Lithuania recorded a trade deficit of 40 EUR Million in March of 2020.

Balance of Trade in Lithuania averaged -194.13 EUR Million from 1994 until 2020, 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. 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 May of 2020.

Balance of Trade in Lithuania is expected to be 60.00 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 2021, according to our econometric models.

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Lithuania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-41.60 -138.00 69.20 -597.50 1994 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 07:00 AM Dec €-0.18B €-0.08B € -0.2B
2020-03-10 07:00 AM Jan €-0.12B €-0.18B
2020-04-09 06:00 AM Feb €-0.13B €-0.12B €-0.25B
2020-05-08 06:00 AM Mar €-0.04B €-0.14B € -0.16B
2020-06-09 06:00 AM Apr €-0.04B
2020-07-10 06:00 AM May
2020-08-07 06:00 AM Jun € -0.05B
2020-09-09 06:00 AM Jul


News Stream
Lithuania Posts Smallest Trade Gap in 6 Years
Lithuania's trade deficit narrowed sharply to EUR 29.8 million in June of 2019 from EUR 135.9 million in the corresponding month of the previous year. This was the smallest trade gap since June 2013, when trade balance a posted surplus of EUR 18.5 million as exports fell less than imports. Imports dropped 6.2 percent year-on-year to EUR 2,447.8 million, dragged down by lower purchases of iron and steel (-29.4%), crude oil (-12.5%), machinery and mechanical appliances and parts thereof (-9.5%). Exports decreased at a softer 2.3 percent to EUR 2,417.7 million, led by sales of various chemical products (-25.1%); tobacco and manufactured tobacco substitutes (-23.9%); machinery and mechanical appliances and parts thereof (-6.4%), and mineral products (-5.4%). Considering the first half of the year, the trade balance recorded a EUR 1,247.6 million deficit, compared with a EUR 1,469.3 million gap in the same period of 2018.
2019-08-09
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.
2019-07-10
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.
2019-06-07

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.