FX.co ★ Lithuania Trade Gap Widens in February

In February 2025, Lithuania's trade deficit expanded to EUR 0.608 billion, rising from EUR 0.284 billion in the same month the previous year. This increase was driven by a rise in imports coupled with a decline in exports. Imports recorded a 7.3% year-on-year growth, reaching EUR 3.460 billion. The primary contributors to this growth were electrical machinery and equipment, with a notable increase of 23.9%, and mineral fuels, oils, and distillation products, which rose by 9.9%. Among Lithuania's trading partners, imports from Poland surged by 12.9%, followed by an 11.5% rise from Germany and an 8.3% increase from Latvia. Conversely, exports decreased by 3.0%, totaling EUR 2.851 billion, largely due to a significant drop in vehicle sales, which fell by 24%, and machinery and mechanical equipment, including their parts, which declined by 15.2%. Latvia, Poland, and Germany were the leading destinations for exports, accounting for 11.8%, 11.0%, and 8.8% of the total, respectively. During the first two months of the year, Lithuania reported a deficit of EUR 0.898 billion, with exports slightly decreasing by 0.1% while imports rose by 5.6%.