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Lithuania Exports

Lithuania Exports

Exports in Lithuania

Lithuania recorded an average growth rate of 7.3% in exports over the decade to 2022, which is above the 3.8% average for the Euro Area. In 2022, Lithuania's export growth was 12.2%. For more exports information, visit our dedicated page.

Lithuania Exports Chart

Note: This chart displays Exports (G&S, ann. var. %) for Lithuania from 2014 to 2023.
Source: Statistics Lithuania.

Lithuania Exports Data

2018 2019 2020 2021 2022
Exports (G&S, ann. var. %) 7.2 10.2 -0.2 17.4 12.2

GDP growth accelerates notably in Q1

A flash release showed that GDP grew by 2.9% year on year in Q1 in calendar- and seasonally adjusted terms, marking the highest reading since Q1 2022 and contrasting the 0.1% rise recorded in Q4 2023. On a seasonally adjusted quarter-on-quarter basis, economic activity rebounded to 0.8% in Q1, following the previous period's 0.2% decline.

Absent a full breakdown, early data points to improvements in the manufacturing, wholesale and retail trade, and transportation and storage sectors as the key drivers to growth. A second data release will be available on 31 May.

Analysts at the EIU commented on the outlook: “We forecast that real GDP will post moderate growth of 1.8% in 2024. Although consumer confidence is strengthening after wage growth turned positive, household spending will remain weak, weighing on headline growth in 2024. Accommodative fiscal policy, rising public-sector wages and improving external conditions will support growth later in 2024.”

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian exports projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exports forecast available for Lithuanian exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian exports projections.

Want to get access to the full dataset of Lithuanian exports forecasts? Send an email to info@focus-economics.com.

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