Lithuania-Denmark Bilateral Trade Analysis 2023
Complete trade statistics: $1.71B total volume •Lithuania surplus: $246.18M
Lithuania → Denmark
$977.00M
Exports (2023)
Denmark → Lithuania
$730.82M
Imports (2023)
Trade Balance
$246.18M
Surplus for Lithuania
Total Trade
$1.71B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Lithuania and Denmark. Green line shows exports from Lithuania, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Lithuania-Denmark commercial relationship and competitive positioning in global markets.
Lithuania → Denmark Exports
Export Market Intelligence
🎯 Strategic Export Focus
Lithuania's export portfolio to Denmark demonstrates strategic specialization, with biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals representing a key competitive advantage in this bilateral market.
Denmark → Lithuania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Lithuania's import pattern from Denmark reveals strategic sourcingin coffee: roasted, not decaffeinated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Lithuania demonstrates competitive strength in exportingbiodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals to Denmark, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.71B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Lithuania-Denmark Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.71 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Lithuania maintains a surplus of $246.18 million
- Export Focus: Lithuania's primary exports include biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals, seats: with wooden frames, upholstered, (excluding medical, surgical, dental, veterinary or barber furniture), furniture: wooden, other than for office, kitchen or bedroom use
- Import Dependencies: Key imports from Denmark include coffee: roasted, not decaffeinated, herbicides, anti-sprouting products and plant-growth regulators: other than containing goods of subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles, ferrous waste and scrap: n.e.c. in heading no. 7204
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 $1.71B 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 Lithuania leveraging its comparative advantages in biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals.
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
Lithuania's specialization in biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous mineralscomplements Denmark's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in coffee: roasted, not decaffeinated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.71B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.71B 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 $1.71 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals and coffee: roasted, not decaffeinated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Lithuania's trade surplus of $246.18 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 Lithuania and Denmark represents a total trade volume of $1.71 billion in 2023. This partnership demonstrates a favorable trade balance for Lithuania, with exports exceeding importsby $246.18 million.
Export Strengths
Lithuania's exports to Denmark total $977.00 million, with competitive advantages in biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals, representing $68.61M or7.0% of bilateral exports.
Import Dependencies
Imports from Denmark amount to $730.82 million, highlighting economic interdependence in coffee: roasted, not decaffeinated, with Coffee: roasted, not decaffeinated comprising8.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Lithuania'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 Lithuania and Denmark in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023