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2023
Flag → Flag
Exports $120MRnk 50 / 211
2023
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Top Product $21.3MWine
2023
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Exports $134MRnk 44 / 196
2023
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Top Product $31.2MPolyacetals
2023
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
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GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Lithuania Trade: In 2023, Portugal exported $120M to Lithuania. The main products that Portugal exported to Lithuania were Wine ($21.3M), Polycarboxylic Acids ($11.4M), and Amine Compounds ($7.04M). Over the past 5 years the exports of Portugal to Lithuania have decreased at an annualized rate of 0.014%, from $121M in 2018 to $120M in 2023.

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 2023, Lithuania exported $134M to Portugal. The main products that Lithuania exported to Portugal were Polyacetals ($31.2M), Barley ($14.4M), and Navigation Equipment ($6.62M). Over the past 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.66%,  from $92.6M in 2018 to $134M in 2023.

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 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €5.27M and imported €4.9M from Lithuania, resulting in a positive trade balance of €373k. Between December 2023 and December 2024 the exports of Portugal have increased by €605k (12.9%) from €4.67M to €5.27M, while imports decreased by €-1.6M (-24.6%) from €6.5M to €4.9M.

Trade In December 2024, the top exports of Portugal to Lithuania were Organic chemicals (€2.59M), Iron & steel (€2.03M), Paper articles (€990k), Wadding, felt, nonwovens, twin, ropes, &... (€764k), and Plastics & articles thereof (€496k). In December 2024 the top imports of Portugal from Lithuania were Plastics & articles thereof (€1.46M), Furniture, bedding, lamps, & prefab buildings (€505k), Electrical machinery and electronics (€438k), Optical, photo, & film equipment; medical... (€437k), and Cars, tractors, trucks & parts thereof. (€259k).

Growth In December 2024, the increase in Portugal's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Organic chemicals (€1.78M or 222%), Wadding, felt, nonwovens, twin, ropes, &... (€397k or 108%), and Paper articles (€328k or 49.6%). In December 2024, the decrease in Portugal's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Plastics & articles thereof (€-3.07M or -67.7%), Machinery, mechanical appliances, & parts (€-185k or -47.1%), and Edible products of animal origin, n.e.s. (€-142k or -49%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€605k(12.9%)
IMPORT GROWTH (December 2023 - December 2024)€-1.6M(-24.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $120M to Lithuania. The main products exported from Portugal to Lithuania were Wine ($21.3M), Polycarboxylic Acids ($11.4M), and Amine Compounds ($7.04M). During the last 5 years the exports of Portugal to Lithuania have decreased at an annualized rate of 0.014%, from $121M in 2018 to $120M in 2023.

In 2018, Lithuania exported $134M to Portugal. The main products exported from Lithuania to Portugal were Polyacetals ($31.2M), Barley ($14.4M), and Navigation Equipment ($6.62M). During the last 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 7.66%, from $92.6M in 2023 to $134M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Lithuania
Top DestinationLatvia$4.44B

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 2023, countries that imported more from Portugal than Lithuania included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Lithuania than Portugal included Latvia ($4.44B), Russia ($2.32B), and Poland ($3.37B).

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

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 2023, Portugal had a large net trade with Lithuania in the exports of Foodstuffs ($28.4M), Chemical Products ($22.2M), and Textiles ($15.9M).

During 2018, Lithuania had a large net trade with Portugal in the exports of Plastics and Rubbers ($36M), Machines ($20.9M), and Vegetable Products ($17.5M).

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) (2023)

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