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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:08

The foreign trade deficit of Lithuania amounted to EUR 228.8 mln in March

Zita Kuzmickaitė, Statistics Lithuania, 11.05.2016.Print version
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in March 2016 amounted to EUR 1 865.4 million, imports – EUR 2 094.2 million. Exports of goods of Lithuanian origin amounted to EUR 1 063.1 million. The foreign trade deficit of Lithuania amounted to EUR 228.8 million.

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.






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