1.  Overview the trade of LITHUANIA in goods current year until 202208

According to Dalian Infobank, in 202208, LITHUANIA's exports and imports of goods amounted to 9382.7170 million, and were up 29.94% comparing with the same period of last year. Among these, exports were up 24.04% at 4353.8668 million, and imports were up 35.53% at 5028.8502 million. And the corresponding trade deficit was 674.9833 million and up 236.85%.

During the current year until 202208, LITHUANIA's total exports and imports of goods were 65773.1988 million and were up 22.46% comparing to the same period of last year. Among these, exports were 30124.6415 million and up 17.14%; imports were 35648.5573 million and up 27.36%. The total trade deficit was 5523.9158 million and up 142.92%.

If considering by country (region), POLAND, LATVIA, GERMANY, RUSSIA, UNITED STATES were LITHUANIA's top five trading partners. During the current year until 202208, LITHUANIA's imports and exports to five countries/territories were 6908.6805 million, 6495.6577 million, 6433.8030 million, 4868.9511 million, 4333.6123 million. These values correspond to 10.50%, 9.88%, 9.78%, 7.40%, 6.59% of LITHUANIA's imports and exports, and, respectively, were up 27.01%, up 41.59%, up 9.77%, down 14.68%, up 75.15% comparing to the same period of last year.

Current year until 202208, LITHUANIA and the top five trade partners LATVIA, POLAND, GERMANY, RUSSIA, ESTONIA are the top five countries/territories that LITHUANIA exports to in terms of the total export amount. During the current year until 202208, LITHUANIA's exports to these five countries/territories were 3881.1857 million, 2778.9010 million, 2424.2639 million, 2055.1464 million, 1739.8365 million. These values correspond to 12.88%, 9.22%, 8.05%, 6.82%, 5.78% of LITHUANIA's exports and, respectively, were up 60.47%, up 44.41%, up 10.99%, down 25.97%, up 41.38% comparing with the same period of last year.

Current year until 202208, LITHUANIA's exports to top five countries/territories POLAND, GERMANY, RUSSIA, UNITED STATES, LATVIA are the top five countries/territories that LITHUANIA imports from in terms of the total export amount. During the current year until 202208, LITHUANIA's imports from these five countries/territories were 4129.7795 million, 4009.5391 million, 2813.8047 million, 2704.2437 million, 2614.4720 million. These values correspond to 11.58%, 11.25%, 7.89%, 7.59%, 7.33% of LITHUANIA's total imports and, respectively, were up 17.49%, up 9.05%, down 3.98%, up 242.21%, up 20.53% comparing with the same period of last year.

During the current year until 202208, the trade surplus of LITHUANIA was mainly from LATVIA, ESTONIA, UKRAINE, DENMARK, NIGERIA at 1266.7137 million, 583.5276 million, 315.6722 million, 271.5264 million, 216.8550 million, and up 407.82%, up 114.23%, down 51.60%, up 62.74%, up 23.49%. And the trade deficits were mainly from GERMANY, CHINA, POLAND, UNITED STATES, SAUDI ARABIA at 1585.2753 million, 1387.3229 million, 1350.8785 million, 1074.8751 million, 960.3676 million, and up 6.20%, up 42.04%, down 15.07%, down 220.26%, down 1484.61%.

Current year until 202208, LITHUANIA's trade surplus or deficit with top five countries/territories During the current year until 202208,  commodities with hs2 codes, 27, 87, 84, 85, 39, were LITHUANIA's top five traded commodities. They correspond to the import and export values of 15305.1750 million, 4323.4104 million, 4301.9296 million, 4067.2126 million, 3565.8259 million, which were up 142.23%, up 5.27%, down 8.36%, up 3.39%, up 12.30% comparing with the same period of last year and account for 23.27%, 6.57%, 6.54%, 6.18%, 5.42% of LITHUANIA's total imports and exports.

During the current year until 202208, 27, 94, 39, 84, 85 were LITHUANIA's top five traded commodities, with total import and export values of 5419.4010 million, 2372.8456 million, 1920.6988 million, 1628.2890 million, 1612.5167 million. These values correspond to 17.99%, 7.88%, 6.38%, 5.41%, 5.35% of LITHUANIA's total exports and, respectively, were up 133.31%, up 10.26%, up 19.08%, down 11.30%, down 4.72% comparing to the same period of last year.

During the current year until 202208, 27, 87, 84, 85, 39 were LITHUANIA's top five traded commodities, with total import values of 9885.7739 million, 2787.4869 million, 2673.6406 million, 2454.6959 million, 1645.1271 million. These values correspond to 27.73%, 7.82%, 7.50%, 6.89%, 4.61% of LITHUANIA's total exports and, respectively, were up 147.41%, up 4.90%, down 6.47%, up 9.51%, up 5.29% comparing to the same period of last year.

2. Current year until 202208, LITHUANIA binational trade profile

According to Dalian Infobank, during the current year until 202208, LITHUANIA-China binational exports and imports of goods amounted to 1492.8082 million and were up 9.40% comparing with the same period of last year. Among these, exports from LITHUANIA to China were 52.7426 million and down 72.80%, imports from China to LITHUANIA were 1440.0655 million and up 23.02%. The total binational trade deficit was 1387.3229 million and up 42.04%.

During the urrent year until 202208, commodities with hs2 code, 85, 84, 87, 94, 39, were binational trade's top five traded commodities. They correspond to import and export values of 402.7289 million, 229.3312 million, 87.8248 million, 77.1151 million, 70.9550 million and makes up 26.98%, 15.36%, 5.88%, 5.17%, 4.75% of the total binational imports and exports. These values were also up 30.53%, up 37.69%, up 0.77%, down 5.78%, up 42.19% comparing to the same period last year.

During the current year until 202208, 74, 94, 85, 90, 30 were the top five traded commodities exported to China from LITHUANIA, with export values of 25.4818 million, 9.0639 million, 7.0787 million, 4.3772 million, 0.9172 million. These values account for 48.31%, 17.19%, 13.42%, 8.30%, 1.74% of LITHUANIA's total exports and were up 12.06%, down 70.58%, down 52.17%, down 76.85%, down 84.46% comparing to the same period of last year.

During the current year until 202208, 85, 84, 87, 39, 94 were LITHUANIA's top five traded commodities importing from China , with import values of 395.6502 million, 228.4208 million, 87.0972 million, 70.4572 million, 68.0511 million. These values account for 27.47%, 15.86%, 6.05%, 4.89%, 4.73% of LITHUANIA's total imports and were up 34.69%, up 44.55%, up 0.79%, up 48.84%, up 33.32% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat