Lithuania flag Lithuania: Economic and Political Overview

Foreign trade figures of Lithuania

Foreign Trade in Figures

Lithuania is a very open economy, with foreign trade representing 149% of GDP (World Bank, latest data available). According to Statistics Lithuania, in 2024, Lithuania's exports were predominantly made up of mineral products (14.2%), machinery and mechanical appliances, and electrical equipment (13.6%), followed by products of the chemical and allied industries (11.2%). On the import side, the largest categories were mineral products (18.9%), machinery and mechanical appliances, and electrical equipment (17.5%), along with products of the chemical and allied industries (12.2%). When considering goods of Lithuanian origin, the top exports were mineral products (18.1%), miscellaneous manufactured articles (11.1%), prepared foodstuffs, beverages and spirits, tobacco, and manufactured tobacco substitutes (10.5%), and machinery and mechanical appliances, electrical equipment (9.1%).

In 2024, Lithuania's key export partners were Latvia (11.9%), Poland (9.9%), and Germany (8.7%). On the import side, the largest trading partners were Poland (14%), Germany (12.4%), and Latvia (8.1%). When considering only goods of Lithuanian origin, the main export destinations were Germany (9.9%), Poland (9.6%), the Netherlands (8.7%), Latvia (7.7%), and the United States (6.8% - data Statistics Lithuania).

The country's merchandise trade balance has historically been in deficit, which can largely be explained by the energy imports and, particularly, by the large amount of gas Lithuania imports from Russia. In 2024, compared to 2023, exports decreased by 7.7%, while imports fell by 7.8%. The value of exports was EUR 39.75 billion, and imports amounted to EUR 44.84 billion. Exports fell due to decreases in ground vehicles (24.9%), mineral fuels and oils (12%), and machinery and appliances (15.7%). Imports declined mainly in mineral oils (14.4%), ground vehicles (17.1%), and machinery (11.7%). Excluding mineral products, exports dropped by 7%, while imports decreased by 6.6%. Exports of Lithuanian-origin goods declined by 0.3%, but excluding mineral products, they increased by 2.6%.

 
Foreign Trade Values 20192020202120222023
Imports of Goods (million USD) 35,75933,32944,48855,09548,436
Exports of Goods (million USD) 33,15132,80540,70646,48542,639
Imports of Services (million USD) 7,7406,7279,59811,98513,336
Exports of Services (million USD) 13,28212,48516,03218,26021,164

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20192020202120222023
Foreign Trade (in % of GDP) 148.4135.8154.8175.7149.0
Trade Balance (million USD) -2,634-455-3,418-7,684-4,918
Trade Balance (Including Service) (million USD) 2,8935,2273,002-1,4683,121
Imports of Goods and Services (Annual % Change) 6.1-4.319.212.7-5.3
Exports of Goods and Services (Annual % Change) 10.00.116.612.4-3.4
Imports of Goods and Services (in % of GDP) 71.663.475.288.972.6
Exports of Goods and Services (in % of GDP) 76.872.479.686.876.5

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20242025 (e)2026 (e)2027 (e)2028 (e)
Volume of exports of goods and services (Annual % change) 2.04.83.74.04.0
Volume of imports of goods and services (Annual % change) 1.54.94.24.44.3

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Lithuania is member of the European Union since 2004 and has close ties with nearby Baltic and Eastern European countries. It is well integrated in the international trade system and is party to a number of agreements.
 

Main Partner Countries

Main Customers
(% of Exports)
2023
Latvia 10.8%
Poland 9.3%
Germany 7.8%
Netherlands 5.9%
Estonia 5.5%
See More Countries 60.8%
Main Suppliers
(% of Imports)
2023
Germany 13.8%
Poland 13.2%
Latvia 8.1%
United States 6.4%
Netherlands 5.4%
See More Countries 53.0%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

42.6 bn USD of products exported in 2023
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 12.0%
Furniture and parts thereof, n.e.s. (excl. seats...Furniture and parts thereof, n.e.s. (excl. seats and medical, surgical, dental or veterinary furniture) 4.6%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.0%
Wheat and meslinWheat and meslin 2.4%
Cigars, cheroots, cigarillos and cigarettes of...Cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes 1.8%
See More Products 76.2%
48.4 bn USD of products imported in 2023
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 12.1%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 4.7%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 4.0%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.8%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709) 2.5%
See More Products 73.9%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import-Export Flows.

 

Main Services

21.8 bn USD of services exported in 2023
46.83%
17.36%
10.47%
8.24%
8.05%
3.25%
2.57%
2.19%
0.61%
0.32%
0.08%
0.04%
13.6 bn USD of services imported in 2023
45.64%
20.48%
13.67%
8.19%
3.85%
2.78%
1.76%
1.18%
0.87%
0.71%
0.54%
0.34%

Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Latest Update: May 2025