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. Balance of Trade in Lithuania averaged -195.22 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 -270.00 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 -220.00 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
2019-02-08 07:00 AM Balance of Trade €-0.16B €-0.14B €-0.09B
2019-03-12 07:00 AM Balance of Trade €-0.09B €-0.16B €-0.28B
2019-04-09 06:00 AM Balance of Trade €-0.26B €-0.09B €-0.18B
2019-05-10 06:00 AM Balance of Trade €-0.15B €-0.26B €0.05B
2019-06-07 06:00 AM Balance of Trade €-0.15B €-0.27B
2019-07-10 06:00 AM Balance of Trade €-0.40B
2019-08-09 06:00 AM Balance of Trade €-0.27B


Lithuania Trade Last Previous Highest Lowest Unit
Balance of Trade -154.80 -263.50 69.20 -597.50 EUR Million [+]
Current Account -12.53 -92.47 410.55 -574.42 EUR Million [+]
Current Account to GDP 1.60 0.90 3.20 -15.50 percent [+]
Imports 2662.30 2521.50 3049.70 153.20 EUR Million [+]
Exports 2507.50 2258.00 2714.20 135.50 EUR Million [+]
External Debt 35400.20 35858.70 35858.70 7273.80 EUR Million [+]
Capital Flows -27.20 341.80 925.40 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-154.80 -263.50 69.20 -597.50 1994 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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