The foreign trade deficit of Lithuania amounted to EUR 210.5 mln in 2015

Over the month (December 2015, against November), exports decreased by 8.4, imports – by 1.3%.

The decrease in exports was influenced by a decrease in exports of petroleum products (13.5%), optical, photographic, measuring, checking instruments and apparatus and parts and accessories thereof (35.1%), and furniture (16.4%). The decrease in imports was determined by a decrease in imports of optical, photographic, measuring, checking instruments and apparatus and parts and accessories thereof (39.9%) and electrical machinery and equipment and parts thereof (8.1%). Mineral products excluded, exports decreased by 7.3, imports – by 7.6%. Exports of goods of Lithuanian origin decreased by 9.7%, mineral products excluded – also by 9.7%.

Over the year (December 2015, against December 2014), exports decreased by 1.4%, while imports increased by 1.8%. The decrease in exports was determined by a decrease in exports of petroleum products (17.1%) and boilers, machinery and mechanical appliances, parts thereof (16.3%). A decrease in the value of exported petroleum products was conditioned by price drop for petroleum. The increase in imports was determined by an increase in imports of ground vehicles (24.8%) and electrical machinery and equipment and parts thereof (21%). Mineral products excluded, exports increased by 1.6, imports – by 3.7%. Exports of goods of Lithuanian origin decreased by 0.4%, mineral products excluded – increased by 5.8%.

Exports and imports, 2010-2015

Source: stat.gov.lt

In 2015, against 2014, exports decreased by 5.7, imports – by 1.9%. The decrease in exports was influenced by a decrease in exports of petroleum products (12.4%), ground vehicles (25.7%), and boilers, machinery and mechanical appliances and parts thereof (10.7%). The decrease in imports was determined by a decrease in imports of crude petroleum (19.5%) and edible vegetables (27.3%). A decrease in the value of exported petroleum products and imported crude petroleum was conditioned by price drop for petroleum. Mineral products excluded, exports decreased by 4.3%, while imports increased by 1.8%. Exports of goods of Lithuanian origin decreased by 2.4%, mineral products excluded – increased by 2.7%. Exports to Russia decreased by 38.2%, of goods of Lithuanian origin – by 47%, which was mainly conditioned by a decrease in exports of milk and dairy products (94.3%), electrical machinery and equipment and parts thereof (82.1%), and ground vehicles (75.7%); meat and edible meat offal was not exported at all. Exports of food and agricultural products (CN sections I–IV) to Russia dropped by 54.5%, of food and agricultural products of Lithuanian origin – by 71.7% (in 2014, exports of such products amounted to EUR 221.8 million, in 2015 – EUR 62.7 million).

In 2015, the most important Lithuania's partners in exports were Russia (13.7%), Latvia (9.8%), Poland (9.7%), and Germany (7.8%), in imports – Russia (16.9%), Germany (11.5%), Poland (10.3%), and Latvia (7.6%). Most of the goods of Lithuanian origin were exported to Germany (10.6%), Latvia (7.9%), the United States (7.3%), Poland (6.7%), and the United Kingdom (6.6%).

In 2015, the largest share in Lithuania's exports and imports fell within mineral products (16.6 and 21.4% respectively), machinery and mechanical appliances, electrical equipment (14.8 and 17.9% respectively), and products of the chemical or allied industries (10.8 and 12.1% respectively). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (22.1%), miscellaneous manufactured articles (11%), products of the chemical or allied industries (8.9%), prepared foodstuffs, beverages, spirits and vinegar, tobacco and manufactured tobacco substitutes (7.8%).

Table 1. Foreign trade balance, EUR million

	Exports	Imports	Balance
2014	24 361.3	25 889.5	–1 528.2
I quarter	5 418.1	5 831.6	–413.5
II quarter	6 056.4	6 501.5	–445.1
III quarter	6 449.9	6 771.5	–321.6
December	1 909.3	2 055.5	–146.2
IV quarter	6 436.9	6 784.8	–347.9
2015¹	22 983.6	25 396.7	–2 413.1
January ²	1 538.4	1 694.3	–155.9
February ²	1 730.3	1 915.9	–185.6
March ²	1 876.2	2 127.4	–251.2
I quarter²	5 144.9	5 737.6	–592.7
April ²	1 906.3	2 285.6	–379.3
May ²	1 945.0	2 182.2	–237.2
June ²	1 976.8	2 229.4	–252.6
II quarter²	5 828.1	6 697.1	–869.0
July²	2 013.5	2 310.3	–296.8
August²	1 836.2	2 021.4	–185.2
September ²	2 041.7	2 152.7	–111.0
III quarter²	5 891.3	6 484.3	–593.0
October ²	2 182.1	2 264.6	–82.5
November ²	2 055.0	2 120.3	–65.3
December	1 882.3	2 092.8	–210.5
IV quarter	6 119.3	6 477.7	–358.4

¹ Non-final data.
²Revised data.

