Lithuania’s trade deficit surged to a fresh record high of EUR 0.83 billion in September 2022 from EUR 0.23 billion in the same period a year earlier, as imports rose faster than exports amid rising commodity prices. Imports advanced by 56.1% to an all-time high of EUR 5.24 billion, pushed by high purchases of mineral fuel, mineral oils and their distillation products (2.8%), vehicles (54.6%), and machinery (27%). Meanwhile, exports increased at a softer 41% also to a record high of EUR 4.41 billion, as sales climbed for mineral fuel, mineral oils and their distillation products (2.4%), vehicles (77.9%), and electrical machines and equipment and their parts (35.7%). Considering January to September, the trade deficit widened to EUR 6.0 billion from EUR 2.1 billion in the same period of 2021. Among major trading partners, arrivals from Poland equated to the largest share at 11.4%, whereas Latvia accounted for the highest portion in sales at 13.1%. source: Statistics Lithuania

Balance of Trade in Lithuania averaged -205.04 EUR Million from 1994 until 2022, reaching an all time high of 127.90 EUR Million in December of 2020 and a record low of -830.00 EUR Million in September of 2022. This page provides - Lithuania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Balance of Trade in Lithuania is expected to be -200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Balance of Trade is projected to trend around -200.00 EUR Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Lithuania Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 06:00 AM Aug €-0.67B €-0.71B €-0.57B
2022-11-09 07:00 AM Sep €-0.83B €-0.666B € -0.2B
2022-12-09 07:00 AM Oct €-0.83B


Related Last Previous Unit Reference
Balance of Trade -830.00 -668.30 EUR Million Sep 2022
Exports 4410.50 4321.40 EUR Million Sep 2022
Imports 5240.50 4989.70 EUR Million Sep 2022
External Debt 42007.40 39560.10 EUR Million Jun 2022
Tourist Arrivals 567.40 305.50 Thousand Jun 2022
Tourism Revenues 162.10 99.90 EUR Million Jun 2022

Lithuania Balance of Trade
Lithuania exports mostly mineral products, machinery and mechanical appliances, electrical equipment, chemicals and foodstuffs; and imports mineral products, machinery and mechanical appliances, electrical equipment. In 2016, the largest trade deficits were recorded with Germany, Poland, Russia and Sweden, while the biggest trade surpluses were recorded with the United States, Estonia, the United Kingdom and Latvia.
Actual Previous Highest Lowest Dates Unit Frequency
-830.00 -668.30 127.90 -830.00 1994 - 2022 EUR Million Monthly

News Stream
Lithuania Trade Deficit at Record High
Lithuania’s trade deficit surged to a fresh record high of EUR 0.83 billion in September 2022 from EUR 0.23 billion in the same period a year earlier, as imports rose faster than exports amid rising commodity prices. Imports advanced by 56.1% to an all-time high of EUR 5.24 billion, pushed by high purchases of mineral fuel, mineral oils and their distillation products (2.8%), vehicles (54.6%), and machinery (27%). Meanwhile, exports increased at a softer 41% also to a record high of EUR 4.41 billion, as sales climbed for mineral fuel, mineral oils and their distillation products (2.4%), vehicles (77.9%), and electrical machines and equipment and their parts (35.7%). Considering January to September, the trade deficit widened to EUR 6.0 billion from EUR 2.1 billion in the same period of 2021. Among major trading partners, arrivals from Poland equated to the largest share at 11.4%, whereas Latvia accounted for the highest portion in sales at 13.1%.
2022-11-09
Lithuania Trade Gap Widens in August
Lithuania’s trade deficit widened to EUR 0.67 billion in August 2022 from EUR 0.17 billion in the same month a year ago. Exports rose by 44.2 percent year-on-year to EUR 4.3 billion, led by sales of ground vehicles (95%), plastics and their products (36.3%). Meantime, imports grew by 57.5 percent to EUR 4.97 billion, boosted by purchases of ground vehicles (50.6%), electrical machines and equipment and their parts (33.8%). Considering the first eight months of the year, the trade shortfall was at EUR 5.18 billion, widening sharply from a deficit of EUR 1.9 billion in the same period of 2021.
2022-10-07
Lithuania Trade Gap Widens in May
Lithuania’s trade deficit increased to EUR 523.0 million in May 2022 from USD 366.8 million in the same month a year ago, mainly due to a surge in imports, amid soaring commodity prices. Exports rose by 26.3 percent year-on-year to EUR 3.5 billion, while imports grew at a faster 28.2 percent to EUR 4.0 billion. Considering the first five months of the year, the trade shortfall was at EUR 3.0 billion, widening sharply from a deficit of EUR 1.0 billion in the same period of 2021.
2022-07-08