Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 07:15
The foreign trade deficit of Lithuania amounted to EUR 0.3 bln in June
Over the month (June 2015, against May), exports increased by 1.8, imports – 2%. The increase in exports was influenced by an increase in exports of furniture (9.3%), articles of iron or steel (26.2%).
The increase in imports was determined by an increase in imports of edible vegetables (33.5%), optical, photographic, medical or surgical instruments and apparatus (33.6%). Mineral products excluded, exports of products increased by 3.6, imports – 5.4%. Exports of goods of Lithuanian origin increased by 0.5%, mineral products excluded – 4.1%.
Over the year (June 2015, against June 2014), exports decreased by 3.6%, imports increased by 5%. The decrease in exports was determined by a decrease in exports of electrical machinery and equipments and parts thereof (38.9%), cereals (69.3%), edible vegetables (60.9%). The increase in imports was influenced by an increase in imports of crude oil (17.5%), ground vehicles (11.5%), boilers, machinery and mechanical appliances (7.8%). Mineral products excluded, exports of goods decreased by 6.8%, while imports increased by 3.8%. Exports of goods of Lithuanian origin increased by 3.7%, mineral products excluded – by 0.9%.
In January–June 2015, against January–June 2014, exports decreased by 4%, imports increased by 1.9%. The decrease in exports was influenced by a decrease in exports of edible vegetables (52%), milk and dairy products (33.4%) and petroleum products (5.3%). The increase in imports was determined by an increase in imports of boilers, machinery and mechanical appliances (16.4%), fertilisers (59.8%). A decrease in value of exported petroleum products was conditioned by price drop for oil. Mineral products excluded, exports of goods decreased by 3.7%, while imports increased by 4%. Exports of goods of Lithuanian origin decreased by 2.9%, mineral products excluded – by 0.2%. Exports to Russia decreased by 37.8%, of goods of Lithuanian origin – 53.5%, which was conditioned by a decrease in exports of milk and dairy products (93.2%), non-alcoholic and alcoholic beverages (73.5%); meat and edible meat offal was not exported. Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 62.1%, of food and agricultural products of Lithuanian origin – by 79.6% (in January–June 2014, exports of such products amounted to EUR 149.7 million, while in the same period of 2015 – EUR 30.5 million).
In January–June 2015, the most important Lithuania's partners in exports were Russia (13.4%), Latvia (10%), Poland (9.7%) and Germany (8.3%), in imports – Russia (17.3%), Germany (11.4%), Poland (10.1%) and Latvia (7.1%). Most of the goods of Lithuanian origin were exported to Germany (11.5%), Latvia (7.8%), the United Kingdom (7.1%) and Poland (7%).
In January–June 2015, the largest share in Lithuania's exports and imports fell within mineral products (17 and 23% respectively), machinery and mechanical appliances, electrical equipment (14.2 and 17.4% respectively), and products of the chemical or allied industries (11.2 and 12% respectively). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (22.9%), miscellaneous manufactured articles (11.3%), products of the chemical or allied industries (9.9%), prepared foodstuffs, beverages, spirits and vinegar, tobacco and manufactured tobacco substitutes (7.8%).
