2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
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About

Portugal-Lithuania Trade: In 2022, Portugal exported $214M to Lithuania. The main products that Portugal exported to Lithuania were Polycarboxylic Acids ($99.6M), Wine ($10.8M), and Hot-Rolled Iron Bars ($10.6M). Over the past 5 years the exports of Portugal to Lithuania have increased at an annualized rate of 31.6%, from $54.3M in 2017 to $214M in 2022.

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Lithuania-Portugal Trade: In 2022, Lithuania exported $140M to Portugal. The main products that Lithuania exported to Portugal were Polyacetals ($43.8M), Other Plastic Products ($8.25M), and Other Edible Preparations ($5.23M). Over the past 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 9.33%,  from $89.8M in 2017 to $140M in 2022.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $214M to Lithuania. The main products exported from Portugal to Lithuania were Polycarboxylic Acids ($99.6M), Wine ($10.8M), and Hot-Rolled Iron Bars ($10.6M). During the last 5 years the exports of Portugal to Lithuania have increased at an annualized rate of 31.6%, from $54.3M in 2017 to $214M in 2022.

In 2017, Lithuania exported $140M to Portugal. The main products exported from Lithuania to Portugal were Polyacetals ($43.8M), Other Plastic Products ($8.25M), and Other Edible Preparations ($5.23M). During the last 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 9.33%, from $89.8M in 2022 to $140M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Lithuania
Top Destination
Latvia$6.18B

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

In 2022, countries that imported more from Portugal than Lithuania included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Lithuania than Portugal included Latvia ($6.18B), Russia ($2.88B), and Poland ($3.91B).

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

Comparative Advantage Portugal - Lithuania

Flow
Scale

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

During 2022, Portugal had a large net trade with Lithuania in the exports of Chemical Products ($103M), Metals ($32.7M), and Foodstuffs ($16.8M).

During 2017, Lithuania had a large net trade with Portugal in the exports of Plastics and Rubbers ($54.7M), Machines ($15.6M), and Foodstuffs ($15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Lithuania+$2.07MPackaged Medicaments
Top Product Potential Lithuania Portugal+$4.44MRefined 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 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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