United States (USA) and Lithuania (LTU) Trade

2022

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Exports $3.31BRnk 55 / 219

2022

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About

United States-Lithuania Trade: In 2022, United States exported $3.31B to Lithuania. The main products that United States exported to Lithuania were Petroleum Gas ($2.12B), Cars ($231M), and Crude Petroleum ($141M). Over the past 5 years the exports of United States to Lithuania have increased at an annualized rate of 41.7%, from $580M in 2017 to $3.31B in 2022.

In 2017, United States exported services to Lithuania worth $206M, with Travel ($117M), Transportation ($34M), and Financial services ($21M) being the largest in terms of value.

Lithuania-United States Trade: In 2022, Lithuania exported $2.6B to United States. The main products that Lithuania exported to United States were Refined Petroleum ($906M), Other Plastic Products ($364M), and Other Furniture ($265M). Over the past 5 years the exports of Lithuania to United States have increased at an annualized rate of 11.1%, from $1.54B in 2017 to $2.6B in 2022.

In 2020, Lithuania exported services to United States worth $393M, with Computer and information services ($240M), Other business services ($111M), and Transportation ($25.7M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Company data: In 2023, leading companies such as IKEA Group (8.79k), Continental Materials (596), and Arhaus (9) were at the forefront of exporting goods from Lithuania to the United States. Conversely, Other (3.38k), Uab Freda (3.38k), and Ab Vilniaus Baldai (1.08k) were notable for importing products to Lithuania from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $154M and imported $149M from Lithuania, resulting in a positive trade balance of $5.44M. Between June 2023 and June 2024 the exports of United States have decreased by $-24.5M (-13.7%) from $179M to $154M, while imports decreased by $-36.7M (-19.8%) from $186M to $149M.

Trade In June 2024, the top exports of United States to Lithuania were Crude Petroleum ($73.5M), Petroleum Gas ($57M), Cars ($56.7M), Motor vehicles; parts and accessories (8701... ($6.29M), and Other Nuts ($4.12M). In June 2024 the top imports of United States from Lithuania were Refined Petroleum ($95.4M), Laboratory Reagents ($18.8M), Other Furniture ($16.6M), Iron Nails ($6.88M), and LCDs ($4.62M).

Origins In June 2024 the exports of United States were mainly from Louisiana ($21.9M), Maryland ($19.3M), California ($16M), Illinois ($15.3M), and Texas ($12.7M), while imports destinations were mainly New Jersey ($41.5M), Maryland ($25.2M), California ($11.7M), Texas ($11.1M), and New York ($7.32M).

Growth In June 2024, the decrease in United States's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Nucleic Acids ($-3.91M or -98.5%), Laboratory Reagents ($-2.31M or -48%), and Soil Preparation Machinery ($-1.51M or -82.9%). In June 2024, the decrease in United States's year-by-year imports from Lithuania was explained primarily by an decrease in product imports in Laboratory Reagents ($-30.7M or -62.1%), Enzymes ($-18.3M or -85.3%), and Electrical Transformers ($-3.39M or -91.1%).

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)$-24.5M(-13.7%)

IMPORT GROWTH (June 2023 - June 2024)$-36.7M(-19.8%)

MAIN EXPORTER (June 2024)Louisiana$21.9M

This section shows exports and imports data at subnational level for United States. 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 States over time.

To check Lithuania and United States 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 States exported $3.31B to Lithuania. The main products exported from United States to Lithuania were Petroleum Gas ($2.12B), Cars ($231M), and Crude Petroleum ($141M). During the last 5 years the exports of United States to Lithuania have increased at an annualized rate of 41.7%, from $580M in 2017 to $3.31B in 2022.

In 2017, Lithuania exported $2.6B to United States. The main products exported from Lithuania to United States were Refined Petroleum ($906M), Other Plastic Products ($364M), and Other Furniture ($265M). During the last 5 years the exports of Lithuania to United States have increased at an annualized rate of 11.1%, from $1.54B in 2022 to $2.6B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Lithuania
Top DestinationLatvia$6.18B

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

In 2022, countries that imported more from United States than Lithuania included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Lithuania than United States included Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

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

Comparative Advantage United States - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Lithuania in the exports of Mineral Products ($2.26B), Transportation ($329M), and Chemical Products ($230M).

During 2017, Lithuania had a large net trade with United States in the exports of Mineral Products ($914M), Chemical Products ($439M), and Plastics and Rubbers ($415M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Lithuania+$204MCrude Petroleum

Top Product Potential Lithuania United States+$206MRefined 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

Usa Year

In 2017, United States exported services to Lithuania worth $206M, with Travel ($117M), Transportation ($34M), and Financial services ($21M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Lithuania () (2017)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Lithuania. This means that a dot/product with the flag of United States 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 States.

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

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