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. Balance of Trade in Lithuania averaged -196.60 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
2019-05-10 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 €-0.03B €-0.476B €-0.27B
2019-09-09 06:00 AM Balance of Trade Jul €-0.03B €-0.21B
2019-10-10 06:00 AM Balance of Trade Aug €-0.17B
2019-11-08 07:00 AM Balance of Trade Sep €-0.32B


Lithuania Trade Last Previous Highest Lowest Unit
Balance of Trade -29.80 -475.80 69.20 -597.50 EUR Million [+]
Current Account 246.59 -200.88 410.55 -574.42 EUR Million [+]
Current Account to GDP 1.60 0.90 3.20 -15.50 percent [+]
Imports 2447.50 2965.90 3005.50 153.20 EUR Million [+]
Exports 2417.70 2490.10 2716.00 135.50 EUR Million [+]
External Debt 33982.70 35400.20 35858.70 7273.80 EUR Million [+]
Capital Flows 118.60 189.70 925.40 -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 219.10 332.30 332.30 57.20 EUR Million [+]
Tourist Arrivals 384.50 666.50 666.50 152.80 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-29.80 -475.80 69.20 -597.50 1994 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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