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2023
Flag → Flag
Exports $1.86BRnk 24 / 216
2023
Flag → Flag
Top Product $477MElectricity
2023
Flag → Flag
Exports $1.39BRnk 10 / 196
2023
Flag → Flag
Top Product $171MOther Furniture
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 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 $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 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

Sweden-Lithuania Trade: In 2023, Sweden exported $1.86B to Lithuania. The main products that Sweden exported to Lithuania were Electricity ($477M), Non-fillet Fresh Fish ($196M), and Tractors ($98.7M). Over the past 5 years the exports of Sweden to Lithuania have increased at an annualized rate of 7.09%, from $1.32B in 2018 to $1.86B in 2023.

In 2020, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

Lithuania-Sweden Trade: In 2023, Lithuania exported $1.39B to Sweden. The main products that Lithuania exported to Sweden were Other Furniture ($171M), Seats ($104M), and Insulated Wire ($80.2M). Over the past 5 years the exports of Lithuania to Sweden have decreased at an annualized rate of 1.96%,  from $1.53B in 2018 to $1.39B in 2023.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.19B and imported SEK1.36B from Lithuania, resulting in a negative trade balance of SEK169M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-46.7M (-3.76%) from SEK1.24B to SEK1.19B, while imports increased by SEK109M (8.71%) from SEK1.25B to SEK1.36B.

Trade In October 2024, the top exports of Sweden to Lithuania were Electricity (SEK367M), Non-fillet Fresh Fish (SEK94.5M), Non-fillet Frozen Fish (SEK42.8M), Cars (SEK42.5M), and Packaged Medicaments (SEK28.9M). In October 2024 the top imports of Sweden from Lithuania were Other Furniture (SEK124M), Insulated Wire (SEK72.8M), Seats (SEK64.7M), Nitrogenous Fertilizers (SEK47M), and Chocolate (SEK28.2M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Electricity (SEK-85.2M or -18.8%), Non-fillet Fresh Fish (SEK-40.3M or -29.9%), and Insulated Wire (SEK-8.91M or -35.2%). In October 2024, the increase in Sweden's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Insulated Wire (SEK30.1M or 70.5%), Chocolate (SEK17.7M or 168%), and Fuel Wood (SEK16.7M or 6.57k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-46.7M(-3.76%)
IMPORT GROWTH (October 2023 - October 2024)SEK109M(8.71%)

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $1.86B to Lithuania. The main products exported from Sweden to Lithuania were Electricity ($477M), Non-fillet Fresh Fish ($196M), and Tractors ($98.7M). During the last 5 years the exports of Sweden to Lithuania have increased at an annualized rate of 7.09%, from $1.32B in 2018 to $1.86B in 2023.

In 2018, Lithuania exported $1.39B to Sweden. The main products exported from Lithuania to Sweden were Other Furniture ($171M), Seats ($104M), and Insulated Wire ($80.2M). During the last 5 years the exports of Lithuania to Sweden have decreased at an annualized rate of 1.96%, from $1.53B in 2023 to $1.39B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Sweden than Lithuania included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

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

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

Comparative Advantage Sweden - Lithuania

Flow
Scale

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

During 2023, Sweden had a large net trade with Lithuania in the exports of Mineral Products ($520M), Transportation ($277M), and Machines ($252M).

During 2018, Lithuania had a large net trade with Sweden in the exports of Miscellaneous ($328M), Machines ($241M), and Metals ($174M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Lithuania+$23.1MCars
Top Product Potential Lithuania Sweden+$10.5MRefined 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, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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