Lithuania Trade Deficit Narrows in February

Lithuania posted a trade deficit of EUR 606.9 million in April 2026, widening from EUR 567.7 million in the same month last year. This marked the biggest trade shortfall since July last year, as exports rose more than imports. Exports climbed by 18.2% year-on-year to an over three-year high of EUR 3,613.9 million, driven largely by higher sales of mineral fuels, mineral oils and products of their distillation (88.7%), machinery and mechanical appliances (38.3%), and plastics and articles thereof (23.6%). Meanwhile, imports grew at a slightly softer 16.4% but to also a more than three-year high of EUR 4,220.8 million, due to increased purchases of mineral fuels, mineral oils and products of their distillation (49.8%), and electrical machinery and equipment and parts thereof (46.5%). In the January–April period, the country’s trade deficit narrowed to EUR 1,958 million from EUR 2,219.6 million in the same period a year ago, as exports (3.4%) rose faster than imports (1.1%).

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%).