Table 1. Foreign trade balance, EUR million
|
Exports |
Imports |
Balance |
January–June 2014 |
11 474.5 |
12 333.1 |
–858.6 |
January |
1 699.9 |
1 855.2 |
–155.3 |
February |
1 822.1 |
1 871.5 |
–49.4 |
March |
1 896.1 |
2 104.9 |
–208.8 |
I quarter |
5 418.1 |
5 831.6 |
–413.5 |
April |
1 999.0 |
2 164.0 |
–165.0 |
May |
1 992.6 |
2 183.8 |
–191.2 |
June |
2 064.8 |
2 153.7 |
–88.9 |
II quarter |
6 056.4 |
6 501.5 |
–445.1 |
July |
2 141.3 |
2 316.1 |
–174.8 |
August |
2 050.1 |
2 095.6 |
–45.5 |
September |
2 258.5 |
2 359.8 |
–101.3 |
III quarter |
6 449.9 |
6 771.5 |
–321.6 |
October |
2 373.3 |
2 494.6 |
–121.3 |
November |
2 154.4 |
2 234.7 |
–80.3 |
December |
1 909.3 |
2 055.5 |
–146.2 |
IV quarter |
6 436.9 |
6 784.8 |
–347.9 |
2014 |
24 361.3 |
25 889.5 |
–1 528.2 |
January–June 2015 |
11 019.4 |
12 565.3 |
–1 545.9 |
January |
1 550.3 |
1 709.4 |
–159.1 |
February |
1 726.7 |
1 940.7 |
–214.0 |
March |
1 882.0 |
2 148.9 |
–266.9 |
I quarter |
5 159.0 |
5 799.0 |
–640.0 |
April1 |
1 915.3 |
2 288.3 |
–373.0 |
May1 |
1 955.2 |
2 216.4 |
–261.2 |
June |
1 990.0 |
2 261.6 |
–271.6 |
II quarter |
5 860.4 |
6 766.3 |
–905.9 |
1 Revised data
Table 2. Structure of and changes in foreign trade by BEC in January–June 2015
Exports |
Imports |
||||
value, EUR million |
share,% |
change, against the respective period of 2014,% |
value, EUR million |
share,% |
change, against the respective period of 2014,% |
11 019.4 |
100.0 |
–4.0 |
12 565.3 |
100.0 |
1.9 |
1 285.0 |
11.7 |
1.9 |
1 897.1 |
15.1 |
20.7 |
5 722.8 |
51.9 |
–3.0 |
7 324.6 |
58.3 |
0.2 |
3 350.9 |
30.4 |
–5.2 |
2 934.2 |
23.4 |
–4.0 |
514.5 |
4.7 |
–6.1 |
17.3 |
0.1 |
6.1 t. |
114.9 |
1.0 |
–44.3 |
374.8 |
3.0 |
–2.9 |
31.4 |
0.3 |
16.8 |
17.3 |
0.1 |
10.0 t. |
Table 3. Structure of and changes in trade with key foreign partners in January–June 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 |
11 019.4 |
100.0 |
58.3 |
–4.0 |
Total |
12 565.3 |
100.0 |
1.9 |
EU28 |
6 976.6 |
63.3 |
66.6 |
7.0 |
EU28 |
8 256.8 |
65.7 |
2.6 |
Euro area |
4 361.8 |
39.6 |
67.7 |
5.9 |
Euro area |
5 572.7 |
44.4 |
3.9 |
CIS 2 |
2 564.7 |
23.3 |
16.3 |
–27.4 |
CIS |
2 944.8 |
23.4 |
–11.8 |
EFTA 3 |
363.7 |
3.3 |
90.5 |
12.9 |
EFTA |
178.4 |
1.4 |
2.0 t. |
Russia |
1 478.9 |
13.4 |
9.5 |
–37.8 |
Russia |
2 171.1 |
17.3 |
–16.7 |
Latvia |
1 097.6 |
10.0 |
45.4 |
0.7 |
Germany |
1 437.5 |
11.4 |
11.1 |
Poland |
1 068.5 |
9.7 |
42.2 |
11.2 |
Poland |
1 273.3 |
10.1 |
7.0 |
Germany |
913.6 |
8.3 |
80.4 |
3.4 |
Latvia |
891.5 |
7.1 |
6.7 |
Estonia |
606.2 |
5.5 |
47.5 |
18.0 |
Netherlands |
643.9 |
5.1 |
–7.7 |
Belarus |
528.6 |
4.8 |
11.2 |
3.2 |
Italy |
553.3 |
4.4 |
–2.4 |
United Kingdom |
520.0 |
4.7 |
88.1 |
5.2 |
Sweden |
492.7 |
3.9 |
22.8 |
Netherlands |
492.5 |
4.5 |
86.7 |
–11.6 |
Belarus |
454.2 |
3.6 |
12.5 |
Sweden |
455.4 |
4.1 |
85.5 |
10.5 |
Belgium |
378.9 |
3.0 |
–17.1 |
United States |
440.7 |
4.0 |
97.3 |
–9.6 |
China |
350.0 |
2.8 |
15.2 |
Denmark |
327.3 |
3.0 |
78.0 |
10.7 |
France |
343.8 |
2.7 |
0.3 |
France |
317.5 |
2.9 |
86.8 |
22.2 |
United Kingdom |
342.3 |
2.7 |
–34.3 |
Norway |
302.0 |
2.7 |
90.9 |
12.7 |
Estonia |
342.2 |
2.7 |
2.2 |
Ukraine |
235.4 |
2.1 |
70.2 |
–21.7 |
Finland |
271.4 |
2.2 |
–0.9 |
Italy |
226.2 |
2.1 |
81.7 |
2.9 |
Spain |
234.1 |
1.9 |
–4.2 |
Other |
2 009.0 |
18.2 |
68.5 |
7.0 |
Other |
2 385.1 |
19.1 |
6.1 |
2 Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan,
Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.
