Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania
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Thursday, 28.03.2024, 15:08
The foreign trade deficit of Lithuania amounted to EUR 228.8 mln in March
Over the month (March 2016, against February), exports increased by 4.9, imports – 11.3%. The increase in exports was influenced by an increase in exports of ferrous waste and scrap (16.2 times) and machinery and mechanical appliances and parts thereof (8.6%), ground vehicles (12%). The increase in imports was determined by an increase in imports of various chemical products (3 times), electrical machinery and equipment and parts thereof (21.6%), machinery and mechanical appliances and parts thereof (14.5%). Mineral products excluded, exports of products increased by 5.1, imports – 13%. Exports of goods of Lithuanian origin increased by 2.9%, mineral products excluded – 3%.
Over the year (March 2016, against March 2015), exports decreased by 0.6, imports – 1.6%. The decrease in exports was influenced by a decrease in exports of fertilisers (40.6%) and petroleum products (17.6%). Due to a decrease in prices, exports of petroleum products decreased, although in terms of exported amount in tonnes, exports increased by 51.2%. The decrease in imports was determined by a decrease in imports and price of natural gas (85.9%), as well as by a decrease in imports of edible fruit and nuts (45.9%). Mineral products excluded, exports of goods increased by 2.2, imports – 3.5%. Exports of goods of Lithuanian origin decreased by 2%, mineral products excluded – 0.4%.
Table 1. Foreign trade balance, EUR million
|
Exports |
Imports |
Balance |
January–March 20151 |
5 144.9 |
5 737.6 |
–592.7 |
January |
1 538.4 |
1 694.3 |
–155.9 |
February |
1 730.3 |
1 915.9 |
–185.6 |
March |
1 876.2 |
2 127.4 |
–251.2 |
I quarter |
5 144.9 |
5 737.6 |
–592.7 |
II quarter |
5 828.1 |
6 697.1 |
–869.0 |
III quarter |
5 891.3 |
6 484.3 |
–593.0 |
IV quarter |
6 119.3 |
6 477.7 |
–358.4 |
2015 1 |
22 983.6 |
25 396.7 |
–2 413.1 |
January–March 2016 |
5 219.1 |
5 567.5 |
–348.4 |
January2 |
1 575.0 |
1 591.1 |
–16.1 |
February2 |
1 778.6 |
1 882.3 |
–103.7 |
March |
1 865.4 |
2 094.2 |
–228.8 |
____________________
1 Non-final data.
2 Revised data.
In January–March 2016, against the same period of 2015, exports increased by 1.4%, while imports decreased by 3%. The increase in exports was determined by an increase in exports of cereals (94.8%), electrical machinery and equipment and parts thereof (17.4%). The decrease in imports was influenced by a decrease in imports of natural gas (61.1%), crude petroleum (18.4%), edible fruit and nuts (37.1%), machinery and mechanical appliances and parts thereof (6.6%). Due to a decrease in price, imports of crude petroleum decreased, although in terms of imported amount in tonnes, imports increased by 21.6%; the decrease in imports of natural gas was also determined by a decrease in price. Mineral products excluded, exports of goods increased by 4.4, imports – 3.6%. Exports of goods of Lithuanian origin increased by 1.7%, mineral products excluded – by 4.3%. Exports to Russia decreased by 6.7%, of goods of Lithuanian origin – 5.3%, which was conditioned by a decrease in exports of machinery and mechanical appliances and parts thereof (41.3%), furniture (45.4%); meat and milk products were not exported. Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 12.9%, of food and agricultural products of Lithuanian origin – increased by 30.8% (in January–March 2015, exports of such products amounted to EUR 11 930.9 thousand, in January–March 2016 – EUR 15 600.1 thousand).
In January–March 2016, the most important Lithuania's partners in exports were Russia (12.3%), Poland (9.4%), Latvia (9.2%) and Germany (8.1%), while in imports – Russia (12.5%), Germany (12.3%), Poland (11.3%) and Latvia (7.5%). Most of the goods of Lithuanian origin were exported to Germany (10.5%), the United States (9.8%), Poland (7.3%), Sweden (6.7%), and the United Kingdom (6.5%).
In January–March 2016, the largest share in Lithuania's exports and imports fell within machinery and mechanical appliances, electrical equipment (14.4 and 18.3% respectively), mineral products (12.5 and 15.7% respectively), and products of the chemical and allied industries (12 and 13.4% respectively). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (17.1%), miscellaneous manufactured articles (12.3%), and products of the chemical or allied industries (8.9%).
