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The foreign trade deficit of Lithuania amounted to EUR 0.135 bln in August

Zita Kuzmickaitė, Statistics Lithuania, 12.10.2015.Print version
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in August 2015 amounted to EUR 1.847 billion, imports – EUR 1.982 billion. Exports of goods of Lithuanian origin amounted to EUR 1.074 billion. The foreign trade deficit of Lithuania amounted to EUR 0.135 billion.

Over the month (August 2015, against July), exports decreased by 8.8, imports – by 14%. The decrease in exports was influenced by a decrease in exports of petroleum products (21.3%), edible fruit and nuts (60.1%), fertilisers (23.4%). The decrease in imports was determined by a decrease in imports of crude oil (30.5%), edible fruit and nuts (39.7%), ground vehicles (15.1%). Mineral products excluded, exports decreased by 5.8, imports – by 8.6%. Exports of goods of Lithuanian origin decreased by 6.6%, mineral products excluded – increased by 0.2%.

 

Over the year (August 2015, against August 2014), exports decreased by 9.9, imports – by 5.4%. The decrease in exports was determined by a decrease in exports of petroleum products (20.4%), electrical machinery and equipment and parts thereof (36.2%). The decrease in imports was influenced by a decrease in imports of crude oil (23.3%), electrical machinery and equipment and parts thereof (21.2%). Mineral products excluded, exports decreased by 7.7, imports – by 0.1%. Exports of goods of Lithuanian origin decreased by 4.6%, mineral products excluded – increased by 2.8%.

 

Exports and imports in 2010–2015 January August, EUR bln

In January–August 2015, against January–August 2014, exports decreased by 5%, while imports increased by 0.6%. The decrease in exports was influenced by a decrease in exports of petroleum products (7.3%), electrical machinery and equipment and parts thereof (16.1%), ground vehicles (22.2%). The increase in imports was determined by an increase in imports of boilers, machinery and mechanical appliances (10.4%), fertilisers (56.2%). Mineral products excluded, exports of goods decreased by 4.5%, while imports increased by 2.6%. Exports of goods of Lithuanian origin decreased by 2.8%, mineral products excluded – increased by 0.5%. Exports to Russia decreased by 40.3%, of goods of Lithuanian origin – by 55.4%, which was mainly conditioned by a slump in exports of milk and dairy products (94.3%), electrical machinery and equipment and parts thereof (88.1%); meat and edible meat offal were not exported. Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 60.6%, of food and agricultural products of Lithuanian origin – by 78.3% (in January­–August 2014, exports of such products amounted to EUR 187.3 million, while in the same period of 2015 – EUR 40.7 million).

 

In January–August 2015, the most important Lithuania's partners in exports were Russia (13.6%), Latvia (10.3%), Poland (9.7%) and Germany (8.1%), in imports – Russia (17.3%), Germany (11.6%), Poland (10.1%) and Latvia (7.3%). Most of the goods of Lithuanian origin were exported to Germany (11.1%), Latvia (8.3%), the United States (7.3%), the United Kingdom (7.2%) and Poland (7%).

 

In January–August 2015, the largest share in Lithuania's exports and imports fell within mineral products (17.4 and 22.8% respectively), machinery and mechanical appliances, electrical equipment (14.4 and 17.4% respectively), and products of the chemical or allied industries (11 and 12% respectively). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (23.6%), miscellaneous manufactured articles (11.2%), products of the chemical or allied industries (9.6%), prepared foodstuffs, beverages, spirits, vinegar, tobacco and manufactured tobacco substitutes (7.8%).


Table 1. Foreign trade balance, EUR million

 

Exports

Imports

Balance

January–August 2014

15 665.9

16 744.8

–1 078.9

I quarter

5 418.1

5 831.6

–413.5

II quarter

6 056.4

6 501.5

–445.1

    August

2 050.1

2 095.6

–45.5

III quarter

6 449.9

6 771.5

–321.6

IV quarter

6 436.9

6 784.8

–347.9

2014

24 361.3

25 889.5

–1 528.2

January–August 2015

14 890.2

16 852.1

–1 961.9

    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

    April

1 915.3

2 288.3

–373.0

    May

1 955.2

2 216.4

–261.2

    June1

1 989.9

2 261.0

–271.1

II quarter1

5 860.4

6 765.7

–905.3

    July1

2 024.3

2 305.6

–281.3

    August

1 846.6

1 981.8

–135.2

1 Revised data


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

BEC

Exports

Imports

value, EUR million

share, %

change, against the respective period of 2014, %

value, EUR million

share, %

change, against the respective period of 2014, %

Total

14 890.2

100.0

–5.0

16 852.1

100.0

0.6

Capital goods

1 770.3

11.9

0.3

2 528.4

15.0

17.6

Intermediate goods

7 655.1

51.4

–4.3

9 787.2

58.1

–2.1

Consumption goods

4 509.3

30.3

–5.3

3 994.8

23.7

–1.8

Motor spirit

759.2

5.1

–7.5

26.1

0.2

3.1 t.

Passenger motor cars

153.5

1.0

–45.9

495.2

2.9

–4.6

Other

42.9

0.3

12.1

20.5

0.1

8.2 t.


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

14 890.2

100.0

58.0

–5.0

Total

16 852.1

100.0

0.6

EU28

9 362.0

62.9

66.6

7.5

EU28

11 123.0

66.0

1.3

  Euro area

5 864.2

39.4

68.0

5.9

  Euro area

7 505.4

44.5

2.4

CIS 2

3 510.0

23.6

16.4

–30.8

CIS

3 924.7

23.3

–12.8

EFTA 3

473.9

3.2

90.2

9.9

EFTA

234.3

1.4

2.0 t.

