In January–March, exports decreased by 4.4%, imports – 1.5% in Lithuania :: The Baltic Course

Exports of goods of Lithuanian origin amounted to EUR 1.1 billion (LTL 3.7 billion). The foreign trade deficit of Lithuania amounted to EUR 0.3 billion (LTL 0.9 billion).

Over the month (March 2015, against February), exports increased by 10, imports – by 11.7%. The increase in exports was influenced by an increase in exports of ground vehicles (30.8%), pharmaceuticals (42.4%), plastics and articles thereof (18%). The increase in imports was determined by an increase in imports of ground vehicles (31.6%), miscellaneous chemical products (2.7 times), boilers, machinery and mechanical appliances and parts thereof (14.8%). Mineral products excluded, exports increased by 14%, imports – 18.4%. Exports of goods of Lithuanian origin increased by 6.3%, mineral products excluded – 12.4%. Exports to Russia increased by 6.2%, of goods of Lithuanian origin – decreased by 2.1%.

Exports and imports 2010–2015, January-March

Over the year (March 2015, against March 2014), exports increased by 0.1, imports – 1.8%. The increase in exports was determined by an increase in exports of fertilisers (30%), boilers, machinery and mechanical appliances and parts thereof (13.2%). The increase in imports was influenced by an increase in imports of boilers, machinery and mechanical appliances and parts thereof (21.1%), electrical machinery and equipment and parts thereof (19.2%). Mineral products excluded, exports of goods increased by 0.4%, imports – 7.9%. Exports of goods of Lithuanian origin increased by 0.3%, mineral products excluded – 3.2%. Exports to Russia decreased by 31.6%, of goods of Lithuanian origin – 60.2%. Exports of food and agricultural products (CN sections I–IV) to Russia dropped by 63.1%, of food and agricultural products of Lithuanian origin – 86.2%.

In January–March 2015, against the same period of 2014, exports decreased by 4.4%, imports – 1.5%. The decrease in exports was influenced by a decrease in exports of petroleum products (12.3%), edible vegetables (56%) and ground vehicles (22.8%). The decrease in imports was determined by a decrease in imports of crude oil (28.8%), edible vegetables (48.9%). A decrease in value of exported petroleum products and imported crude oil was conditioned by price drop for oil. Mineral products excluded, exports of goods decreased by 2.8%, while imports increased by 3.1%. Exports of goods of Lithuanian origin decreased by 3.8%, mineral products excluded – grew by 1.1%. Exports to Russia decreased by 33.6%, of goods of Lithuanian origin – 60.4%, which was conditioned by a decrease in exports of milk and dairy products (99.6%), non-alcoholic and alcoholic beverages (79.5%); meat and edible meat offal was not exported.

Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 64%, of food and agricultural products of Lithuanian origin – by 85.3% (in January–March 2014, exports of such products amounted to EUR 81.4 million, while in the same period of 2015 – EUR 11.9 million).

In January–March 2015, the most important Lithuania's partners in exports were Russia (13.7%), Latvia (9.9%), Poland (9.5%) and Germany (9%), in imports – Russia (15.5%), Germany (11.4%), Poland (10.3%) and Latvia (7.2%). Most of the goods of Lithuanian origin were exported to Germany (12.7%), Latvia (7.7%), the United States (7.1%) and Poland (7%).

In January–March 2015, the largest share in Lithuania's exports and imports fell within mineral products (14.6 and 21.7% respectively), machinery and mechanical appliances, electrical equipment (13.8 and 17.5%), and products of the chemical or allied industries (12.6 and 12.7%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (19%), miscellaneous manufactured articles (11.7%), products of the chemical or allied industries (11.5%) and prepared foodstuffs (7.9%).

Table 1. Foreign trade balance, EUR million

	Exports	Imports	Balance
January–March 2014	5 414.7	5 907.2	–492.5
January	1 700.1	1 888.7	–188.6
February	1 817.6	1 888.8	–71.2
March	1 897.1	2 129.8	–232.7
I quarter	5 414.7	5 907.2	–492.5
April	1 997.2	2 184.9	–187.7
May	1 999.2	2 221.4	–222.2
June	2 066.7	2 184.4	–117.7
II quarter	6 063.0	6 590.7	–527.7
July	2 143.2	2 355.1	–211.9
August	2 048.7	2 131.7	–83.0
September	2 258.7	2 392.4	–133.7
III quarter	6 450.6	6 879.2	–428.6
October	2 380.4	2 509.1	–128.7
November	2 168.0	2 527.8	–359.8
December	1 924.3	2 116.6	–192.3
IV quarter	6 472.7	7 153.5	–680.8
2014¹	24 401.0	26 530.6	–2 129.6
January–March 2015	5 175.7	5 819.5	–643.8
January²	1 550.3	1 709.4	–159.1
February²	1 726.6	1 941.0	–214.4
March¹	1 898.8	2 169.0	–270.2

