Lithuania recorded a trade deficit of 82 EUR Million in November of 2019. Balance of Trade in Lithuania averaged -195.27 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 -160.00 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 -240.00 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.

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Lithuania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-81.90 -92.00 69.20 -597.50 1994 - 2019 EUR Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM Aug €-0.1B €-0.38B €-0.17B
2019-11-08 07:00 AM Sep €-0.052B €-0.114B € -0.12B
2019-12-10 07:00 AM Oct €-0.1B €-0.08B €-0.38B
2020-01-09 07:00 AM Nov €-0.082B €-0.092B
2020-02-07 07:00 AM Dec €-0.082B € -0.2B


News Stream
2019-07-10
Lithuania Posts Largest Trade Gap Since 2008
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.

2019-06-07
Lithuania Trade Gap Narrows in April
Lithuania's trade deficit narrowed to EUR 231.7 million in April of 2019 from EUR 264.7 million in the corresponding month of the previous year. Imports rose 13.6 percent year-on-year to EUR 2,649.7 million, boosted by higher purchases of plastics and articles thereof (15.8 percent); organic chemicals (43 percent), and crude oil (2.4 percent). Exports increased at a faster 17 percent to EUR 2,418 million, driven by sales of other mineral products (12.1 percent); mineral products (15.1 percent). Considering the first four months of the year, the trade balance recorded a EUR 716.7 million deficit, compared with a EUR 936.3 million gap in the same period of 2018.

2019-05-10
Lithuania Trade Deficit Narrows in March
Lithuania's trade deficit narrowed to EUR 154.8 million in March of 2019 from EUR 200.3 million in the corresponding month of the previous year. Imports rose 3.0 percent year-on-year to EUR 2,662.3 million, boosted by higher purchases of plastics and articles thereof (14.5 percent); pharmaceuticals products (17.6 percent), and fertilizer (47.4 percent). Exports increased at a faster 5.2 percent to EUR 2,507.5 million, driven by sales of fertilizer (41.3 percent); oil products (7.6 percent), and plastics and articles thereof (11.7 percent). Considering the first three months of the year, the trade balance recorded a EUR 512.8 billion deficit, compared with a EUR 671.7 billion gap in the same period of 2018.

2019-04-09
Lithuania Posts Largest Trade Gap in 4 Months
Lithuania's trade deficit widened to EUR 260.6 million in February of 2019 from EUR 218.8 million in the corresponding month of the previous year. It was the largest trade deficit since October last year, as imports rose 10.2 percent year-on-year to EUR 2,506.8 million, boosted by higher purchases of aircraft and aircraft parts (11 percent) and natural gas (92.2 percent). Exports increased 9.2 percent to EUR 2,246.3 million, driven by sales of cereal (5.7 percent); fertilizers (32.3 percent); and ground vehicles (27.9 percent). Considering the first two months of the year, the trade balance recorded a EUR 352.5 billion deficit, compared with a EUR 471.3 billion gap in the same period of 2018.

2019-03-12
Lithuania Posts Smallest Trade Gap in 13 Months
Lithuania's trade deficit declined to EUR 87.9 million in January of 2019 from EUR 252.5 million in the corresponding month of the previous year. It was the smallest trade deficit since December 2017, as exports rose while imports almost were unchanged at EUR 2,358.3 million. Exports increased 7.8 percent to EUR 2,270.5 million, driven by sales of furniture (12 percent); fertilizers (32.1 percent); and ground vehicles (18.6 percent).

2019-02-08
Lithuania Trade Deficit Widens in December
Lithuania's trade deficit increased to EUR 161.2 million in December of 2018 from EUR 60.5 million in the corresponding month of the previous year. Imports increased 1.7 percent to EUR 2,458.9 million, mainly due to lower purchases of goods other than mineral products (-0.5 percent). Meantime, exports declined 2.5 percent to EUR 2,297.7 million, dragged by sales of cereals (-53.6 percent); machinery and mechanical appliances, parts thereof (-13.8 percent).


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.

Lithuania Trade Last Previous Highest Lowest Unit
Balance of Trade -81.90 -92.00 69.20 -597.50 EUR Million [+]
Current Account 222.90 482.70 482.70 -574.42 EUR Million [+]
Current Account to GDP 1.60 0.90 3.20 -15.50 percent [+]
Imports 2636.70 2851.60 3005.50 153.20 EUR Million [+]
Exports 2554.90 2759.60 2759.60 135.50 EUR Million [+]
External Debt 33858.40 34108.70 35858.70 7273.80 EUR Million [+]
Capital Flows 525.60 621.00 925.40 -791.80 EUR Million [+]
Remittances 283.81 264.55 428.27 75.89 EUR Million [+]
Gold Reserves 5.82 5.82 5.82 5.78 Tonnes [+]
Terrorism Index 0.46 0.00 0.46 0.00 [+]
Tourism Revenues 219.10 332.30 332.30 57.20 EUR Million [+]
Tourist Arrivals 384.50 666.50 666.50 152.80 Thousand [+]
Foreign Direct Investment 419.18 -198.89 845.47 -604.85 EUR Million [+]
Crude Oil Production 2.00 2.00 9.90 2.00 BBL/D/1K [+]