Uzbekistan - Lithuania Trade 2023 Q1: Deficit & Tech Exchange

Key Market Takeaways: Uzbekistan - Lithuania Trade

The bilateral trade relationship between Uzbekistan and Lithuania shows rapid export growth but a heavy import reliance in Q1 2023.

• $154M Deficit, Volatile Flows: Uzbekistan ran a $154.03M trade deficit, with imports ($178.28M) dwarfing exports ($24.25M). Export growth was strong (up 21.8%-221% YoY), but imports swung wildly (218.83% spike in Jan, then -61.35% drop in Feb).
• Resource-for-Tech Exchange: Uzbekistan - Lithuania trade statistics reveal raw materials (copper, iron/steel) make up 66.6% of Uzbek exports, while Lithuania supplies high-tech goods (aircraft, machinery) accounting for 37.4% of imports.
• Asymmetric Interdependence: Lithuania holds the value-add advantage, with Uzbekistan dependent on its tech for infrastructure, while Uzbek commodities feed Lithuanian industry.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Uzbekistan-Lithuania Trade Trend in Q1 2023

Uzbekistan Export Performance: Shipments to Lithuania

• Total Volume: $24.25M in Q1 2023.
• Growth Trend & Context:
  • Strong YoY growth across all months (21.8% in Jan, 221.09% in Feb, 214.21% in Mar), signaling sustained demand.
• Key Volatility: Feb saw a 110.05% MoM surge, followed by a moderated 5.8% rise in Mar.

Uzbekistan Import Performance: Sourcing from Lithuania

• Total Volume: $178.28M in Q1 2023.
• Growth Trend & Context:
  • Volatile YoY trends: Jan spiked 218.83%, but growth slowed to 34.77% by Mar.
• Key Volatility: Jan imports peaked at $104.04M (219.42% MoM surge), then plummeted -61.35% in Feb.

Uzbekistan - Lithuania Trade Balance & Market Dynamics

• Net Position: $154.03M trade deficit (Imports dwarfed exports).
• Relationship Status: Heavy reliance on Lithuanian imports, with exports growing but remaining a fractional share.

Uzbekistan Import Trend from Lithuania 2023 Q1 (Source: yTrade)**

Uzbekistan Export Trend to Lithuania 2023 Q1 (Source: yTrade)**

Get Historical Uzbekistan Lithuania Trade Records

Uzbekistan-Lithuania Top Trading Products in Q1 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Lithuania

• Top Commodity: Copper (HS 74) dominates exports, accounting for 24.59% of total value.
• Demand Driver: Lithuania likely uses these raw materials (copper, iron/steel, fertilizers) for industrial processing or re-export.
• Concentration: The top 3 categories (copper, iron/steel, fertilizers) make up 66.64% of exports, indicating moderate concentration.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Lithuania

• Top Commodity: Aircraft/spacecraft (HS 88) lead imports with a 37.42% share.
• Dependency Nature: High-tech imports (aircraft, machinery, vehicles) suggest critical technology dependency for Uzbekistan’s infrastructure and transport sectors.

Uzbekistan - Lithuania Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan supplies raw materials (copper, iron, fertilizers) while Lithuania provides high-value tech (aviation, machinery).
• Value Chain Position: Lithuania holds the higher value-add position, exporting complex manufactured goods, while Uzbekistan’s exports are primarily low-margin commodities.

Import Analysis by Product: Lithuania to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to Lithuania (Source: yTrade)

Check Detailed Uzbekistan-Lithuania Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Uzbekistan’s trade with Lithuania is expected to maintain its upward trajectory in Q2 2023, driven by sustained demand for Uzbek raw materials and Lithuania’s high-tech exports. The resource-for-tech complementarity will likely deepen, with copper and aircraft/spacecraft remaining dominant trade pillars. However, Uzbekistan’s widening $154.03M trade deficit signals vulnerability to price volatility, necessitating strategic adjustments to balance the exchange.

Strategic Moves

• Lock in Long-Term Commodity Contracts: Uzbek exporters of copper and iron/steel should secure fixed-price agreements with Lithuanian buyers to mitigate price swings and stabilize revenue streams.
• Diversify Import Sources: To reduce over-reliance on Lithuanian high-tech goods, Uzbekistan must explore alternative suppliers in the EU or Asia for machinery and aerospace components.
• Boost Value-Added Exports: Instead of solely exporting raw materials, Uzbek firms should invest in semi-processed goods (e.g., refined copper products) to capture higher margins and reduce the trade deficit.

Frequently Asked Questions

How did Uzbekistan - Lithuania trade perform in 2023 Q1?

Uzbekistan exported $24.25M to Lithuania, showing strong YoY growth, while imports surged to $178.28M, resulting in a $154.03M trade deficit.

What are the top exports from Uzbekistan to Lithuania?

The top exports are copper (HS 74), iron/steel, and fertilizers, accounting for 66.64% of total export value.

What does Uzbekistan import from Lithuania?

The top imports are aircraft/spacecraft (HS 88), machinery, and vehicles, reflecting a reliance on high-tech goods.

What is the trade balance between Uzbekistan and Lithuania?

Uzbekistan had a $154.03M trade deficit with Lithuania, driven by significantly higher imports of technology and machinery.