Trade Trend

In 2023, Lithuania's total export value is 42.64Billion USD, total import value is 48.44Billion USD, Deficit is -5.80Billion USD, and foreign trade dependency is 1.170. In 2023，Lithuania's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(5.10Billion USD), Furniture and parts thereof, n.e.c. in chapter 94(1.97Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.27Billion USD), top export destinations are Latvia(4.59Billion USD), Poland(3.95Billion USD), Germany(3.31Billion USD). In 2023, Lithuania's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(5.84Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.27Billion USD), Petroleum gases and other gaseous hydrocarbons(1.94Billion USD), top import origins are Germany(6.67Billion USD), Poland(6.42Billion USD), Latvia(3.95Billion USD).

Comparing to 2022, Lithuania's total export value decreased -3.84Billion USD(-8.27%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-1.04Billion USD or -71.85%), Fertilizers; mineral or chemical, nitrogenous(-484.99Million USD or -52.80%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-305.78Million USD or -5.65%) and export decreases to countries/economics such as Latvia(-1.37Billion USD or -22.95%), Russia(-562.01Million USD or -19.52%), United States(-425.65Million USD or -17.25%). Comparing to 2022, Lithuania's total import value decreased -6.66Billion USD(-12.08%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-3.30Billion USD or -62.96%), Electrical energy(-1.57Billion USD or -62.12%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-439.29Million USD or -37.51%), and its import decreases from countries/economies such as Russia(-2.48Billion USD or -87.42%), United States(-1.01Billion USD or -24.51%), Sweden(-938.43Million USD or -32.55%).

Cumulated to first 7 months of 2024, Lithuania's total export value is 14.00Billion USD, total import value is 15.36Billion USD, and tradedeficit is -1.37Billion USD. Cumulated to first 7 months of 2024, Lithuania's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.57Billion USD), Furniture and parts thereof, n.e.c. in chapter 94(650.27Million USD), Wheat and meslin(315.51Million USD), and top export destinations are Latvia(1.41Billion USD), Poland(1.30Billion USD), Germany(1.10Billion USD). Cumulated to first 7 months of 2024, Lithuania's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.57Billion USD), Furniture and parts thereof, n.e.c. in chapter 94(650.27Million USD), Wheat and meslin(315.51Million USD), and top import origins arePoland(2.09Billion USD), Germany(1.85Billion USD), Latvia(1.21Billion USD).