Uzbekistan - Lithuania Trade 2024 Q1: Deficit & Tech Exchange
Key Market Takeaways: Uzbekistan - Lithuania Trade
The bilateral trade relationship between Uzbekistan and Lithuania reflects heavy import reliance with volatile growth in Q1 2024.
- Trade Deficit Dominates: Uzbekistan posted a -$142.14M deficit, with imports ($156.96M) dwarfing exports ($14.82M), despite mixed YoY trends.
- Resource-for-Tech Exchange: Uzbekistan - Lithuania trade statistics show a lopsided raw materials-for-machinery dynamic, with fertilizers (40.5% of exports) swapped for Lithuanian machinery (54.1% of imports).
- Asymmetric Dependency: Lithuania holds strategic leverage as a high-value tech supplier, while Uzbekistan remains a niche raw material exporter.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-Lithuania Trade Trend in Q1 2024
Uzbekistan Export Performance: Shipments to Lithuania
- Total Volume: $14.82M in Q1 2024.
- Growth Trend & Context:
- YoY declines persisted across all months, with March (-44.6%) marking the sharpest drop.
- Key Volatility: February saw a 151% MoM surge, but momentum reversed in March (-14.78%).
Uzbekistan Import Performance: Sourcing from Lithuania
- Total Volume: $156.96M in Q1 2024.
- Growth Trend & Context:
- Mixed YoY performance: January (-47.5%) and February (+1.78%) contrasted with March’s 80.46% surge.
- Key Volatility: January’s 81.47% MoM spike was followed by a -25.07% drop in February.
Uzbekistan - Lithuania Trade Balance & Market Dynamics
- Net Position: Trade Deficit of -$142.14M (Exports $14.82M vs. Imports $156.96M).
- Relationship Status: Heavy import reliance, with Lithuania commanding a 10.6x trade volume advantage.
Uzbekistan Import Trend from Lithuania 2024 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 54.62M | 81.47% | -47.5% |
| Feb | 40.93M | -25.07% | 1.78% |
| Mar | 61.41M | 50.05% | 80.46% |
| Total | 156.96M | - | - |
Uzbekistan Export Trend to Lithuania 2024 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 2.62M | -37.21% | -42.44% |
| Feb | 6.58M | 151.0% | -31.22% |
| Mar | 5.61M | -14.78% | -44.6% |
| Total | 14.82M | - | - |
Get Historical Uzbekistan Lithuania Trade Records
Uzbekistan-Lithuania Top Trading Products in Q1 2024
Uzbekistan Export Profile: What Does Uzbekistan Sell to Lithuania
- Top Commodity: Fertilizers (HS 31) dominate exports, accounting for 40.46% of total trade value.
- Demand Driver: Lithuania likely uses these fertilizers for agricultural production, indicating Uzbekistan's role as a supplier of raw inputs.
- Concentration: The top 3 export categories (HS 31, 74, 52) make up 69.68% of total exports, showing moderate concentration.
Uzbekistan Import Profile: What Does Uzbekistan Buy from Lithuania
- Top Commodity: Machinery (HS 84) is the leading import, representing 54.12% of total imports.
- Dependency Nature: Uzbekistan relies heavily on Lithuanian machinery, suggesting a critical technology dependency for industrial or manufacturing needs.
Uzbekistan - Lithuania Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Uzbekistan exports raw materials (fertilizers, metals) while importing high-value machinery from Lithuania.
- Value Chain Position: Lithuania holds the higher value-add position, supplying advanced machinery, while Uzbekistan provides lower-value raw materials.
Import Analysis by Product: Lithuania to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 84.94M | 54.12% |
| 30 | 43.42M | 27.66% |
| 90 | 9.08M | 5.79% |
| 40 | 4.34M | 2.77% |
| 87 | 2.28M | 1.46% |
| 38 | 2.19M | 1.40% |
| 29 | 1.40M | 0.89% |
| 27 | 1.26M | 0.80% |
| 39 | 1.08M | 0.69% |
| 73 | 892.63K | 0.57% |
Export Analysis by Product: Uzbekistan to Lithuania (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 31 | 5.99M | 40.46% |
| 74 | 2.67M | 18.04% |
| 52 | 1.66M | 11.18% |
| 76 | 1.59M | 10.73% |
| 72 | 909.27K | 6.14% |
| 08 | 653.92K | 4.41% |
| 27 | 533.86K | 3.60% |
| 75 | 116.64K | 0.79% |
| 55 | 95.34K | 0.64% |
| 73 | 86.46K | 0.58% |
Check Detailed Uzbekistan-Lithuania Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Uzbekistan-Lithuania trade relationship is likely to remain volatile in the near term, with Uzbekistan’s trade deficit widening further. While Lithuania’s demand for Uzbek fertilizers may stabilize, the sharp YoY declines in Uzbek exports suggest weakening competitiveness or shifting Lithuanian sourcing strategies. Conversely, Uzbekistan’s heavy reliance on Lithuanian machinery imports will persist, driven by industrial modernization needs. Traders should prepare for continued asymmetry, with Lithuania maintaining its 10.6x trade volume advantage unless Uzbekistan diversifies its export basket or negotiates better terms.
Strategic Moves
- Diversify Export Markets: Uzbek exporters must reduce dependence on Lithuania by targeting other EU markets for fertilizers and metals, leveraging trade agreements to mitigate concentration risk.
- Negotiate Tech Transfer Deals: Given Lithuania’s machinery dominance, Uzbek importers should push for joint ventures or local production partnerships to reduce long-term dependency.
- Lock in Fertilizer Contracts: Lithuanian buyers should secure long-term supply agreements with Uzbek producers to stabilize prices and avoid volatility from seasonal demand shifts.
Frequently Asked Questions
How did Uzbekistan - Lithuania trade perform in 2024 Q1?
Uzbekistan's exports to Lithuania totaled $14.82M, with declining YoY trends, while imports from Lithuania reached $156.96M, showing mixed growth.
What are the top exports from Uzbekistan to Lithuania?
The top exports are Fertilizers (HS 31), followed by metals (HS 74) and textiles (HS 52), accounting for 69.68% of total exports.
What does Uzbekistan import from Lithuania?
The leading import is Machinery (HS 84), representing 54.12% of total imports, indicating a strong reliance on Lithuanian technology.
What is the trade balance between Uzbekistan and Lithuania?
Uzbekistan recorded a trade deficit of -$142.14M, with Lithuania holding a 10.6x trade volume advantage.
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