Lithuania Trade Deficit Narrows in February

Lithuania’s trade deficit narrowed to EUR 548.3 million in March 2026 from EUR 737 million in the same month last year, as exports rose while imports dropped. Exports increased by 2.7% year-on-year to EUR 3,352.5 million, driven by higher sales of fertilizers (26.7%), optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus (29.2%), and electrical machinery and equipment (9.1%). Imports fell by 2.5% to EUR 3,900.8 million due to reduced purchases of mineral fuels, mineral oils and products of their distillation (-27%) and articles of iron or steel (-25.7%). For the first quarter, the trade deficit narrowed to EUR 1,338.6 million from EUR 1,618.7 million in the same period a year ago, as imports (-3.9%) dropped more than exports (-1.6%). During this period, exports to Latvia (3.6%), Poland (12.2%), Germany (7.8%), and Netherlands (7.4%) rose, while imports from Germany (-3.7%), China (-2.8%), and Saudi Arabia (-37.7%) fell.

Lithuania’s trade deficit narrowed to EUR 0.491 billion in February 2026 from EUR 0.564 billion in the same month a year earlier, as exports fell at a slower pace than imports. Exports declined by 1.6% year-on-year to EUR 2.870 billion, amid reduced shipments of cereals (-37.2%), iron and steel (-49.5%), and mineral fuels, mineral oils, and their distillation products (-5.6%). Meanwhile, imports dropped by a faster 3.4% to EUR 3.361 billion, mainly due to lower purchases of electrical machinery and equipment and their parts (-16.8%), machinery and mechanical equipment and their parts (-9.8%), and fertilizers (-62.6%). In the January–February period, the country’s trade deficit decreased to EUR 0.795 billion from EUR 0.882 billion in the same period last year, with exports and imports down 4.2% and 4.9%, respectively. Over this period, exports fell to the US (-44.0%), the UK (-10.8%), and Estonia (-10.5%), while imports declined most from Ukraine (-42.2%) and Belgium (-19.5%).

Lithuania’s trade deficit widened to EUR 0.334 billion in January 2026 from EUR 0.318 billion in the corresponding month a year earlier, as both exports and imports declined. Exports fell 7.5% year-on-year to EUR 2.909 billion, weighed down by decreased sales of mineral fuels, mineral oils and products of their distillation (-16.5%), miscellaneous chemical products (-30.5%), and plastics and articles thereof (-12.9%). Meanwhile, imports dropped 6.4% to EUR 3.244 billion due to decreased purchases of mineral fuels, mineral oils and products of their distillation (-14.5%), organic chemicals (-38.1%), and iron and steel (-25.5%). In January, exports declined to the United States (-48.3%), the United Kingdom (-21.8%), Estonia (-10.7%), Latvia (-6.8%), and Poland (-3.3%), while imports also fell from Saudi Arabia (-69.3%), the United States (-28.3%), France (-14.3%), and China (-6.2%).