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

BEC	Exports			Imports
BEC	value, EUR million	share, %	change, against 2014, %	value, EUR million	share, %	change, against 2014, % or times (t.)
Total	22 983.6	100.0	–5.7	25 396.7	100.0	–1.9
Capital goods	2 745.7	11.9	–7.8	3 896.0	15.3	7.3
Intermediate goods	11 802.0	51.3	–4.8	14 440.1	56.9	–5.8
Consumption goods	6 980.6	30.4	–3.1	6 235.2	24.6	2.2
Motor spirit	1 148.3	5.0	–10.3	38.3	0.2	2.1 t.
Passenger motor cars	240.7	1.0	–44.9	756.8	3.0	–5.2
Other	66.4	0.3	10.9	30.4	0.1	5.0 t.

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

	Exports					Imports
	value, EUR million	share, %	share of goods of Lithuanian origin, %	change, against 2014, %		value, EUR million	share, %	change, against 2014, %
Total	22 983.6	100.0	58.8	–5.7	Total	25 396.7	100.0	–1.9
EU28	14 086.6	61.3	66.8	5.5	EU28	17 011.7	67.0	0.2
Euro area	8 782.6	38.2	69.0	3.1	Euro area	11 483.4	45.2	0.8
CIS³	5 501.5	23.9	18.4	–30.4	CIS	5 737.5	22.6	–16.6
EFTA⁴	715.8	3.1	90.5	7.1	EFTA	359.9	1.4	68.9
Russia	3 139.7	13.7	10.0	–38.2	Russia	4 297.3	16.9	–19.6
Latvia	2 259.3	9.8	47.4	1.1	Germany	2 922.3	11.5	0.7
Poland	2 235.0	9.7	40.3	10.4	Poland	2 620.2	10.3	5.1
Germany	1 793.8	7.8	80.1	1.8	Latvia	1 921.8	7.6	4.6
Estonia	1 224.4	5.3	51.3	15.2	Netherlands	1 299.8	5.1	2.4
Belarus	1 057.2	4.6	12.0	–7.0	Italy	1 155.0	4.5	–11.4
United Kingdom	1 027.7	4.5	87.0	11.9	Sweden	986.9	3.9	18.2
United States	1 015.8	4.4	97.5	12.3	Belarus	879.9	3.5	18.3
Netherlands	920.6	4.0	85.7	–15.2	Belgium	762.9	3.0	–16.0
Sweden	912.4	4.0	86.5	6.7	Estonia	761.6	3.0	9.0
Ukraine	640.8	2.8	72.9	–29.2	United Kingdom	750.1	3.0	–31.3
France	613.3	2.7	87.4	–3.0	France	749.8	3.0	2.3
Denmark	600.9	2.6	79.5	6.6	China	725.3	2.9	8.9
Norway	597.9	2.6	91.1	7.1	Finland	579.4	2.3	7.1
Italy	477.4	2.1	84.7	5.9	Spain	494.6	1.9	–1.7
Other	4 467.4	19.4	70.4	6.7	Other	4 489.8	17.6	11.8

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 2015

CN sections, chapters		Value, EUR million	Share, %	Share of goods of Lithuanian origin, %	Change, against 2014, %
	Total	22 983.6	100.0	58.8	–5.7
V	Mineral products	3 826.5	16.6	78.2	–11.8
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	3 784.6	16.5	78.5	–11.9
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	3 407.1	14.8	22.8	–9.5
84	Boilers, machinery and mechanical appliances; parts thereof	1 896.8	8.3	16.1	–10.7
VI	Products of the chemical or allied industries	2 489.2	10.8	48.6	11.7
31	Fertilisers	916.9	4.0	88.5	8.8
XX	Miscellaneous manufactured articles	1 771.2	7.7	84.0	3.4
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	1 629.1	7.1	87.3	4.6
II	Vegetable products	1 724.7	7.5	57.6	1.9
10	Cereals	594.9	2.6	98.4	–0.3
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	1 554.5	6.8	67.6	–6.1
24	Tobacco and manufactured tobacco substitutes	338.5	1.5	98.9	–6.8
VII	Plastics and articles thereof; rubber and articles thereof	1 412.5	6.1	69.3	–6.3
39	Plastics and articles thereof	1 306.6	5.7	74.0	–6.6
XI	Textiles and textile articles	1 187.9	5.2	60.3	–9.8
62	Articles of apparel and clothing accessories, not knitted or crocheted	373.3	1.6	60.8	–9.9
	Other	5 610.0	24.5	59.0	–8.7