¹ Non-final data
² Revised data

Table 2. Structure of and changes in foreign trade by BEC in January–March 2015

BEC	Exports			Imports
BEC	value, EUR million	share,%	change, against the respective period of 2014,%	value, EUR million	share,%	change, against the respective period of 2014,%
Total	5 175.7	100.0	–4.4	5 819.5	100.0	–1.5
Capital goods	583.5	11.3	4.8	855.3	14.7	17.4
Intermediate goods	2 698.9	52.1	–1.6	3 353.6	57.6	–3.2
Consumption goods	1 629.7	31.5	–7.8	1 431.3	24.6	–6.1
Motor spirit	195.9	3.8	–17.4	6.5	0.1	6.2 t.
Passenger motor cars	54.5	1.1	–43.6	167.3	2.9	–12.0
Other	13.2	0.3	10.2	5.5	0.1	9.4 t.

Table 3. Structure of and changes in trade with key foreign partners in January–March 2015

	Exports					Imports
	value, EUR million	share,%	share of goods of Lithuanian origin,%	change, against the respective period of 2014,%		value, EUR million	share,%	change, against the respective period of 2014,%
Total	5 175.7	100.0	58.7	–4.4	Total	5 819.5	100.0	–1.5
EU28	3 332.5	64.4	67.1	6.4	EU28	3 831.1	65.8	1.2
Euro area	2 112.4	40.8	68.5	5.4	Euro area	2 545.2	43.7	–0.7
CIS3	1 166.5	22.5	15.8	–26.8	CIS3	1 307.9	22.5	–22.3
EFTA 4	173.2	3.3	89.9	10.3	EFTA 4	106.3	1.8	2.4 t.
Russia	707.0	13.7	8.9	–33.6	Russia	901.6	15.5	–32.1
Latvia	513.5	9.9	45.6	–4.6	Germany	666.0	11.4	8.8
Poland	491.7	9.5	43.0	19.1	Poland	596.5	10.3	4.0
Germany	467.7	9.0	82.3	2.2	Latvia	421.2	7.2	7.9
Estonia	265.3	5.1	44.9	9.6	Netherlands	272.7	4.7	–19.4
Netherlands	244.5	4.7	86.3	9.2	Italy	250.3	4.3	–9.1
United Kingdom	223.1	4.3	88.2	–13.7	Sweden	233.4	4.0	25.1
United States	222.0	4.3	96.9	–5.1	Belarus	195.6	3.4	–2.5
Sweden	217.4	4.2	84.6	5.8	China	194.4	3.3	29.9
Belarus	210.9	4.1	12.3	–16.4	Belgium	190.2	3.3	–14.0
Denmark	171.5	3.3	77.0	27.9	United Kingdom	168.2	2.9	–18.8
France	150.9	2.9	84.2	13.5	Estonia	159.1	2.7	–2.9
Norway	144.4	2.8	90.1	8.5	Kazakhstan	155.0	2.7	59.7
Italy	111.6	2.2	81.7	8.1	France	149.8	2.6	–7.5
Ukraine	104.4	2.0	66.8	–19.0	Finland	130.9	2.2	4.9
Other	929.8	18.0	69.2	4.0	Other	1134.6	19.5	29.3

³ Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.
⁴ Iceland, Lichtenstein, Norway, Switzerland.

Table 4. Commodity structure of and changes in exports in January–March 2015

CN sections		Value, EUR million	Share,%	Share of goods of Lithuanian origin,%	Change, against the respective period of 2014,%
	Total	5 175.7	100.0	58.7	–4.4
V	Mineral products	757.4	14.6	76.1	–12.6
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	750.6	14.5	76.2	–12.2
XVI	Machinery and mechanical appliances; electrical equipment; parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	716.8	13.8	23.1	3.6
84	Boilers, machinery and mechanical appliances; parts thereof	437.6	8.5	16.5	13.1
VI	Products of the chemical or allied industries	650.6	12.6	53.6	19.8
31	Fertilisers	300.1	5.8	86.2	26.3
XX	Miscellaneous manufactured articles	422.0	8.2	83.9	4.9
94	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like; prefabricated buildings	393.1	7.6	87.1	6.4
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	346.4	6.7	69.0	–3.7
24	Tobacco and manufactured tobacco substitutes	79.9	1.5	100.0	50.8
II	Vegetable products	327.8	6.3	42.6	–27.6
08	Edible fruit and nuts; peel of citrus fruit or melons	95.2	1.8	3.6	–19.3
VII	Plastics and articles thereof; rubber and articles thereof	323.1	6.2	71.5	–5.9
39	Plastics and articles thereof	300.3	5.8	76.1	–6.3
XI	Textiles and textile articles	297.4	5.7	60.5	–9.1
62	Articles of apparel and clothing accessories, not knitted or crocheted	103.8	2.0	58.4	–9.8
	Other	1 334.2	25.9	60.4	–6.5

Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–March 2015

CN sections		Value, EUR million	Share,%	Change, against the respective period of 2014,%
	Total	3 039.5	100.0	–3.8
V	Mineral products	576.1	19.0	–20.6
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	571.9	18.8	–20.1
XX	Miscellaneous manufactured articles	354.2	11.7	5.9
94	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like; prefabricated buildings	342.3	11.3	6.5
VI	Products of the chemical or allied industries	348.4	11.5	25.9
31	Fertilisers	258.6	8.5	27.1
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	239.0	7.9	–0.8
24	Tobacco and manufactured tobacco substitutes	79.9	2.6	53.7
VII	Plastics and articles thereof; rubber and articles thereof	230.9	7.6	–5.3
39	Plastics and articles thereof	228.6	7.5	–5.5
I	Live animals; animal products	224.7	7.4	–16.5
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	106.5	3.5	–27.2
XI	Textiles and textile articles	179.9	5.9	–3.4
62	Articles of apparel and clothing accessories, not knitted or crocheted	60.6	2.0	–2.5
	Other	886.3	29.0	0.2

Table 6. Commodity structure of and changes in imports in January–March 2015

CN sections		Value, EUR million	Share,%	Change, against the respective period of 2014,%
	Total	5 819.5	100.0	–1.5
V	Mineral products	1 260.6	21.7	–15.2
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	1 202.7	20.7	–16.1
XVI	Machinery and mechanical appliances; electrical equipment; parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	1 016.5	17.5	19.0
84	Boilers, machinery and mechanical appliances; parts thereof	603.4	10.4	25.6
VI	Products of the chemical or allied industries	737.2	12.7	8.9
30	Pharmaceutical products	216.6	3.7	17.0
XVII	Vehicles, aircraft, vessels and associated transport equipment	403.7	6.9	–10.0
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	388.4	6.7	–2.5
XV	Base metals and articles of base metal	352.0	6.0	7.8
73	Articles of iron or steel	121.0	2.1	17.8
VII	Plastics and articles thereof; rubber and articles thereof	295.2	5.1	0.3
39	Plastics and articles thereof	244.3	4.2	0.2
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	289.1	5.0	–6.6
22	Beverages, spirits and vinegar	67.2	1.2	–21.2
	Other	1 465.2	25.1	–3.0

Table 7. Volume of and changes in imports and exports

Period	Exports		Exports of goods of Lithuanian origin			Imports		Balance
Period	value, EUR million	change, against the previous month,%	value, EUR million	change, against the previous month,%	share in total exports,%	value, EUR million	change, against the previous month,%	EUR million
2014−03	1 897.1	4.4	1 065.7	0.3	56.2	2 129.8	12.8	−232.7
2014−04	1 997.2	5.3	1 178.0	10.5	59.0	2 184.9	2.6	−187.7
2014−05	1 999.2	0.1	1 160.5	−1.5	58.0	2 221.4	1.7	−222.2
2014−06	2 066.7	3.4	1 108.1	−4.5	53.6	2 184.4	−1.7	−117.7
2014−07	2 143.2	3.7	1 163.6	5.0	54.3	2 355.1	7.8	−211.9
2014−08	2 048.7	−4.4	1 122.3	−3.5	54.8	2 131.7	−9.5	−83.0
2014−09	2 258.7	10.3	1 281.1	14.1	56.7	2 392.4	12.2	−133.7
2014−10	2 380.4	5.4	1 360.7	6.2	57.2	2 509.1	4.9	−128.7
2014−11	2 168.0	−8.9	1 232.4	−9.4	56.8	2 527.8	0.7	−359.8
2014−12	1 924.3	−11.2	1 078.5	−12.5	56.0	2 116.6	−16.3	−192.3
2015−01	1 550.3	−19.4	964.7	−10.6	62.2	1 709.4	−19.2	−159.1
2015−02	1 726.6	11.4	1 005.7	4.3	58.2	1 941.0	13.5	−214.4
2015−03	1 898.8	10.0	1 069.1	6.3	56.3	2 169.0	11.7	−270.2

Note. Due to rounding, the sum of lines or columns in some tables may disagree with the "Total".

For more information, see the Database of Indicators.

Analytics, Baltic Export, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 22:01