Lithuania's trade deficit widened to EUR 470.4 million in May of 2019 from EUR 356.8 million in the corresponding month of the previous year. This was the largest trade gap since April 2008, as exports rose less than imports. Imports rose 9.3 percent year-on-year to EUR 2,951.8 million, boosted by higher purchases of crude oil (24.2 percent); ground vehicles (15.6 percent); fertilizer (2.4 percent) and other mineral products (6.7 percent). Exports increased at a softer 5.8 percent to EUR 2,481.4 million, driven by sales of ground vehicles (21.3 percent); cereal (2.1 percent); other mineral products (6.8 percent) and furniture (13.1 percent). Considering the first five months of the year, the trade balance recorded a EUR 1,208.5 million deficit, compared with a EUR 1,333.4 million gap in the same period of 2018. Balance of Trade in Lithuania averaged -196.24 EUR Million from 1994 until 2019, reaching an all time high of 69.20 EUR Million in August of 1994 and a record low of -597.50 EUR Million in March of 2008.

Balance of Trade in Lithuania is expected to be -320.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Lithuania to stand at 60.00 in 12 months time. In the long-term, the Lithuania Balance of Trade is projected to trend around -200.00 EUR Million in 2020, according to our econometric models.

Lithuania Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-09 06:00 AM Balance of Trade Feb €-0.26B €-0.09B €-0.18B
2019-05-10 06:00 AM Balance of Trade Mar €-0.15B €-0.26B €0.05B
2019-06-07 06:00 AM Balance of Trade Apr €-0.23B €-0.13B €-0.27B
2019-07-10 06:00 AM Balance of Trade May €-0.47B €-0.24B €-0.40B
2019-08-09 06:00 AM Balance of Trade Jun €-0.47B €-0.27B
2019-09-09 06:00 AM Balance of Trade Jul €-0.21B
2019-10-10 06:00 AM Balance of Trade Aug €-0.17B


Lithuania Trade Last Previous Highest Lowest Unit
Balance of Trade -470.40 -239.60 69.20 -597.50 EUR Million [+]
Current Account -200.88 -116.79 410.55 -574.42 EUR Million [+]
Current Account to GDP 1.60 0.90 3.20 -15.50 percent [+]
Imports 2951.80 2663.70 3005.50 153.20 EUR Million [+]
Exports 2481.40 2424.10 2716.00 135.50 EUR Million [+]
External Debt 33982.70 35400.20 35858.70 7273.80 EUR Million [+]
Capital Flows 189.70 78.00 925.40 -791.80 EUR Million [+]
Remittances 286.03 286.72 428.27 75.89 EUR Million [+]
Gold Reserves 5.80 5.80 5.82 5.78 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourism Revenues 207.40 297.80 297.80 57.20 EUR Million [+]
Tourist Arrivals 347.30 568.30 568.30 152.80 Thousand [+]
Foreign Direct Investment 85.13 227.44 814.41 -393.82 EUR Million [+]
Crude Oil Production 2.00 2.00 9.90 2.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Lithuania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-470.40 -239.60 69.20 -597.50 1994 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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