Lithuania Trade Deficit Narrows in February

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%).

Lithuania’s trade deficit narrowed to EUR 0.506 billion in December 2025 from EUR 0.632 billion in December 2024, as exports grew at a much faster pace than imports. Exports surged 8% year-on-year to EUR 2.856 billion, supported by strong increases in fertilizers (44.2%), optics, photography, cinematography, measuring, control, precision, medical or surgical instruments and apparatus (6.8%), and pharmaceutical products (5.8%). Meanwhile, imports also rose by 2.6% year-on-year to EUR 3.361 billion, driven by higher purchases of electrical machinery and equipment (14%), land vehicles (10%), and machinery and mechanical equipment (7.5%). Over this period, exports rose to Ukraine (16.6%), Denmark (11.5%), United Kingdom (6.6%), Latvia (4.8%), and Poland (3.6%), while imports also increased from China (20.6%), United States (12%), Sweden (6.7%), Latvia (8.3%), and Germany (8.5%). However, for full-year 2025, the country’s trade deficit widened to EUR 6.525 billion from EUR 4.598 billion.