10.07.202606:29:08UTC+00Lithuania Trade Deficit Widens in May

Lithuania recorded a trade deficit of EUR 855.2 million in May 2026, up from EUR 615.5 million in the same month a year earlier, marking the largest trade gap since July 2025. Exports in May increased by 1.4% year-on-year to EUR 3,113.8 million, driven mainly by higher shipments of mineral fuels, mineral oils and products of their distillation (up 59.7%), land vehicles and their parts (up 7.7%), as well as tobacco and manufactured tobacco substitutes (up 20.7%).

Imports, however, rose at a faster pace, climbing 7.7% to EUR 3,969.0 million. This increase was largely attributable to higher imports of mineral fuels, mineral oils and their distillation products (up 68.3%), organic chemicals (up 69.0%), and plastics and articles thereof (up 19.0%).

Over the January–May period, Lithuania’s trade deficit narrowed slightly to EUR 2,813.1 million from EUR 2,835.1 million a year earlier, as exports grew by 3.0%, outpacing the 2.4% increase in imports.