Country intelligence · LTU · 2024

Lithuania trade profile

In 2024, Lithuania recorded $37.5B in merchandise exports and $43.9B in imports, producing a $6.4B trade deficit. Exports changed -7.0% from the previous year, while imports changed -4.9%.[1]

Exports

$37.5B

-7.0%

Imports

$43.9B

-4.9%

Trade balance

-$6.4B

deficit

Active partners

270

108 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$37.5B$43.9B-$6.4B-7.0%
2023$40.3B$46.1B-$5.8B-9.3%
2022$44.4B$51.1B-$6.7B+20.1%
2021$37.0B$42.2B-$5.2B+27.3%
2020$29.0B$31.5B-$2.4B+1.2%
2019$28.7B$33.0B-$4.3B-0.1%
2018$28.8B$34.3B-$5.5B+11.9%
2017$25.7B$29.7B-$4.0B+18.0%
2016$21.8B$25.4B-$3.6B-1.0%
2015$22.0B$26.2B-$4.2B-21.8%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

43 active HS6 lines · 149 export partners

$5.5B
2

HS 94 · HS chapter

42 active HS6 lines · 132 export partners

$3.1B
3

HS 85 · Electrical machinery

262 active HS6 lines · 173 export partners

$2.8B
4

HS 39 · HS chapter

129 active HS6 lines · 151 export partners

$2.2B
5

HS 87 · Vehicles

87 active HS6 lines · 152 export partners

$1.9B
6

HS 84 · Machinery

513 active HS6 lines · 170 export partners

$1.9B
7

HS 44 · HS chapter

102 active HS6 lines · 124 export partners

$1.4B
8

HS 30 · Pharmaceutical products

42 active HS6 lines · 115 export partners

$1.3B

Leading export markets

Destinations rank bilateral export flows from Lithuania; growth describes each corridor rather than the whole economy.

1

Latvia

Annual change -4.7% · 3-year CAGR 6.9%

$4.7B
2

Poland

Annual change -6.5% · 3-year CAGR 7.9%

$3.4B
3

Germany

Annual change +1.0% · 3-year CAGR -1.4%

$3.1B
4

Netherlands

Annual change -2.1% · 3-year CAGR 4.7%

$2.3B
5

United States

Annual change -3.0% · 3-year CAGR -4.6%

$2.0B
6

Estonia

Annual change +0.6% · 3-year CAGR 5.8%

$1.9B
7

United Kingdom

Annual change +2.1% · 3-year CAGR 4.9%

$1.6B
8

Sweden

Annual change +3.2% · 3-year CAGR -2.4%

$1.6B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.