Lithuania’s Economy: GDP, Exports/Imports + Trading Countries

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By total GDP volume, Lithuania positions as the 84th economy in the world. The country also ranks as:

  • 66th product export economy
  • 51st service export economy

The total export volume in Lithuania for the past measured year was $41.5 billion, with a $39.22 billion import total.

This left Lithuania with a positive trade balance of $2.28 billion.

Lithuania's Top 5 Commodity Exports

Lithuania's five most exported commodities are:

  1. Refined Petroleum $4.2 billion
  2. Rolled Tobacco $920 million
  3. Wheat $532 million
  4. Scrap Iron $338 million
  5. Sawn Wood $267 million

Other Notable Exports

  • Other Furniture – $1.44 billion
  • Polyacetals – $651 million
  • Packaged Medicaments – $586 million
  • Seats $501 million
  • Laboratory Reagents $460 million

Lituania's GDP

Here is an overview of Lithuania's overall gross-domestic-produce statistics and how it they rank 84th in the world:

  • GDP Growth: 11.7% (2008-2018)
  • GDP Total: $53.4bn
  • GDP Per Capita: $19,153

The $19,153 GDP per-capita puts Lithuania 50th out of 196 world economies.

Lithuania's Top 5 Commodity Imports

The five most imported commodities to Lithuania are:

  1. Crude Petroleum – $3.5 billion
  2. Refined Petroleum – $771 million
  3. Petroleum Gas – $622 million
  4. Non-fillet Fresh Fish – $421 million
  5. Sawn Wood – $246 million

Other Notable Imports

It is worth considering that the overall oil and mineral fuels statistic is responsible for the below crude petroleum and refined petroleum figures.

  • Cars – $1.2 billion
  • Packaged Medicaments – $931 million
  • Tractors – $676 million
  • Broadcasting Equipment – $646 million
  • Trailers – $467 million

More Information on Exports/Imports

Below we list the highest imported and exported product categories, as well as the countries with who Lithuania trades with the most.

Export & Import Distribution by Product Categories

Lithuania's most exported product categories are:

  1. Machines – $4.83 billion
  2. Mineral Products – $4.72 billion
  3. Chemical Products – $3.66 billion
  4. Miscellaneous (products like furniture, seats, mattresses, pre-built homes) – $2.67 billion
  5. Foodstuffs – $2.95 billion

The most imported product categories are:

  1. Machines – $6.01 billion
  2. Mineral Products- $5.44 billion
  3. Chemical Products – $4 billion
  4. Transportation – $3.79 billion
  5. Metals – $2.44 billion

Export & Import Distribution by Destination Country & Origin

The most popular destinations for Lithuanian export products are:

  1. Russia – 13.3%
  2. Latvia – 9.28%
  3. Poland – 7.62%
  4. Germany – 7.18%
  5. Sweden – 4.74%

Meanwhile, the countries of origin from which Lithuania imports the most produce from are:

  1. Russia – 26%
  2. Germany – 5.99%
  3. Poland – 5.87%
  4. Latvia – 5.49%
  5. Netherlands – 5.27%

Sources & Further Reading

Our data was collected from:

  • OEC – Economic overview, GDP stats, trading countries
  • GlobalEdge – Individual commodity export-import data

Additional Commodity Resources

If you'd like to learn more about Lithuania's most abundant commodities and where to trade them, see our pages on:

Neighbouring Economic Profiles & Debt Clocks

Alongside the economic profiles of Lithuania's most traded countries, we have live debt clocks for some of it's neighbouring countries:

Debt clocks can be a useful metric to determine a nation's economic health.

All currency is reported in US dollars.

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