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2022
Flag → Flag
Exports $2.49BRnk 15 / 217
2022
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Top Product $976MElectricity
2022
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Exports $1.79BRnk 8 / 196
2022
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Top Product $211MOther Furniture
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
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GDP GROWTH63.8%CURRENT US$
Rnk 38 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH72.8%CURRENT US$
Rnk 17 / 186

About

Sweden-Lithuania Trade: In 2022, Sweden exported $2.49B to Lithuania. The main products that Sweden exported to Lithuania were Electricity ($976M), Non-fillet Fresh Fish ($232M), and Refined Petroleum ($213M). Over the past 5 years the exports of Sweden to Lithuania have increased at an annualized rate of 17.9%, from $1.09B in 2017 to $2.49B in 2022.

In 2020, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

Lithuania-Sweden Trade: In 2022, Lithuania exported $1.79B to Sweden. The main products that Lithuania exported to Sweden were Other Furniture ($211M), Seats ($112M), and Rolled Tobacco ($84.4M). Over the past 5 years the exports of Lithuania to Sweden have increased at an annualized rate of 5.06%,  from $1.4B in 2017 to $1.79B in 2022.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK1.01B and imported SEK1.19B from Lithuania, resulting in a negative trade balance of SEK176M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-271M (-21.1%) from SEK1.28B to SEK1.01B, while imports increased by SEK76.5M (6.89%) from SEK1.11B to SEK1.19B.

Trade In May 2024, the top exports of Sweden to Lithuania were Electricity (SEK367M), Non-fillet Fresh Fish (SEK94.5M), Non-fillet Frozen Fish (SEK42.8M), Cars (SEK42.5M), and Packaged Medicaments (SEK28.9M). In May 2024 the top imports of Sweden from Lithuania were Other Furniture (SEK124M), Insulated Wire (SEK72.8M), Seats (SEK64.7M), Nitrogenous Fertilizers (SEK47M), and Chocolate (SEK28.2M).

Growth In May 2024, the decrease in Sweden's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Electricity (SEK-85.2M or -18.8%), Non-fillet Fresh Fish (SEK-40.3M or -29.9%), and Insulated Wire (SEK-8.91M or -35.2%). In May 2024, the increase in Sweden's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Insulated Wire (SEK30.1M or 70.5%), Chocolate (SEK17.7M or 168%), and Fuel Wood (SEK16.7M or 6.57k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK-271M(-21.1%)
IMPORT GROWTH (May 2023 - May 2024)SEK76.5M(6.89%)

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $2.49B to Lithuania. The main products exported from Sweden to Lithuania were Electricity ($976M), Non-fillet Fresh Fish ($232M), and Refined Petroleum ($213M). During the last 5 years the exports of Sweden to Lithuania have increased at an annualized rate of 17.9%, from $1.09B in 2017 to $2.49B in 2022.

In 2017, Lithuania exported $1.79B to Sweden. The main products exported from Lithuania to Sweden were Other Furniture ($211M), Seats ($112M), and Rolled Tobacco ($84.4M). During the last 5 years the exports of Lithuania to Sweden have increased at an annualized rate of 5.06%, from $1.4B in 2022 to $1.79B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Sweden than Lithuania included Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

In 2022, countries that imported more from Lithuania than Sweden included Latvia ($6.18B), Russia ($2.88B), and Belarus ($1.5B).

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

Comparative Advantage Sweden - Lithuania

Flow
Scale

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

During 2022, Sweden had a large net trade with Lithuania in the exports of Mineral Products ($1.19B), Animal Products ($265M), and Machines ($254M).

During 2017, Lithuania had a large net trade with Sweden in the exports of Miscellaneous ($396M), Metals ($268M), and Machines ($260M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Lithuania+$23.1MCars
Top Product Potential Lithuania Sweden+$10.5MRefined 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, Sweden exported services to Lithuania worth $167M, with Other business services ($57.9M), Transportation ($29M), and Travel ($17.6M) being the largest in terms of value.

In 2020, Lithuania exported services to Sweden worth $545M, with Transportation ($195M), Construction services ($130M), and Other business services ($125M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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