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2022
Flag → Flag
Exports $2.55BRnk 13 / 209
2022
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Top Product $1.27BPetroleum Gas
2022
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Exports $1.23BRnk 12 / 196
2022
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Top Product $132MOther Furniture
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Lithuania Trade: In 2022, Norway exported $2.55B to Lithuania. The main products that Norway exported to Lithuania were Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). Over the past 5 years the exports of Norway to Lithuania have increased at an annualized rate of 27%, from $774M in 2017 to $2.55B in 2022.

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

Lithuania-Norway Trade: In 2022, Lithuania exported $1.23B to Norway. The main products that Lithuania exported to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). Over the past 5 years the exports of Lithuania to Norway have increased at an annualized rate of 4.99%,  from $922M in 2017 to $1.23B in 2022.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK1.55B and imported NOK995M from Lithuania, resulting in a positive trade balance of NOK559M. Between July 2023 and July 2024 the exports of Norway have increased by NOK904M (139%) from NOK650M to NOK1.55B, while imports increased by NOK112M (12.6%) from NOK884M to NOK995M.

Trade In July 2024, the top exports of Norway to Lithuania were Gas, natural and manufactured (NOK2.85B), Petroleum, petroleum products and related materials (NOK608M), Fish (not marine mammals), crustaceans, molluscs... (NOK259M), Medicinal and pharmaceutical products (NOK39.4M), and Plastics in primary forms (NOK15.4M). In July 2024 the top imports of Norway from Lithuania were Furniture, and parts thereof; bedding, mattresses,... (NOK248M), Manufactures of metals, n.e.s. (NOK103M), Fixed vegetable fats and oils, crude,... (NOK101M), Prefabricated buildings; sanitary, plumbing, heating and... (NOK62.6M), and Cork and wood manufactures (excluding furniture) (NOK56.2M).

Growth In July 2024, the increase in Norway's year-by-year exports to Lithuania was explained primarily by an increase in product exports in Gas, natural and manufactured (NOK2.82B or 9.29k%), Petroleum, petroleum products and related materials (NOK607M or 127k%), and Medicinal and pharmaceutical products (NOK26.4M or 203%). In July 2024, the increase in Norway's year-by-year imports  from Lithuania was explained primarily by an increase in product imports  in Fixed vegetable fats and oils, crude,... (NOK101M or 479k%), Furniture, and parts thereof; bedding, mattresses,... (NOK36.4M or 17.2%), and Manufactures of metals, n.e.s. (NOK15.5M or 17.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK904M(139%)
IMPORT GROWTH (July 2023 - July 2024)NOK112M(12.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Lithuania and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $2.55B to Lithuania. The main products exported from Norway to Lithuania were Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). During the last 5 years the exports of Norway to Lithuania have increased at an annualized rate of 27%, from $774M in 2017 to $2.55B in 2022.

In 2017, Lithuania exported $1.23B to Norway. The main products exported from Lithuania to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). During the last 5 years the exports of Lithuania to Norway have increased at an annualized rate of 4.99%, from $922M in 2022 to $1.23B in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from Norway than Lithuania included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Lithuania

Flow
Scale

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

During 2022, Norway had a large net trade with Lithuania in the exports of Mineral Products ($1.93B), Animal Products ($408M), and Plastics and Rubbers ($56.2M).

During 2017, Lithuania had a large net trade with Norway in the exports of Miscellaneous ($371M), Metals ($190M), and Machines ($111M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Lithuania+$91.7MPetroleum Gas
Top Product Potential Lithuania Norway+$19.4MRefined 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 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Lithuania (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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