Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 12:08
Nearly 70% Lithuanian origin goods were exported to Europe in 2014
In January-November 2014, Lithuania's main export partners were Russia, Latvia, Poland and Germany.
Most goods of Lithuanian origin were exported to the European Union, almost 70% of the total goods of Lithuanian origin exported. Goods of Lithuanian origin were mostly exported to Germany, Latvia, the Netherlands and Poland. Compared with January-November 2013, export of goods of Lithuanian origin decreased by 7% and accounted for 56.7% of the total export. If mineral products are excluded, then export of goods of Lithuanian origin grew by 4.4%.
Petroleum products constituted the biggest share of export of Lithuanian origin goods, even though their export fell by 28.8%. Meanwhile, export of furniture manufactured in Lithuania grew by 15.6%, wood and wood products by 6.9%, milk products by 0.9% and cereals by 1.5%. Export of Lithuanian origin agricultural and food products increased by 0.8%. However, their export to Russia dropped by 26.3%.
As regards import, Lithuania mostly imported goods from Russia, Germany, Poland and Latvia. The volume of goods imported from the EU Member States increased by 7.2% and accounted for 63.8% of the total import. Meanwhile, import from the Commonwealth of Independent States decreased by 14.8% and accounted for 27.6% of the total import.