Trade Balance in Lithuania

Lithuania Trade Balance | Economic News & Forecasts

Lithuania - Trade Balance

Preliminary national accounts data revealed that annual growth slid in the third quarter, expanding at the slowest clip in two years. The slowdown was largely driven by weakness in the agricultural sector after a drought severely hurt crop yields with the harvest estimated to be about a quarter smaller than last year. In addition, manufacturing production decelerated slightly in Q3, largely on the back of weaker output in the food, furniture and chemical sub-sectors. The transport sector, which accounts for over half of Lithuania’s services exports, also lost some momentum in the quarter. This was reflected in weaker services export growth. Nevertheless, external sector metrics remained overall healthy in Q3 as the competitiveness of Lithuanian exporters in other sectors continued to improve. In addition, domestic demand seems to have remained strong in Q3: Retail sales expanded at the fastest pace since Q1 2016, propped up by tight labor market and moderating inflationary pressures.

Lithuania - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-2.2  -2.0  -2.8  -2.3  -2.7  

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Lithuania Trade Balance Chart

Lithuania Trade
Note: Trade balance in euro billion.
Source: Statistics Lithuania and Met the why particular calculations.

Lithuania Facts

Bond Yield1.200.0 %Dec 11
Stock Market6300.45 %Dec 11

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