2022
Flag  
GDP
$467BCURRENT US$
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2012-2022
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GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$70.3BCURRENT US$
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2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
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2022
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GDP PC 
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
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GDP PC
$24,827CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
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About

Singapore-Lithuania In 2022, Singapore exported $55.9M to Lithuania. The main products that Singapore exported to Lithuania are Passenger and Cargo Ships ($38.7M), Bi-Wheel Vehicle Parts ($5.37M), and Ink ($1.38M). During the last 27 years the exports of Singapore to Lithuania have increased at an annualized rate of 11.1%, from $3.29M in 1995 to $55.9M in 2022.

In 2022, Singapore did not export any services to Lithuania.

Lithuania-Singapore In 2022, Lithuania exported $255M to Singapore. The main products that Lithuania exported to Singapore were Refined Petroleum ($152M), Other Plastic Products ($47.9M), and Animal or Vegetable Fertilizers ($6.48M). During the last 27 years the exports of Lithuania to Singapore have increased at an annualized rate of 14.2%, from $7.12M in 1995 to $255M in 2022.

In 2020, Lithuania exported services to Singapore worth $43.5M, with Computer and information services ($24.1M), Transportation ($17.2M), and Other business services ($1.83M) being the largest in terms of value.

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $55.9M to Lithuania. The main products exported from Singapore to Lithuania were Passenger and Cargo Ships ($38.7M), Bi-Wheel Vehicle Parts ($5.37M), and Ink ($1.38M). During the last 27 years the exports of Singapore to Lithuania have increased at an annualized rate of 11.1%, from $3.29M in 1995 to $55.9M in 2022.

In 2022, Lithuania exported $255M to Singapore. The main products exported from Lithuania to Singapore were Refined Petroleum ($152M), Other Plastic Products ($47.9M), and Animal or Vegetable Fertilizers ($6.48M). During the last 27 years the exports of Lithuania to Singapore have increased at an annualized rate of 14.2%, from $7.12M in 1995 to $255M in 2022.

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

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

Latest Data

Trade between Singapore (Flag) and Lithuania (Flag)

Singapore Exports

Lithuania Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Lithuania
Top Destination
Latvia$6.18B

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

In 2021, countries that imported more from Singapore than Lithuania were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2021, countries that imported more from Lithuania than Singapore were Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

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

Comparative Advantage Singapore - Lithuania

Flow
Scale

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

During 2022, Singapore had a large net trade with Lithuania in the exports of Transportation ($44.3M), Machines ($4.85M), and Chemical Products ($3.98M).

During 2022, Lithuania had a large net trade with Singapore in the exports of Mineral Products ($157M), Plastics and Rubbers ($48.3M), and Machines ($12.6M).

Service Trade

Bilateral Service Trade

In 2020, Lithuania exported services to Singapore worth $43.5M, with Computer and information services ($24.1M), Transportation ($17.2M), and Other business services ($1.83M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Singapore has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Singapore.

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

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