2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Lithuania-Denmark Trade: In 2022, Lithuania exported $1.08B to Denmark. The main products that Lithuania exported to Denmark were Industrial Fatty Acids, Oils and Alcohols ($117M), Seats ($94.8M), and Other Furniture ($79.1M). Over the past 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 8.57%, from $718M in 2017 to $1.08B in 2022.

In 2020, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

Denmark-Lithuania Trade: In 2022, Denmark exported $623M to Lithuania. The main products that Denmark exported to Lithuania were Pesticides ($32.1M), Coffee ($29.1M), and Scrap Iron ($23M). Over the past 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 3.69%,  from $520M in 2017 to $623M in 2022.

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

Comparison: In 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $1.08B to Denmark. The main products exported from Lithuania to Denmark were Industrial Fatty Acids, Oils and Alcohols ($117M), Seats ($94.8M), and Other Furniture ($79.1M). During the last 5 years the exports of Lithuania to Denmark have increased at an annualized rate of 8.57%, from $718M in 2017 to $1.08B in 2022.

In 2017, Denmark exported $623M to Lithuania. The main products exported from Denmark to Lithuania were Pesticides ($32.1M), Coffee ($29.1M), and Scrap Iron ($23M). During the last 5 years the exports of Denmark to Lithuania have increased at an annualized rate of 3.69%, from $520M in 2022 to $623M in 2017.

Exports from Lithuania (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Lithuania (Flag) (2022)

Latest Data

Trade between Lithuania (Flag) and Denmark (Flag)

Lithuania Exports

Denmark Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Lithuania than Denmark included Latvia ($6.18B), Russia ($2.88B), and Estonia ($2.27B).

In 2022, countries that imported more from Denmark than Lithuania included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark (Flag) and Lithuania (Flag) (2022)

Comparative Advantage Lithuania - Denmark

Flow
Scale

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

During 2022, Lithuania had a large net trade with Denmark in the exports of Miscellaneous ($194M), Chemical Products ($151M), and Textiles ($104M).

During 2017, Denmark had a large net trade with Lithuania in the exports of Machines ($117M), Metals ($82.5M), and Chemical Products ($69.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Denmark+$5.88MRefined Petroleum
Top Product Potential Denmark Lithuania+$9.6MPackaged Medicaments

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, Lithuania exported services to Denmark worth $611M, with Transportation ($477M), Computer and information services ($62.6M), and Other business services ($41.9M) being the largest in terms of value.

In 2020, Denmark exported services to Lithuania worth $314M, with Transportation ($121M), Other business services ($59.5M), and Computer and information services ($55.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Lithuania (Flag) and Denmark (Flag) (2022)

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