Lithuania

ECON COMPLEXITY (2018)

0.89

RANK 31 OF 137

PRODUCT EXPORTS (2018)

$32.7B

RANK 66 OF 222

EXPORTS PER CAPITA (2018)

$11.7K

RANK 126 OF 219

PRODUCT IMPORTS (2018)

$33.5B

RANK 65 OF 221

IMPORTS PER CAPITA (2018)

$12K

RANK 129 of 219

SERVICE EXPORTS (2017)

$8.8B

RANK 51 OF 139

SERVICE IMPORTS (2017)

$5.72B

RANK 61 OF 88

GDP (2018)

$53.4B

CURRENT US$
RANK 84 OF 196

GDP GROWTH (2008-2018)

11.7%

CURRENT US$
RANK 139 OF 196

GDP PC (2018)

$19,153

CURRENT US$
RANK 50 OF 196

GDP PC GROWTH (2008-2018)

28%

Overview: In 2018 Lithuania was the number 84 economy in the world in terms of GDP (current US$), the number 66 in total exports, the number 65 in total imports, and the number 31 most complex economy according to the Economic Complexity Index (ECI). In 2018, Lithuania exported $32.7B and imported $33.5B, resulting in a negative trade balance of -$786M. In 2018, Lithuania’s exports per capita were $11.7k and its imports per capita were $12k.

Trade: The top exports of Lithuania are Refined Petroleum ($4.25B), Other Furniture ($1.44B), Rolled Tobacco ($920M), Polyacetals ($651M), and Packaged Medicaments ($586M). The top imports of Lithuania are Crude Petroleum ($3.53B), Cars ($1.21B), Packaged Medicaments($931M), Refined Petroleum ($771M), and Tractors ($676M).

Destinations: Lithuania exports mostly to Russia ($4.34B), Latvia($3.04B), Poland ($2.49B), Germany ($2.35B), and Sweden ($1.55B), and imports mostly from Russia ($4.2B), Germany ($4.01B), Poland($3.88B), Latvia ($2.25B), and Netherlands ($1.65B).

Location: Lithuania borders Belarus, Latvia, Poland, and Russia by land and Sweden by sea.

Exports

In 2018 Lithuania exported a total of $32.7B, making it the number 66 exporter in the world. During the last five reported years the exports of Lithuania have changed by $4.78B from $27.9B in 2013 to $32.7B in 2018.

The most recent exports are led by Refined Petroleum ($4.25B), Other Furniture ($1.44B), Rolled Tobacco ($920M), Polyacetals ($651M), and Packaged Medicaments ($586M).

Imports

In 2018 Lithuania imported $33.5B, making it the number 65 trade destination in the world. During the last five reported years the imports of Lithuania changed by -$1.1B from $34.6B in 2013 to $33.5B in 2018.

The most recent imports of Lithuania are led by Crude Petroleum ($3.53B), Cars ($1.21B), Packaged Medicaments ($931M), Refined Petroleum ($771M), and Tractors ($676M).

Trade Balance

As of 2018 Lithuania had a negative trade balance of $4.56B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $467M in net imports.

Destinations

The most common destination for the exports of Lithuania are Russia ($4.34B), Latvia ($3.04B), Poland ($2.49B), Germany ($2.35B), and Sweden ($1.55B).

Origins

The most common import partners for Lithuania are Russia ($4.2B), Germany ($4.01B), Poland ($3.88B), Latvia ($2.25B), and Netherlands ($1.65B).