Lithuania

Lithuania ranked No. 75 in total trade value through May with a total of $761.5 million. Exports totaled $355.5 million and Imports totaled $406 million, a deficit of $50.49 million.

U.S. trade with Lithuania rose to $626.57 million through May

Lithuania’s trade with the United States rose to $626.57 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.67 percent below its total trade during the same time period last year. U.S. exports to Lithuania decreased 4.8 percent while U.S. imports from Lithuania rose 3.11 percent. The U.S. deficit with Lithuania was $52.18 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of New York; No. 4 Port of Houston; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Port of Newark; No. 3 Port of San Juan, Puerto Rico; No. 4 Playa de Ponce Port, P.R. and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 38.97 percent of Lithuania’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 16.02 percent to $73.92 million.
    Exports fell 33.34 percent to $36.43 million. Imports rose 12.34 percent to $37.49 million.
  • Trade with No. 2 John F. Kennedy International Airport rose 60.7 percent to $62.17 million.
    Exports fell 4.24 percent to $19.77 million. Imports rose 135.04 percent to $42.4 million.
  • Trade with No. 3 Port of New York rose 84.32 percent to $56.51 million.
    Exports rose 77.67 percent to $53.08 million. Imports rose 339.26 percent to $3.42 million.
  • Trade with No. 4 Port of Houston fell 43.71 percent to $54.22 million.
    Exports fell 53.05 percent to $29.25 million. Imports fell 26.61 percent to $24.97 million.
  • Trade with No. 5 Port of New Orleans rose 77.12 percent to $49.93 million.
    Exports rose 84.51 percent to $14.74 million. Imports rose 74.19 percent to $35.19 million.

Lithuania ranked No. 75 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 80.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Lithuania by value through May were the categories of Passenger vehicles; LNG, other petroleum gases; Almonds, walnuts, pistachios, hazelnuts, etc.; Misc. medical chemical re-agents; and Civilian aircraft, parts, respectively. They accounted for 54.54 percent of total exports to Lithuania.

The value of the top five categories of U.S. imports from Lithuania –– Gasoline, other fuels; Misc. medical chemical re-agents; Furniture, parts; Nucleic acids and salts, heterocyclic compounds; and Petroleum products –– accounted for 54.36 percent of all inbound shipments.

Looking more closely at U.S. exports to Lithuania:

  • Passenger vehicles rose 2.79 percent compared to last year to $128.04 million.
  • LNG, other petroleum gases rose 37522 percent compared to last year to $18.48 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 34.83 percent compared to last year to $17.11 million.
  • Misc. medical chemical re-agents rose 23.59 percent compared to last year to $16.22 million.
  • Civilian aircraft, parts rose 27.84 percent compared to last year to $14.04 million.

Looking more closely at U.S. imports from Lithuania:

  • Gasoline, other fuels fell 61.02 percent compared to last year to $73.06 million.
  • Misc. medical chemical re-agents rose 51.39 percent compared to last year to $66.13 million.
  • Furniture, parts fell 14.22 percent compared to last year to $49.97 million.
  • Nucleic acids and salts, heterocyclic compounds rose 219.6 percent compared to last year to $17.59 million.
  • Petroleum products totaled $13.95 million. The previous year, there were no imports in this category.

In the latest annual figures available, Lithuania recorded $2.03 billion in trade with the United States. Total U.S. exports to Lithuania were $ 933.51 million and imports from Lithuania were $1.1 billion. The U.S. deficit with Lithuania was $166.18 million.