Lithuania Balance of Trade

Last Release

Dec 31, 2024

Actual

-653.3

Units In

EUR Million

-417.1

Frequency

Monthly

Next Release

Mar 12, 2025

Time to Release

29 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
127.9 Dec 2020	-906.7 Dec 2022	-219.91 EUR Million	1994-2024	Statistics Lithuania

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.

Latest Updates

Lithuania’s trade deficit sharply widened to EUR 0.653 billion in December 2024, nearly doubling from EUR 0.327 billion in the same month the previous year, driven by a decline in exports and an increase in imports. Exports fell by 9.4% year-on-year to EUR 2.618 billion, while imports rose by 1.7% to EUR 3.271 billion. For the full year of 2024, the country’s trade deficit totaled EUR 4.667 billion, with exports decreasing by 7.7% and imports by 7.8%. The drop in exports was primarily due to lower sales of mineral products (-14.2%), machinery and mechanical appliances, electrical equipment (-13.6%), and products of the chemical and allied industries (-11.2%). Meanwhile, imports were mainly affected by reduced purchases of mineral products (-18.9%), machinery and mechanical appliances, electrical equipment (-17.5%), and products of the chemical and allied industries (-2.2%).