3 Iceland, Lichtenstein, Norway, Switzerland.
Table 4. Commodity structure of and changes in exports in January–June 2015
CN sections |
Value, EUR million |
share,% |
Share of goods of Lithuanian origin,% |
change, against the respective period of 2014,% |
|
|
Total |
11 019.4 |
100.0 |
58.1 |
–4.0 |
V |
Mineral products |
1 874.8 |
17.0 |
78.3 |
–5.1 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
1 852.7 |
16.8 |
78.6 |
–5.0 |
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 |
1 569.0 |
14.2 |
22.2 |
–1.6 |
84 |
Boilers, machinery and mechanical appliances; parts thereof |
916.3 |
8.3 |
15.8 |
6.8 |
VI |
Products of the chemical or allied industries |
1 238.1 |
11.2 |
51.1 |
12.2 |
31 |
Fertilisers |
507.3 |
4.6 |
87.3 |
11.0 |
XX |
Miscellaneous manufactured articles |
863.9 |
7.8 |
83.4 |
6.6 |
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 |
800.3 |
7.3 |
86.7 |
8.2 |
IV |
Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes |
730.7 |
6.6 |
68.0 |
–2.2 |
24 |
Tobacco and manufactured tobacco substitutes |
165.5 |
1.5 |
99.5 |
26.0 |
VII |
Plastics and articles thereof; rubber and articles thereof |
697.6 |
6.3 |
70.3 |
–7.1 |
39 |
Plastics and articles thereof |
648.2 |
5.9 |
74.8 |
–7.9 |
II |
Vegetable products |
674.8 |
6.1 |
35.9 |
–18.8 |
08 |
Edible fruit and nuts; peel of citrus fruit or melons |
228.3 |
2.1 |
2.8 |
–7.7 |
XI |
Textiles and textile articles |
581.1 |
5.3 |
60.9 |
–6.8 |
62 |
Articles of apparel and clothing accessories, not knitted or crocheted |
188.1 |
1.7 |
61.2 |
–7.2 |
|
Other |
2 789.4 |
25.5 |
59.3 |
–8.2 |
Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–June 2015
CN sections |
Value, EUR million |
share,% |
change, against the respective period of 2014,% |
|
|
Total |
6 406.9 |
100.0 |
–2.9 |
V |
Mineral products |
1 467.3 |
22.9 |
–11.2 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
1 456.2 |
22.7 |
–10.9 |
XX |
Miscellaneous manufactured articles |
720.8 |
11.3 |
7.8 |
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 |
693.9 |
10.8 |
8.1 |
VI |
Products of the chemical or allied industries |
632.3 |
9.9 |
14.3 |
31 |
Fertilisers |
443.0 |
6.9 |
10.5 |
IV |
Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes |
497.0 |
7.8 |
–1.9 |
24 |
Tobacco and manufactured tobacco substitutes |
164.8 |
2.6 |
26.7 |
VII |
Plastics and articles thereof; rubber and articles thereof |
490.1 |
7.6 |
–7.4 |
39 |
Plastics and articles thereof |
484.7 |
7.6 |
–7.6 |
I |
Live animals; animal products |
456.0 |
7.1 |
–17.2 |
04 |
Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included |
202.3 |
3.2 |
–32.5 |
XI |
