Lithuania Trade Deficit Narrows Slightly in August

Lithuania’s trade deficit narrowed to €223.3 million in August 2026 from €274.4 million in the same month last year, as exports grew faster than imports. Exports increased by 14.9% year-on-year to €3,461.0 million, mainly driven by higher exports of mineral fuels, mineral oils and products of their distillation (41.2%), cereals (66.6%), and ground vehicles and parts thereof (27.1%). Imports rose by 12.1% to €3,684.3 million, reflecting increased imports of mineral fuels, mineral oils and products of their distillation (26.4%), and ground vehicles and parts thereof (24.7%). For the January-August period, Lithuania’s trade deficit narrowed slightly to €4,414.7 million from €4,422.7 million a year ago. During this period, Lithuania’s goods were primarily exported to Latvia, which accounted for 13.4% of total exports, followed by Poland (11.9%) and Germany (9.0%). Imports were sourced predominantly from Poland (12.2%), Germany (9.3%), Latvia (8.6%), and Netherlands (7.7%).

Lithuania’s trade deficit narrowed to €643.8 million in July 2026 from €909.2 million in the same month last year, as exports rose much faster than imports. Exports increased 13.6% year-on-year to €3,353.6 million, mainly due to higher exports of mineral fuels, mineral oils and products of their distillation (62.2%), cereals (3.0%), and machinery and mechanical appliances and parts (18.3%). Imports rose 3.5% to €3,997.3 million, amid increased imports of mineral fuels, mineral oils and products of their distillation (17.1%), electrical machinery and equipment and parts (8.8%), and organic chemicals (53.1%). For the January-July period, Lithuania’s trade deficit widened slightly to €4,198.6 million from €4,148.3 million a year ago. During this period, Lithuania’s goods were primarily exported to Latvia, which accounted for 13.4% of total exports, followed by Poland (12.2%) and Germany (9.1%). Imports were sourced predominantly from Poland (13.8%), Germany (12.7%), and Latvia (8.4%).

Lithuania posted a trade deficit of EUR 713.1 million in June 2026, widening from EUR 404.0 million in the corresponding month a year earlier. Exports increased 18.5% year-on-year to EUR 3,546.5 million, driven by higher shipments of mineral fuels, mineral oils and products of their distillation (52.5%), plastics and articles thereof (19.2%), and iron and steel (2.4%). Meanwhile, imports climbed 25.4% to EUR 4,259.6 million, mainly reflecting stronger purchases of mineral fuels, mineral oils and products of their distillation (2.1%), ground vehicles and parts thereof (20.3%), and electrical machinery, equipment and parts thereof (23.9%). Over the first six months of the year, the country's trade deficit widened to EUR 3,526 million from EUR 3,239 million, as imports (6.0%) continued to outpace exports (5.5%). Exports increased to Latvia (13.9%), Poland (26.2%), and the Netherlands (14.5%), while imports also rose from Poland (6.0%), Germany (2.5%), Latvia (9.0%), and Norway (90.9%).