That dollar total results from a 21.4% increase compared to $32.8 billion five years earlier during 2020.
From 2023 to 2024, the total value of Lithuanian exports fell -6.6% starting from $42.6 billion.
Based on the average exchange rate for 2024, Lithuania’s currency is the euro which flatlined via a 0.02% gain against the US dollar from 2023 to 2024. The modestly stronger European Union currency made Lithuania’s exports paid for in weaker US dollars slightly less expensive for international buyers.
Best Trading Partners Buying Lithuanian Exports
The latest available country-specific data shows that 68.1% of products exported from Lithuania was bought by importers in: Latvia (11.9% of the Lithuanian total), Poland (9.9%), Germany (8.8%), Netherlands (6.8%), Estonia (6%), United States of America (5%), Sweden (4.3%), United Kingdom (4%), Ukraine (3.4%), Belarus (2.8%), France (2.7%) and Norway (2.6%).
From a continental perspective, 83.5% of Lithuania’s exports by value was delivered to fellow European countries while 7.1% was sold to Asian importers. Lithuania shipped another 5.5% worth of goods to buyers in North America.
Lithuania joined the European Union on May 1, 2004. Fellow EU member states bought 67.2% of overall Lithuanian export sales compared to 60.8% one year prior.
Smaller percentages went to customers based in Africa (2.8%), Latin America (0.6%) excluding Mexico but including the Caribbean, then Oceania (0.5%) led by Australia and New Zealand.
Given Lithuania’s population of 2.89 million people, its total $39.8 billion in 2024 exports translates to roughly $13,800 for every resident in the Baltic country. That per-capita metric lags the average $14,800 in 2023.
Lithuania’s Top 10 Exports
The following export product groups represent the highest dollar value in Lithuanian global shipments during 2024. Also shown is the percentage share each export category represents in terms of overall exports from Lithuania.
- Mineral fuels including oil: US$5.6 billion (14.1% of total exports)
- Electrical machinery, equipment: $3.3 billion (8.2%)
- Furniture, bedding, lighting, signs, prefab buildings: $3.1 billion (7.8%)
- Vehicles: $2.4 billion (6.1%)
- Plastics, plastic articles: $2.3 billion (5.7%)
- Machinery including computers: $2.1 billion (5.3%)
- Wood: $1.5 billion (3.8%)
- Pharmaceuticals: $1.4 billion (3.4%)
- Optical, technical, medical apparatus: $1.2 billion (3%)
- Other chemical goods: $1.1 billion (2.9%)
Lithuania’s top 10 exports accounted for 60.3% of the overall value of Lithuanian shipments.
Pharmaceuticals represent the fastest grower among the top 10 export categories, up by 15.2% since 2023.
In second place for improving export sales were miscellaneous chemical goods via a 6.2% advance.
Lithuania’s shipments of electrical machinery and equipment posted the third-fastest gain in value, up by 5.7% year over year.
The leading decliner among Lithuania’s top 10 export categories was vehicles which reduced by -24.5% from 2023.
At the detailed 4-digit Harmonized Tariff System level, Lithuania’s 10 most valuable exported products were processed petroleum oils (10.3% of the Lithuanian total), miscellaneous furniture (4.8%), wheat (2.2%), medication mixes in dosage (also 2.2%), cars (1.9%), miscellaneous diagnostic and laboratory reagents (1.8%), phone devices including smartphones (1.8%), cigars, cigarellos or cigarettes (1.8%), polyacetal ether carbonates (also 1.8%), then seats excluding barber or dentist chairs (1.5%).
Top Products Generating Trade Surpluses for Lithuania
The following types of Lithuanian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.
In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.
- Furniture, bedding, lighting, signs, prefab buildings: US$2.5 billion (Down by -2% since 2023)
- Cereals: $943.2 million (Down by -7.6%)
- Wood: $628 million (Down by -0.04%)
- Tobacco, manufactured substitutes: $447.8 million (Down by -13.5%)
- Other chemical goods: $429.5 million (Up by 28.4%)
- Dairy, eggs, honey: $327.6 million (Up by 26.5%)
- Fertilizers: $306.2 million (Up by 23.3%)
- Plastics, plastic articles: $302 million (Up by 28.7%)
- Optical, technical, medical apparatus: $267.7 million (Up by 23.7%)
- Oil seeds: $266.3 million (Up by 26%)
Lithuania has highly positive net exports in the international trade of furniture, lighting, signs and prefabricated buildings. In turn, these cashflows indicate Lithuania’s strong competitive advantages under that product category.
Top Products Causing Trade Deficits for Lithuania
Lithuania incurred an overall -US$4.9 billion trade deficit for 2024, slimming by -14.9% from the -$5.8 billion in red ink during 2023.
Below are exports from Lithuania that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Lithuania’s goods trail Lithuanian importer spending on foreign products.
- Mineral fuels including oil: -US$2.4 billion (Down by -30% since 2023)
- Vehicles: -$2.3 billion (Down by -7.3%)
- Machinery including computers: -$1.6 billion (Down by -2%)
- Electrical machinery, equipment: -$872.1 million (Down by -19.8%)
- Organic chemicals: -$666.6 million (Up by 37.4%)
- Pharmaceuticals: -$577.4 million (Down by -4.3%)
- Iron, steel: -$412.7 million (Up by 6.7%)
- Salt, sulphur, stone, cement: -$259.1 million (Up by 148%)
- Paper, paper items: -$247.4 million (Up by 19.7%)
- Fruits, nuts: -$237 million (Up by 6.3%)
Lithuania has highly negative net exports and therefore deep international trade deficits under the mineral fuels-related category, historically for crude oil, petroleum gases and electricity.
These cashflow deficiencies clearly indicate Lithuania’s competitive disadvantages in the international fossil fuel market, but also represent key opportunities for Lithuania to improve its position in the global economy through
Lithuanian Export Companies
Wikipedia lists the following Lithuania-based companies involved in international trade.
- AB Stumbras (alcoholic beverages)
- Achema (fertilizers)
- Alita (alcoholic beverages)
- Dvarčionių keramika (ceramics)
- EKSPLA (photonics, lasers)
In macroeconomic terms, Lithuania’s total exported goods represent 25.4% of its overall Gross Domestic Product for 2024 ($156.8 billion valued in Purchasing Power Parity US dollars). That 25.4% for exports to overall GDP in PPP for 2024 compares to 30.9% one year earlier. Those percentages suggest a relatively decreasing reliance on products sold on international markets for Lithuania’s total economic performance, albeit based on a short timeframe.
Another key indicator of a country’s economic performance is its unemployment rate. Lithuania’s unemployment rate averaged 7.133% for 2024, up from an average 6.875% one year earlier in 2023 according to International Monetary Fund statistics.
Lithuania’s capital city is Vilnius.
See also Lithuania’s Top 10 Imports, Lithuania’s Top Trading Partners, Russia’s Top Trading Partners and Russia’s Top 10 Exports
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on September 13, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on September 13, 2025
International Monetary Fund, Exchange Rates selected indicators (Domestic Currency per U.S. dollar, period average). Accessed on September 13, 2025
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on September 13, 2025
International Trade Centre, Trade Map. Accessed on September 13, 2025
Investopedia, Net Exports Definition. Accessed on September 13, 2025
Wikipedia, Gross domestic product. Accessed on September 13, 2025
Wikipedia, List of Companies of Lithuania. Accessed on September 13, 2025
Wikipedia, Purchasing power parity. Accessed on September 13, 2025