2022
Exports
$675MWorld Rnk 39 / 217
Flag Rnk 10 / 1208
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.1BWorld Rnk 54 / 224
Flag Rnk 5 / 1208
2022
ECONOMIC COMPLEXITY of Lithuania
0.93Rnk 30 / 133

About

Exports In 2022, Lithuania exported $675M in Packaged Medicaments, making it the 39th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in Lithuania. The main destination of Packaged Medicaments exports from Lithuania are: Latvia ($175M), Estonia ($95.7M), Belarus ($67.8M), Germany ($57.6M), and Russia ($53.7M).

The fastest growing export markets for Packaged Medicaments of Lithuania between 2021 and 2022 were Russia ($36.8M), Uzbekistan ($32M), and Estonia ($31.5M).

Imports In 2022, Lithuania imported $1.1B in Packaged Medicaments, becoming the 54th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Lithuania. Lithuania imports Packaged Medicaments primarily from: Germany ($211M), Latvia ($125M), Poland ($96.4M), Slovenia ($94.8M), and France ($74.4M).

The fastest growing import markets in Packaged Medicaments for Lithuania between 2021 and 2022 were Italy ($20.6M), Slovenia ($17M), and Ukraine ($16M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$675M
IMPORTS (2022)$1.1B
NET TRADE (2022)-$429M

In 2022, Lithuania exported $675M in Packaged Medicaments. The main destinations of Lithuania exports on Packaged Medicaments were Latvia ($175M), Estonia ($95.7M), Belarus ($67.8M), Germany ($57.6M), and Russia ($53.7M).

In 2022, Lithuania imported $1.1B in Packaged Medicaments, mainly from Germany ($211M), Latvia ($125M), Poland ($96.4M), Slovenia ($94.8M), and France ($74.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Lithuania WERE (2021 - 2022):
Russia$36.8M (218%)
Uzbekistan$32M (238%)
Estonia$31.5M (49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Lithuania WERE (2021 - 2022):
Mexico-$56.6M (-100%)
Latvia-$20M (-10.3%)
Germany-$11.3M (-16.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Lithuania's main exporting competitors in Packaged Medicaments were:
In 2022, Lithuania's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $44.2M
TOP IMPORT POTENTIALGermany+ $52.2M

Packaged Medicaments’s highest export potential is Russia. With an export gap of $44.2M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $52.2M.

See methodology.

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