Russia

2 020.7

13.6

9.5

–40.3

Russia

2 921.0

17.3

–16.3

Latvia

1 533.9

10.3

46.7

6.7

Germany

1 946.5

11.6

6.8

Poland

1 447.6

9.7

41.9

10.9

Poland

1 704.8

10.1

5.7

Germany

1 204.2

8.1

79.6

3.1

Latvia

1 228.8

7.3

5.8

Estonia

812.0

5.5

49.0

16.0

Netherlands

855.4

5.1

–2.8

United Kingdom

709.2

4.8

88.1

12.5

Italy

747.8

4.4

–9.3

Belarus

704.8

4.7

11.6

–0.1

Sweden

655.2

3.9

23.1

United States

644.2

4.3

97.7

7.1

Belarus

606.4

3.6

12.2

Netherlands

626.8

4.2

86.0

–10.2

Belgium

500.2

3.0

–19.7

Sweden

595.1

4.0

85.5

8.5

United Kingdom

483.9

2.9

–34.3

France

422.6

2.8

87.5

7.3

China

472.3

2.8

11.7

Denmark

412.0

2.8

78.2

10.8

France

469.4

2.8

2.2

Norway

395.6

2.7

90.6

10.1

Estonia

462.8

2.7

2.6

Ukraine

335.8

2.3

70.1

–33.3

Finland

372.5

2.2

1.7

Italy

300.5

2.0

82.9

2.8

Spain

325.2

1.9

–1.1

Other

2 725.2

18.2

67.9

6.4

Other

3 099.9

18.4

24.3


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–August 2015

CN sections, chapters

Value, EUR million

Share, %

Share of goods of Lithuanian origin, %

Change, against the respective period of 2014, %

 

Total

14 890.2

100.0

58.0

–5.0

V

Mineral products

2 586.0

17.4

78.7

–6.8

27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

2 555.8

17.2

79.1

–6.9

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

2 151.3

14.4

21.6

–8.1

84

Boilers, machinery and mechanical appliances; parts thereof

1 251.4

8.4

15.5

–1.5

VI

Products of the chemical or allied industries

1 643.0

11.0

50.3

12.8

31

Fertilisers

645.1

4.3

88.1

9.7

XX

Miscellaneous manufactured articles

1 161.6

7.8

83.1

4.8

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

1 068.7

7.2

86.4

5.8

IV

Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes

992.6

6.7

67.9

–2.2

24

Tobacco and manufactured tobacco substitutes

222.1

1.5

99.3

15.8

VII

Plastics and articles thereof; rubber and articles thereof

947.3

6.4

69.8

–7.1

39

Plastics and articles thereof

880.8

5.9

74.2

–7.4

II

Vegetable products

908.5

6.1

39.0

–10.7

08

Edible fruit and nuts; peel of citrus fruit or melons

291.8

2.0

3.6

–3.4

XI

Textiles and textile articles

792.6

5.3

60.4

–7.3

62

Articles of apparel and clothing accessories, not knitted or crocheted

261.6

1.8

60.7

–7.2

 

Other

3 707.3

24.9

58.8

–9.1


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

CN sections, chapters

Value, EUR million

Share, %

Change, against the respective period of 2014, %

 

Total

8 641.7

100.0

–2.8

V

Mineral products

2 036.0

23.6

–12.2

27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

2 021.2

23.4

–12.0

XX

Miscellaneous manufactured articles

965.0

11.2

7.5

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

923.0

10.7

7.2

VI

Products of the chemical or allied industries

826.7

9.6

14.9

31

Fertilisers

568.4

6.6

10.6

IV

Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes

673.6

7.8

–1.6

24

Tobacco and manufactured tobacco substitutes

220.4

2.6

16.1

VII

Plastics and articles thereof; rubber and articles thereof

661.6

7.7

–6.1

39

Plastics and articles thereof

653.9

7.6

–6.4

I

Live animals; animal products

616.9

7.1

–15.2

04

Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included

266.7

3.1

–32.9

XI

Textiles and textile articles

478.3

5.5

–1.8

62

Articles of apparel and clothing accessories, not knitted or crocheted

158.8

1.8

1.9

 

Other

2 383.6

27.5

1.4


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

CN sections, chapters

Value, EUR million

Share, %

Change, against the respective period of 2014, %

 

Total

16 852.1

100.0

0.6

V

Mineral products

3 845.6

22.8

–5.5

27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

3 660.9

21.7

–6.3

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

2 938.3

17.4

5.8

84

Boilers, machinery and mechanical appliances; parts thereof

1 739.6

10.3

10.4

VI

Products of the chemical or allied industries

2 029.7

12.0

10.2

30

Pharmaceutical products

603.1

3.6

16.0

XVII

Vehicles, aircraft, vessels and associated transport equipment

1 242.1

7.4

2.5

87

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

1 137.7

6.8

2.2

XV

Base metals and articles of base metal

1 005.2

6.0

3.6

73

Articles of iron or steel

342.4

2.0

7.9

VII

Plastics and articles thereof; rubber and articles thereof

877.2

5.2

0.4

39

Plastics and articles thereof

731.3

4.3

0.7

IV

Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes

850.7

5.0

–2.2

22

Beverages, spirits and vinegar

224.5

1.3

–12.5

 

Other

4 063.3

24.2

–1.7


Table 7. Volume of and changes in imports and exports

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

2014−08

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

1 145.3

6.4

58.6

2 216.4

−3.1

−261.2

2015−06

1 989.9

1.8

1 154.2

0.8

58.0

2 261.0

2.0

−271.1

2015−07

2 024.3

1.7

1 150.3

−0.3

56.8

2 305.6

2.0

−281.3

2015−08

1 846.6

-8.8

1 074.2

-6.6

58.2

1 981.8

-14.0

−135.2


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


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