Textiles and textile articles |
354.0 |
5.5 |
–2.9 |
62 |
Articles of apparel and clothing accessories, not knitted or crocheted |
115.1 |
1.8 |
0.8 |
|
Other |
1 789.4 |
27.9 |
0.8 |
Table 6. Commodity structure of and changes in imports in January–June 2015
CN sections |
Value, EUR million |
share,% |
change, against the respective period of 2014,% |
|
|
Total |
12565.3 |
100.0 |
1.9 |
V |
Mineral products |
2884.3 |
23.0 |
–4.5 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
2746.5 |
21.9 |
–5.4 |
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 |
2185.0 |
17.4 |
12.0 |
84 |
Boilers, machinery and mechanical appliances; parts thereof |
1278.3 |
10.2 |
16.4 |
VI |
Products of the chemical or allied industries |
1511.4 |
12.0 |
9.7 |
30 |
Pharmaceutical products |
431.2 |
3.4 |
12.5 |
XVII |
Vehicles, aircraft, vessels and associated transport equipment |
947.9 |
7.5 |
4.2 |
87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
852.7 |
6.8 |
3.3 |
XV |
Base metals and articles of base metal |
751.7 |
6.0 |
6.6 |
73 |
Articles of iron or steel |
260.3 |
2.1 |
12.6 |
VII |
Plastics and articles thereof; rubber and articles thereof |
642.8 |
5.1 |
1.6 |
39 |
Plastics and articles thereof |
537.9 |
4.3 |
1.2 |
II |
Vegetable products |
626.8 |
5.0 |
–14.8 |
08 |
Edible fruit and nuts; peel of citrus fruit or melons |
287.1 |
2.3 |
–2.1 |
|
Other |
3015.4 |
24.0 |
0.5 |
Table 7. Volume of and changes in imports and export
Period |
Exports |
Exports of goods of Lithuanian origin |
Imports |
Balance |
||||
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 |
|
2014−06 |
2 064.8 |
3.6 |
1 106.0 |
−4.7 |
53.6 |
2 153.7 |
−1.4 |
−88.9 |
2014−07 |
2 141.3 |
3.7 |
1 163.5 |
5.2 |
54.3 |
2 316.1 |
7.5 |
−174.8 |
2014−08 |
2 050.1 |
−4.3 |
1 125.9 |
−3.2 |
54.9 |
2 095.6 |
−9.5 |
−45.5 |
2014−09 |
2 258.5 |
10.2 |
1 282.4 |
13.9 |
56.8 |
2 359.8 |
12.6 |
−101.3 |
2014−10 |
2 373.3 |
5.1 |
1 362.1 |
6.2 |
57.4 |
2 494.6 |
5.7 |
−121.3 |
2014−11 |
2 154.4 |
−9.2 |
1 226.6 |
−9.9 |
56.9 |
2 234.7 |
−10.4 |
−80.3 |
2014−12 |
1 909.3 |
−11.4 |
1 080.0 |
−12.0 |
56.6 |
2 055.5 |
−8.0 |
−146.2 |
2015−01 |
1 550.3 |
−18.8 |
964.7 |
−10.7 |
62.2 |
1 709.4 |
−16.8 |
−159.1 |
2015−02 |
1 726.7 |
11.4 |
1 004.9 |
4.2 |
58.2 |
1 940.7 |
13.5 |
−214.0 |
2015−03 |
1 882.0 |
9.0 |
1 071.2 |
6.6 |
56.9 |
2 148.9 |
10.7 |
−266.9 |
2015−04 |
1 915.3 |
1.8 |
1 076.9 |
0.5 |
56.2 |
2 288.3 |
6.5 |
−373.0 |
2015−05 |
1 955.2 |
2.1 |
1 142.0 |
6.0 |
58.4 |
2 216.4 |
−3.1 |
−261.2 |
2015−06 |
1 990.0 |
1.8 |
1 147.2 |
0.5 |
57.6 |
2 261.6 |
2.0 |
−271.6 |
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.