Finland-Lithuania Bilateral Trade Analysis 2023
Complete trade statistics: $1.87B total volume •Finland surplus: $261.13M
Finland → Lithuania
$1.07B
Exports (2023)
Lithuania → Finland
$806.51M
Imports (2023)
Trade Balance
$261.13M
Surplus for Finland
Total Trade
$1.87B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Finland and Lithuania. Green line shows exports from Finland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Finland-Lithuania commercial relationship and competitive positioning in global markets.
Finland → Lithuania Exports
Export Market Intelligence
🎯 Strategic Export Focus
Finland's export portfolio to Lithuania demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Lithuania → Finland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Finland's import pattern from Lithuania reveals strategic sourcingin furskins: raw, of mink, whole, with or without head, tail or paws, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Finland demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Lithuania, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.87B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Finland-Lithuania Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.87 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Finland maintains a surplus of $261.13 million
- Export Focus: Finland's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc
- Import Dependencies: Key imports from Lithuania include furskins: raw, of mink, whole, with or without head, tail or paws, ferrous waste and scrap: of stainless steel, plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.87B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Finland leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Finland's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Lithuania's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in furskins: raw, of mink, whole, with or without head, tail or paws.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.87B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.87B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.87 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and furskins: raw, of mink, whole, with or without head, tail or paws demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Finland's trade surplus of $261.13 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Finland and Lithuania represents a total trade volume of $1.87 billion in 2023. This partnership demonstrates a favorable trade balance for Finland, with exports exceeding importsby $261.13 million.
Export Strengths
Finland's exports to Lithuania total $1.07 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $193.87M or18.2% of bilateral exports.
Import Dependencies
Imports from Lithuania amount to $806.51 million, highlighting economic interdependence in furskins: raw, of mink, whole, with or without head, tail or paws, with Furskins: raw, of mink, whole, with or without head, tail or paws comprising4.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Finland's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Finland and Lithuania in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023