2023
Exports
$709MWorld Rnk 40 / 214
Flag Rnk 7 / 1204
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.38BWorld Rnk 50 / 226
Flag Rnk 4 / 1212
2023
ECONOMIC COMPLEXITY of Lithuania
0.85Rnk 32 / 132

About

Exports In 2023, Lithuania exported $709M in Packaged Medicaments, making it the 40th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most exported product in Lithuania. The main destination of Packaged Medicaments exports from Lithuania are: Latvia ($210M), Uzbekistan ($99.5M), Belarus ($70.9M), Estonia ($67.7M), and Germany ($47.1M).

The fastest growing export markets for Packaged Medicaments of Lithuania between 2022 and 2023 were Uzbekistan ($26.1M), Latvia ($23.8M), and Estonia ($14.4M).

Imports In 2023, Lithuania imported $1.38B in Packaged Medicaments, becoming the 50th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Lithuania. Lithuania imports Packaged Medicaments primarily from: Germany ($227M), Latvia ($165M), France ($160M), Slovenia ($130M), and Poland ($107M).

The fastest growing import markets in Packaged Medicaments for Lithuania between 2022 and 2023 were France ($73.7M), Netherlands ($25.9M), and Latvia ($25.7M).

Latest Trends

Dec 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 (2023)$709M
IMPORTS (2023)$1.38B
NET TRADE (2023)-$676M

In 2023, Lithuania exported $709M in Packaged Medicaments. The main destinations of Lithuania exports on Packaged Medicaments were Latvia ($210M), Uzbekistan ($99.5M), Belarus ($70.9M), Estonia ($67.7M), and Germany ($47.1M).

In 2023, Lithuania imported $1.38B in Packaged Medicaments, mainly from Germany ($227M), Latvia ($165M), France ($160M), Slovenia ($130M), and Poland ($107M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Lithuania WERE (2022 - 2023):
Uzbekistan$26.1M (35.5%)
Latvia$23.8M (12.8%)
Estonia$14.4M (27.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Lithuania WERE (2022 - 2023):
Russia-$24.2M (-45.1%)
Germany-$5.36M (-10.2%)
United States-$5.2M (-84.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Lithuania's main exporting competitors in Packaged Medicaments were:
In 2023, 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
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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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