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2022
Flag → Flag
Exports $214MRnk 39 / 208
2022
Flag → Flag
Top Product $99.6MPolycarboxylic Acids
2022
Flag → Flag
Exports $140MRnk 41 / 196
2022
Flag → Flag
Top Product $43.8MPolyacetals
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Portugal-Lithuania Trade: In 2022, Portugal exported $214M to Lithuania. The main products that Portugal exported to Lithuania were Polycarboxylic Acids ($99.6M), Wine ($10.8M), and Hot-Rolled Iron Bars ($10.6M). Over the past 5 years the exports of Portugal to Lithuania have increased at an annualized rate of 31.6%, from $54.3M in 2017 to $214M in 2022.

In 2020, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Lithuania-Portugal Trade: In 2022, Lithuania exported $140M to Portugal. The main products that Lithuania exported to Portugal were Polyacetals ($43.8M), Other Plastic Products ($8.25M), and Other Edible Preparations ($5.23M). Over the past 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 9.33%,  from $89.8M in 2017 to $140M in 2022.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €10.6M and imported €7.28M from Lithuania, resulting in a positive trade balance of €3.29M. Between June 2023 and June 2024 the exports of Portugal have increased by €1.54M (17.1%) from €9.03M to €10.6M, while imports decreased by €-5.05M (-40.9%) from €12.3M to €7.28M.

Trade In June 2024, the top exports of Portugal to Lithuania were Iron & steel (€3.63M), Organic chemicals (€805k), Paper articles (€662k), Coated, covered, & laminated fabrics for... (€386k), and Wadding, felt, nonwovens, twin, ropes, &... (€368k). In June 2024 the top imports of Portugal from Lithuania were Plastics & articles thereof (€4.53M), Optical, photo, & film equipment; medical... (€408k), Machinery, mechanical appliances, & parts (€394k), Electrical machinery and electronics (€375k), and Edible products of animal origin, n.e.s. (€291k).

Growth In June 2024, the increase in Portugal's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Iron & steel (€3.63M or 15.8M%), Coated, covered, & laminated fabrics for... (€343k or 803%), and Ceramic products (€260k or 419%). In June 2024, the decrease in Portugal's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Cars, tractors, trucks & parts thereof. (€-968k or -90.9%), Machinery, mechanical appliances, & parts (€-364k or -48%), and Optical, photo, & film equipment; medical... (€-243k or -37.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€1.54M(17.1%)
IMPORT GROWTH (June 2023 - June 2024)€-5.05M(-40.9%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Lithuania and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lithuania and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $214M to Lithuania. The main products exported from Portugal to Lithuania were Polycarboxylic Acids ($99.6M), Wine ($10.8M), and Hot-Rolled Iron Bars ($10.6M). During the last 5 years the exports of Portugal to Lithuania have increased at an annualized rate of 31.6%, from $54.3M in 2017 to $214M in 2022.

In 2017, Lithuania exported $140M to Portugal. The main products exported from Lithuania to Portugal were Polyacetals ($43.8M), Other Plastic Products ($8.25M), and Other Edible Preparations ($5.23M). During the last 5 years the exports of Lithuania to Portugal have increased at an annualized rate of 9.33%, from $89.8M in 2022 to $140M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Portugal than Lithuania included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Lithuania than Portugal included Latvia ($6.18B), Russia ($2.88B), and Poland ($3.91B).

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

Comparative Advantage Portugal - Lithuania

Flow
Scale

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

During 2022, Portugal had a large net trade with Lithuania in the exports of Chemical Products ($103M), Metals ($32.7M), and Foodstuffs ($16.8M).

During 2017, Lithuania had a large net trade with Portugal in the exports of Plastics and Rubbers ($54.7M), Machines ($15.6M), and Foodstuffs ($15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Lithuania+$2.07MPackaged Medicaments
Top Product Potential Lithuania Portugal+$4.44MRefined Petroleum

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, Portugal exported services to Lithuania worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

In 2020, Lithuania exported services to Portugal worth $14.5M, with Transportation ($12.7M), Travel ($914k), and Computer and information services ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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