Saudi Arabia (SAU) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Lithuania Trade: In 2023, Saudi Arabia exported $2.17B to Lithuania. The main products that Saudi Arabia exported to Lithuania were Crude Petroleum ($2.17B), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($1.8M), and Ethylene Polymers ($1.35M). Over the past 5 years the exports of Saudi Arabia to Lithuania have increased at an annualized rate of 29.7%, from $592M in 2018 to $2.17B in 2023.

In 2023, Saudi Arabia did not export any services to Lithuania.

Lithuania-Saudi Arabia Trade: In 2023, Lithuania exported $219M to Saudi Arabia. The main products that Lithuania exported to Saudi Arabia were Wheat ($103M), Butter ($21.2M), and Sawn Wood ($17.1M). Over the past 5 years the exports of Lithuania to Saudi Arabia have decreased at an annualized rate of 4.86%, from $281M in 2018 to $219M in 2023.

In 2023, Lithuania did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $2.17B to Lithuania. The main products exported from Saudi Arabia to Lithuania were Crude Petroleum ($2.17B), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($1.8M), and Ethylene Polymers ($1.35M). During the last 5 years the exports of Saudi Arabia to Lithuania have increased at an annualized rate of 29.7%, from $592M in 2018 to $2.17B in 2023.

In 2018, Lithuania exported $219M to Saudi Arabia. The main products exported from Lithuania to Saudi Arabia were Wheat ($103M), Butter ($21.2M), and Sawn Wood ($17.1M). During the last 5 years the exports of Lithuania to Saudi Arabia have decreased at an annualized rate of 4.86%, from $281M in 2023 to $219M in 2018.

Exports from Saudi Arabia () to Lithuania () (2023)

Exports from Lithuania () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Lithuania ()

Saudi Arabia Exports

Date

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Saudi Arabia than Lithuania included China ($64.4B), India ($34.8B), and Japan ($34.7B).

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

Difference in imports from Lithuania () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Lithuania in the exports of Mineral Products ($2.17B), Plastics and Rubbers ($3.01M), and Chemical Products ($1.91M).

During 2018, Lithuania had a large net trade with Saudi Arabia in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Lithuania+$7.17MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

Top Product Potential Lithuania Saudi Arabia+$4.14MOther Furniture

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 Saudi Arabia and Lithuania. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Saudi Arabia.

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Lithuania () (2023)

Exports from Lithuania () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Lithuania ()

Saudi Arabia Exports

Lithuania Exports

Market Competitiveness

Difference in imports from Lithuania () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Lithuania () (2023)

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