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Pricing

2023
Flag → Flag
Exports $98.3MRnk 80 / 142
2023
Flag → Flag
Top Product $19.6MHot-Rolled Iron Bars
2023
Flag → Flag
Exports $29MRnk 76 / 196
2023
Flag → Flag
Top Product $4.77MConcentrated Milk
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Vietnam-Lithuania Trade: In 2023, Vietnam exported $98.3M to Lithuania. The main products that Vietnam exported to Lithuania were Hot-Rolled Iron Bars ($19.6M), Coconuts, Brazil Nuts, and Cashews ($11M), and Iron Structures ($10M). Over the past 5 years the exports of Vietnam to Lithuania have increased at an annualized rate of 17.1%, from $44.7M in 2018 to $98.3M in 2023.

In 2023, Vietnam did not export any services to Lithuania.

Lithuania-Vietnam Trade: In 2023, Lithuania exported $29M to Vietnam. The main products that Lithuania exported to Vietnam were Concentrated Milk ($4.77M), Other Edible Preparations ($4.55M), and Whey and other milk products ($3.2M). Over the past 5 years the exports of Lithuania to Vietnam have increased at an annualized rate of 0.37%,  from $28.5M in 2018 to $29M in 2023.

In 2023, Lithuania did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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
Value

In 2023, Vietnam exported $98.3M to Lithuania. The main products exported from Vietnam to Lithuania were Hot-Rolled Iron Bars ($19.6M), Coconuts, Brazil Nuts, and Cashews ($11M), and Iron Structures ($10M). During the last 5 years the exports of Vietnam to Lithuania have increased at an annualized rate of 17.1%, from $44.7M in 2018 to $98.3M in 2023.

In 2018, Lithuania exported $29M to Vietnam. The main products exported from Lithuania to Vietnam were Concentrated Milk ($4.77M), Other Edible Preparations ($4.55M), and Whey and other milk products ($3.2M). During the last 5 years the exports of Lithuania to Vietnam have increased at an annualized rate of 0.37%, from $28.5M in 2023 to $29M in 2018.

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

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

Latest Data

Trade between Vietnam (Flag) and Lithuania (Flag)

Lithuania Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Vietnam than Lithuania included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

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

Comparative Advantage Vietnam - Lithuania

Flow
Scale

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

During 2023, Vietnam had a large net trade with Lithuania in the exports of Metals ($32.7M), Plastics and Rubbers ($17.7M), and Vegetable Products ($15.3M).

During 2018, Lithuania had a large net trade with Vietnam in the exports of Animal Products ($12.5M), Foodstuffs ($5.9M), and Chemical Products ($2.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Lithuania+$4.22MElectrical Transformers
Top Product Potential Lithuania Vietnam+$4.63MScrap Iron

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

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

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

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