Trade Balance in Lithuania

Lithuania Trade Balance | Economic News & Forecasts

Lithuania - Trade Balance

Economic growth moderated in Q1 due to weaker performances in the industrial, wholesale and retail trade sectors. Although more comprehensive data is yet to be released, available data for the quarter hints at subdued consumer spending. The unemployment rate remained elevated in Q1, while consumer sentiment tumbled to its lowest level since the outbreak of the Covid-19 pandemic in March. Moreover, inflation hit never-before-seen levels in March, and only worsened at the outset of Q2, when price pressures hit a fresh record high. In addition, industrial output moderated markedly in April, as sanctions against Belarus—a major trading partner—took hold. Lastly, the European Commission’s recent 2022 Country Report noted that Lithuania should push forward reforms in the energy sector in order to offset rising energy costs and reduce its increasing carbon footprint.

Lithuania - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.4  -2.1  -2.3  -3.2  -2.5  

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Lithuania Trade Balance Chart

Lithuania Trade
Note: Trade balance in euro billion.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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