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The foreign trade deficit of Lithuania amounted to EUR 0.3 bln in June

Zita Kuzmickaitė, Statistics Lithuania, 07.08.2015.Print version
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in June 2015 amounted to EUR 2 billion, imports – EUR 2.3 billion. Exports of goods of Lithuanian origin amounted to EUR 1.1 billion. The foreign trade deficit of Lithuania amounted to EUR 0.3 billion.

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.






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