Scale

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

During 2023, Norway had a large net trade with Lithuania in the exports of Mineral Products ($2.21B), Animal Products ($49.6M), and Plastics and Rubbers ($43.4M).

During 2018, Lithuania had a large net trade with Norway in the exports of Miscellaneous ($361M), Metals ($169M), and Machines ($123M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Lithuania+$91.7MPetroleum Gas
Top Product Potential Lithuania Norway+$19.4MRefined 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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Bilateral Service Trade

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Lithuania (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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