United Kingdom (GBR) and Lithuania (LTU) Trade

2022

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Exports $1.48BRnk 41 / 224

2022

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About

United Kingdom-Lithuania Trade: In 2022, United Kingdom exported $1.48B to Lithuania. The main products that United Kingdom exported to Lithuania were Crude Petroleum ($938M), Cars ($43.8M), and Gas Turbines ($30.4M). Over the past 5 years the exports of United Kingdom to Lithuania have increased at an annualized rate of 11.6%, from $852M in 2017 to $1.48B in 2022.

In 2019, United Kingdom exported services to Lithuania worth $303M, with Travel ($267M), Transportation ($20.4M), and Other business services ($10.2M) being the largest in terms of value.

Lithuania-United Kingdom Trade: In 2022, Lithuania exported $1.65B to United Kingdom. The main products that Lithuania exported to United Kingdom were Other Furniture ($244M), Nitrogenous Fertilizers ($100M), and Rolled Tobacco ($99M). Over the past 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 5.57%, from $1.07B in 2017 to $1.65B in 2022.

In 2020, Lithuania exported services to United Kingdom worth $468M, with Transportation ($207M), Computer and information services ($110M), and Other business services ($72.4M) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £83.3M and imported £100M from Lithuania, resulting in a negative trade balance of £17.1M. Between June 2023 and June 2024 the exports of United Kingdom have increased by £41.2M (98.1%) from £42M to £83.3M, while imports decreased by £-5.53M (-5.22%) from £106M to £100M.

Trade In June 2024, the top exports of United Kingdom to Lithuania were Crude Petroleum (£43.1M), Non-fillet Frozen Fish (£6.9M), Cars (£3.81M), Laboratory Reagents (£1.59M), and Microphones and Headphones (£1.25M). In June 2024 the top imports of United Kingdom from Lithuania were Other Furniture (£15.1M), Rolled Tobacco (£5.23M), Animal Food (£3.73M), LCDs (£3.72M), and Pasta (£3.25M).

Origins In June 2024 the exports of United Kingdom were mainly from Middlesbrough (£47.7M), Dover Eurotunnel (£19.9M), Harwich (£3.49M), London Heathrow Airport (£2.55M), and Dover (£2.09M), while imports destinations were mainly Dover (£36.3M), Middlesbrough (£15M), London (£10.9M), Immingham (£8.65M), and Eurotunnel (£4.51M).

Growth In June 2024, the increase in United Kingdom's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Non-fillet Frozen Fish (£2.52M or 57.5%), Cars (£2.17M or 132%), and Microphones and Headphones (£1.14M or 1.09k%). In June 2024, the decrease in United Kingdom's year-by-year imports from Lithuania was explained primarily by an decrease in product imports in Laboratory Reagents (£-10.8M or -94.4%), Sawn Wood (£-4.48M or -95.1%), and Prepr binder for foundry (£-3.71M or -96.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)£41.2M(98.1%)

IMPORT GROWTH (June 2023 - June 2024)£-5.53M(-5.22%)

MAIN EXPORTER (June 2024)Middlesbrough£47.7M

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

To check Lithuania and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $1.48B to Lithuania. The main products exported from United Kingdom to Lithuania were Crude Petroleum ($938M), Cars ($43.8M), and Gas Turbines ($30.4M). During the last 5 years the exports of United Kingdom to Lithuania have increased at an annualized rate of 11.6%, from $852M in 2017 to $1.48B in 2022.

In 2017, Lithuania exported $1.65B to United Kingdom. The main products exported from Lithuania to United Kingdom were Other Furniture ($244M), Nitrogenous Fertilizers ($100M), and Rolled Tobacco ($99M). During the last 5 years the exports of Lithuania to United Kingdom have increased at an annualized rate of 5.57%, from $1.07B in 2022 to $1.65B in 2017.

Exports from United Kingdom () to Lithuania () (2022)

Exports from Lithuania () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from United Kingdom than Lithuania included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Lithuania () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Lithuania in the exports of Mineral Products ($953M), Machines ($152M), and Transportation ($86.3M).

During 2017, Lithuania had a large net trade with United Kingdom in the exports of Miscellaneous ($348M), Foodstuffs ($304M), and Chemical Products ($171M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Lithuania+$31.4MCars

Top Product Potential Lithuania United Kingdom+$55.7MRefined 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

Ltu Year

Gbr Year

In 2019, United Kingdom exported services to Lithuania worth $303M, with Travel ($267M), Transportation ($20.4M), and Other business services ($10.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Lithuania () (2019)

Services Exports from Lithuania () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Lithuania () (2022)

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