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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $1.79B in 2022.

In 2017, 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 2022 to $2.49B in 2017.

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

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

Latest Data

Trade between Lithuania (Flag) and Sweden (Flag)

Lithuania Exports

Sweden Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Lithuania - Sweden

Flow
Scale

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

During 2022, Lithuania had a large net trade with Sweden in the exports of Miscellaneous ($396M), Metals ($268M), and Machines ($260M).

During 2017, Sweden had a large net trade with Lithuania in the exports of Mineral Products ($1.19B), Animal Products ($265M), and Machines ($254M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Sweden+$10.5MRefined Petroleum
Top Product Potential Sweden Lithuania+$23.1MCars

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

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.

Service trade data is presented based on availability.

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

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Lithuania.

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

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