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Last year, Lithuanian exports decreased by 11%, imports by 14.7%

In 2023, Lithuania exported goods worth EUR 39.4 billion, down 11% compared to 2022, and imported EUR 44.8 billion, down 14.7%. This was reported by the State Data Agency (VDA).

Exports of goods of Lithuanian origin decreased by 10.6%, mainly due to a fall in exports of mineral fuels, petroleum products, plastics and fertilizers. The decrease in imports is associated with a drop in imports of mineral fuels, organic chemical products, iron and steel.

Lithuania mainly exported to Latvia, Poland, and Germany. Last year Russia was the sixth and Belarus the eighth largest export partner of Lithuania.

Mainly mineral products, machinery and electrical equipment, and chemical products were exported, and mineral products, machinery and vehicles were imported.

In December, exports and imports of goods fell by 12.6% and 18.9% respectively compared to the previous month, with the annual trade deficit amounting to 5.36 billion euros.

Last year, Lithuanian exports decreased by 11%, imports by 14.7%