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

CN sections, chapters		Value, EUR million	Share, %	Change, against 2014, %
	Total	13 514.4	100.0	–2.4
V	Mineral products	2 992.6	22.1	–16.8
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	2 971.6	22.0	–16.7
XX	Miscellaneous manufactured articles	1 487.7	11.0	8.4
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	1 422.8	10.5	8.1
VI	Products of the chemical or allied industries	1 209.3	8.9	11.0
31	Fertilisers	811.7	6.0	8.8
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	1 050.8	7.8	–4.4
24	Tobacco and manufactured tobacco substitutes	334.9	2.5	–7.2
II	Vegetable products	992.9	7.3	17.2
10	Cereals	585.3	4.3	–0.1
VII	Plastics and articles thereof; rubber and articles thereof	979.4	7.2	–4.4
39	Plastics and articles thereof	967.1	7.2	–4.7
I	Live animals; animal products	954.7	7.1	–10.7
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	404.1	3.0	–28.1
	Other	3 847.0	28.6	2.8

Table 6. Commodity structure of and changes in imports in 2015

CN sections, chapters		Value, EUR million	Share, %	Change, against 2014, %
	Total	25 396.7	100.0	–1.9
V	Mineral products	5 445.5	21.4	–13.5
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	5 136.1	20.2	–15.1
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	4 549.3	17.9	0.0
84	Boilers, machinery and mechanical appliances; parts thereof	2 623.8	10.3	–1.2
VI	Products of the chemical or allied industries	3 082.7	12.1	12.0
30	Pharmaceutical products	970.2	3.8	22.5
XVII	Vehicles, aircraft, vessels and associated transport equipment	1 879.5	7.4	0.9
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	1 750.8	6.9	1.1
XV	Base metals and articles of base metal	1 488.0	5.9	0.9
73	Articles of iron or steel	516.2	2.0	4.9
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	1 356.0	5.3	–2.6
22	Beverages, spirits and vinegar	369.4	1.5	–13.6
VII	Plastics and articles thereof; rubber and articles thereof	1 350.6	5.3	1.3
39	Plastics and articles thereof	1 119.6	4.4	1.6
	Kita	6 245.1	24.7	0.2

Table 7. Volume of and changes in imports and exports

Period	Exports		Exports of goods of Lithuanian origin			Imports		Balance EUR million
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, %
2014−12	1 909.3	−11.4	1 080.0	−12.0	56.6	2 055.5	−8.0	−146.2
2015−01	1 538.4	−19.4	962.7	−10.9	62.6	1 694.3	−17.6	−155.9
2015−02	1 730.3	12.5	1 022.0	6.2	59.1	1 915.9	13.1	−185.6
2015−03	1 876.2	8.4	1 084.6	6.1	57.8	2 127.4	11.0	−251.2
2015−04	1 906.3	1.6	1 088.3	0.3	57.1	2 285.6	7.4	−379.3
2015−05	1 945.0	2.0	1 156.8	6.3	59.5	2 182.2	−4.5	−237.2
2015−06	1 976.8	1.6	1 152.2	−0.4	58.3	2 229.4	2.2	−252.6
2015−07	2 013.5	1.9	1 157.0	0.4	57.5	2 310.3	3.6	−296.8
2015−08	1 836.2	−8.8	1 071.7	−7.4	58.4	2 021.4	−12.5	−185.2
2015−09	2 041.7	11.2	1 264.5	18.0	61.9	2 152.7	6.5	−111.0
2015−10	2 182.1	6.9	1 286.6	1.7	59.0	2 264.6	5.2	−82.5
2015−11	2 055.0	−5.8	1 192.0	−7.4	58.0	2 120.3	−6.4	−65.3
2015−12	1 882.3	−8.4	1 076.0	−9.7	57.2	2 092.8	−1.3	−210.5

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, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 23:44