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2022
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Exports $1BRnk 46 / 222
2022
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Top Product $83.8MTractors
2022
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Exports $698MRnk 21 / 196
2022
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Top Product $68MRolled Tobacco
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.93Rnk 30 / 133
2022
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GDP$579BCURRENT US$
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2012-2022
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GDP GROWTH16.6%CURRENT US$
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2022
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 GDP$70.3BCURRENT US$
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2012-2022
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GDP GROWTH63.8%CURRENT US$
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2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
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2022
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GDP PC$24,827CURRENT US$
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2012-2022
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GDP PC GROWTH72.8%CURRENT US$
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About

Belgium-Lithuania In 2022, Belgium exported $1B to Lithuania. The main products that Belgium exported to Lithuania are Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). During the last 23 years the exports of Belgium to Lithuania have increased at an annualized rate of 9.54%, from $124M in 1999 to $1B in 2022.

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

Lithuania-Belgium In 2022, Lithuania exported $698M to Belgium. The main products that Lithuania exported to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Fish: dried, salted, smoked or in brine ($60.4M). During the last 23 years the exports of Lithuania to Belgium have increased at an annualized rate of 8.85%, from $99.2M in 1999 to $698M in 2022.

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B).

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €56.8M and imported €24.4M from Lithuania, resulting in a positive trade balance of €32.4M. Between January 2023 and January 2024 the exports of Belgium have decreased by €-4.74M (-7.7%) from €61.5M to €56.8M, while imports decreased by €-9.48M (-28%) from €33.9M to €24.4M.

Trade In January 2024, the top exports of Belgium to Lithuania were Cars, tractors, trucks & parts thereof. (€18M), Machinery, mechanical appliances, & parts (€8.37M), Pharmaceutical products (€5.35M), Organic chemicals (€5.16M), and Plastics & articles thereof (€4.57M). In January 2024 the top imports of Belgium from Lithuania were Cars, tractors, trucks & parts thereof. (€4.96M), Wood, wood articles, & charcoal (€4.84M), Fish, crustaceans, & molluscs (€4.33M), Cereals (€2.55M), and Non-knitted clothing accesories (€1.67M).

Growth In January 2024, the decrease in Belgium's year-by-year exports to Lithuania was explained primarily by an decrease in product exports in Organic chemicals (€-2.91M or -36%), Rubber & articles thereof (€-588k or -46.1%), and Paints, dyes, & varnishes (€-512k or -62.3%). In January 2024, the decrease in Belgium's year-by-year imports  from Lithuania was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-1.75M or -98.8%), Iron or steel articles (€-249k or -62.6%), and Organic chemicals (€-186k or -99.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-4.74M(-7.7%)
IMPORT GROWTH (January 2023 - January 2024)€-9.48M(-28%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1B to Lithuania. The main products exported from Belgium to Lithuania were Tractors ($83.8M), Acyclic Alcohols ($73.7M), and Cars ($72.7M). During the last 23 years the exports of Belgium to Lithuania have increased at an annualized rate of 9.54%, from $124M in 1999 to $1B in 2022.

In 2022, Lithuania exported $698M to Belgium. The main products exported from Lithuania to Belgium were Rolled Tobacco ($68M), Nitrogenous Fertilizers ($66.9M), and Fish: dried, salted, smoked or in brine ($60.4M). During the last 23 years the exports of Lithuania to Belgium have increased at an annualized rate of 8.85%, from $99.2M in 1999 to $698M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Lithuania
Top DestinationLatvia$6.18B

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

In 2021, countries that imported more from Belgium than Lithuania were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Lithuania than Belgium were Latvia ($6.18B), Estonia ($2.27B), and Belarus ($1.5B).

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

Comparative Advantage Belgium - Lithuania

Flow
Scale

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

During 2022, Belgium had a large net trade with Lithuania in the exports of Chemical Products ($263M), Transportation ($179M), and Machines ($139M).

During 2022, Lithuania had a large net trade with Belgium in the exports of Foodstuffs ($104M), Chemical Products ($89.5M), and Mineral Products ($89.4M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Lithuania worth $103M, with Transportation ($32M), Computer and information services ($20.6M), and Other business services ($19.4M) being the largest in terms of value.

In 2020, Lithuania exported services to Belgium worth $382M, with Transportation ($297M), Other business services ($40M), and Construction services ($24.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Lithuania. Similarly, the more yellow a dot/product is, the more Lithuania has comparative advantage over Belgium.

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

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