Table 2. Structure of and changes in foreign trade by BEC in January–March 2016
BEC |
Exports |
Imports |
||||
Value, EUR million |
Share, % |
Change, against the respective period of 2015, % |
Value, EUR million |
Share, % |
Change, against the respective period of 2015, % |
|
Total |
5 219.1 |
100.0 |
1.4 |
5 567.5 |
100.0 |
–3.0 |
Capital goods |
586.5 |
11.2 |
0.7 |
872.7 |
15.7 |
2.8 |
Intermediate goods |
2 652.8 |
50.8 |
–1.4 |
2 995.7 |
53.8 |
–9.2 |
Consumption goods |
1 678.7 |
32.2 |
5.0 |
1 507.0 |
27.1 |
6.6 |
Motor spirit |
232.2 |
4.4 |
12.8 |
5.8 |
0.1 |
–9.5 |
Passenger motor cars |
54.7 |
1.0 |
0.6 |
182.6 |
3.3 |
11.8 |
Other |
14.2 |
0.3 |
8.3 |
3.6 |
0.1 |
–34.2 |
Table 3. Structure of and changes in trade with key foreign partners in January–March 2016
|
Exports |
|
Imports |
|||||
Value, EUR million |
Share, % |
Share of goods of Lithuanian origin, % |
Change, against the respective period of 2015, % |
Value, EUR million |
Share, % |
Change, against the respective period of 2015, % |
||
Total |
5 219.1 |
100.0 |
59.8 |
1.4 |
Total |
5 567.5 |
100.0 |
–3.0 |
EU28 |
3 235.3 |
62.0 |
65.0 |
–2.3 |
EU28 |
3 891.2 |
69.9 |
2.3 |
Euro area |
1 961.8 |
37.6 |
64.0 |
–6.5 |
Euro area |
2 603.0 |
46.8 |
2.5 |
CIS3 |
1 055.1 |
20.2 |
15.8 |
–8.2 |
CIS |
1 039.5 |
18.7 |
–17.7 |
EFTA 4 |
200.8 |
3.8 |
90.4 |
16.0 |
EFTA |
119.9 |
2.2 |
12.8 |
Russia |
643.1 |
12.3 |
9.3 |
–6.7 |
Russia |
696.1 |
12.5 |
–19.6 |
Poland |
492.3 |
9.4 |
46.1 |
0.3 |
Germany |
682.8 |
12.3 |
3.4 |
Latvia |
479.0 |
9.2 |
42.5 |
–5.2 |
Poland |
626.6 |
11.3 |
6.6 |
Germany |
424.6 |
8.1 |
77.4 |
–8.5 |
Latvia |
418.9 |
7.5 |
–0.2 |
United States |
315.0 |
6.0 |
96.9 |
35.8 |
Netherlands |
283.0 |
5.1 |
0.9 |
Estonia |
262.5 |
5.0 |
44.0 |
–3.8 |
Italy |
272.6 |
4.9 |
8.4 |
United Kingdom |
249.0 |
4.8 |
81.8 |
12.9 |
Sweden |
215.9 |
3.9 |
–6.5 |
Sweden |
240.5 |
4.6 |
87.0 |
12.1 |
France |
190.6 |
3.4 |
28.7 |
Netherlands |
182.0 |
3.5 |
70.3 |
–25.1 |
Estonia |
186.2 |
3.3 |
15.3 |
Belarus |
172.5 |
3.3 |
15.2 |
–18.2 |
China |
183.8 |
3.3 |
–5.4 |
Norway |
168.4 |
3.2 |
90.5 |
16.7 |
Belgium |
177.8 |
3.2 |
1.2 |
France |
166.3 |
3.2 |
82.6 |
11.5 |
Belarus |
161.5 |
2.9 |
–17.5 |
Denmark |
164.4 |
3.2 |
78.4 |
–2.5 |
United Kingdom |
159.2 |
2.9 |
–2.2 |
Italy |
114.6 |
2.2 |
81.8 |
3.2 |
Finland |
132.7 |
2.4 |
2.7 |
Ukraine |
114.6 |
2.2 |
55.6 |
9.8 |
Kazakhstan |
126.9 |
2.3 |
–13.0 |
Other |
1 030.3 |
19.8 |
71.8 |
11.5 |
Other |
1 052.9 |
18.8 |
–6.6 |
____________________
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 2016
CN sections, chapters |
Value, EUR million |
Share, % |
Share of goods of Lithuanian origin, % |
Change, against the respective period of 2015, % |
|
|
Total |
5 219.1 |
100.0 |
59.8 |
1.4 |
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 |
752.1 |
14.4 |
27.6 |
3.7 |
84 |
Machinery and mechanical appliances; parts thereof |
411.0 |
7.9 |
18.5 |
–5.4 |
V |
Mineral products |
652.7 |
12.5 |
81.6 |
–15.3 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
644.5 |
12.3 |
81.9 |
–15.7 |
VI |
Products of the chemical or allied industries |
625.5 |
12.0 |
44.6 |
–0.3 |
31 |
Fertilisers |
218.1 |
4.2 |
84.6 |
–27.1 |
XX |
Miscellaneous manufactured articles |
437.2 |
8.4 |
87.6 |
5.1 |
94 |
Furniture and related articles, lamps and lighting fittings, prefabricated buildings |
404.8 |
7.8 |
90.6 |
4.5 |
IV |
Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes |
393.1 |
7.5 |
70.5 |
14.3 |
24 |
Tobacco and manufactured tobacco substitutes |
90.5 |
1.7 |
99.5 |
12.0 |
II |
Vegetable products |
373.9 |
7.2 |
63.2 |
15.0 |
10 |
Cereals |
178.7 |
3.4 |
93.9 |
94.8 |
VII |
Plastics and articles thereof; rubber and articles thereof |
340.3 |
6.5 |
69.1 |
6.2 |
39 |
Plastics and articles thereof |
316.7 |
6.1 |
73.4 |
6.3 |
XI |
Textiles and textile articles |
314.8 |
6.0 |
56.5 |
6.3 |
62 |
Articles of apparel and clothing accessories, not knitted or crocheted |
101.9 |
2.0 |
57.4 |
–2.6 |
|
Other |
1329.5 |
25.5 |
59.7 |
0.7 |
Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–March 2016
CN sections, chapters |
Value, EUR million |
Share, % |
Change, against the respective period of 2015, % |
|
|
Total |
3 122.7 |
100.0 |
1.7 |
V |
Mineral products |
532.5 |
17.1 |
–9.1 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
527.8 |
16.9 |
–9.3 |
XX |
Miscellaneous manufactured articles |
382.8 |
12.3 |
7.9 |
94 |
Furniture and related articles, lamps and lighting fittings, prefabricated buildings |
366.7 |
11.7 |
7.0 |
VI |
Products of the chemical or allied industries |
279.2 |
8.9 |
–19.5 |
31 |
Fertilisers |
184.5 |
5.9 |
–28.6 |
IV |
Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes |
277.1 |
8.9 |
15.1 |
24 |
Tobacco and manufactured tobacco substitutes |
90.0 |
2.9 |
12.8 |
II |
Vegetable products |
236.5 |
7.6 |
68.6 |
10 |
Cereals |
167.7 |
5.4 |
86.9 |
VII |
Plastics and articles thereof; rubber and articles thereof |
235.2 |
7.5 |
1.8 |
39 |
Plastics and articles thereof |
232.4 |
7.4 |
1.6 |
I |
Live animals; animal products |
211.0 |
6.8 |
–6.6 |
03 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
76.4 |
2.4 |
15.8 |
|
Other |
968.4 |
30.9 |
2.6 |
Table 6. Commodity structure of and changes in imports in January–March 2016
CN sections, chapters |
Value, EUR million |
Share, % |
Change, against the respective period of 2015, % |
|
|
Total |
5 567.5 |
100.0 |
–3.0 |
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 |
1 018.5 |
18.3 |
–1.0 |
84 |
Machinery and mechanical appliances; parts thereof |
572.6 |
10.3 |
–6.6 |
V |
Mineral products |
875.1 |
15.7 |
–27.6 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
820.0 |
14.7 |
–28.6 |
VI |
Products of the chemical or allied industries |
743.7 |
13.4 |
3.8 |
30 |
Pharmaceutical products |
244.4 |
4.4 |
21.8 |
XVII |
Vehicles, aircraft, vessels and associated transport equipment |
510.7 |
9.2 |
28.7 |
87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
492.7 |
8.9 |
29.2 |
XV |
Base metals and articles of base metal |
325.3 |
5.8 |
–7.0 |
73 |
Articles of iron or steel |
106.3 |
1.9 |
–13.4 |
VII |
Plastics and articles thereof; rubber and articles thereof |
322.7 |
5.8 |
10.7 |
39 |
Plastics and articles thereof |
269.2 |
4.8 |
11.5 |
IV |
Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes |
319.2 |
5.7 |
10.7 |
22 |
Beverages, spirits and vinegar |
67.8 |
1.2 |
1.4 |
|
Other |
1 452.3 |
26.1 |
–0.3 |
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 |
|
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 |
2016−01 |
1 575.0 |
−16.3 |
1 026.4 |
−4.6 |
65.2 |
1 591.1 |
−24.0 |
−16.1 |
2016−02 |
1 778.6 |
12.9 |
1 033.2 |
0.7 |
58.1 |
1 882.3 |
18.3 |
−103.7 |
2016−03 |
1 865.4 |
4.9 |
1 063.1 |
2.9 |
57.0 |
2 094.2 |
11.3 |
−228.8 |
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.