Lithuania’s trade deficit surged to a fresh record high of EUR 0.83 billion in September 2022 from EUR 0.23 billion in the same period a year earlier, as imports rose faster than exports amid rising commodity prices. Imports advanced by 56.1% to an all-time high of EUR 5.24 billion, pushed by high purchases of mineral fuel, mineral oils and their distillation products (2.8%), vehicles (54.6%), and machinery (27%). Meanwhile, exports increased at a softer 41% also to a record high of EUR 4.41 billion, as sales climbed for mineral fuel, mineral oils and their distillation products (2.4%), vehicles (77.9%), and electrical machines and equipment and their parts (35.7%). Considering January to September, the trade deficit widened to EUR 6.0 billion from EUR 2.1 billion in the same period of 2021. Among major trading partners, arrivals from Poland equated to the largest share at 11.4%, whereas Latvia accounted for the highest portion in sales at 13.1%. source: Statistics Lithuania
Balance of Trade in Lithuania averaged -205.04 EUR Million from 1994 until 2022, reaching an all time high of 127.90 EUR Million in December of 2020 and a record low of -830.00 EUR Million in September of 2022. 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 December of 2022.
Balance of Trade in Lithuania is expected to be -200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Balance of Trade is projected to trend around -200.00 EUR Million in 2023, according to our econometric models.