The foreign trade deficit of Lithuania amounted to EUR 72 mln in June

Over the month (June 2017, against May), exports increased by 0.1, imports – decreased by 6.1%. The increase in exports was influenced by an increase in exports of petroleum products (12.3%), edible fruit and nuts (42.1%), and knitted or crocheted articles of apparel and clothing accessories (51%). The decrease in imports was influenced by a decrease in imports of crude petroleum (26.8%), ground vehicles (12.9%), and machinery and mechanical appliances and parts thereof (5.7%). Mineral products excluded, exports decreased by 1.5, imports – by 2.8%. Exports of goods of Lithuanian origin increased by 1.7, mineral products excluded – decreased by 2.2%.

Over the year (June 2017, against June 2016), exports increased by 22.7, imports – by 12.6%. The increase in exports was influenced by an increase in exports of electrical machinery and equipment and parts thereof (54.9%), machinery and mechanical appliances and parts thereof (35.8%), and ground vehicles (57.1%). The increase in imports was conditioned by an increase in imports of electrical machinery and equipment and parts thereof (30%), machinery and mechanical appliances and parts thereof (17.7%), and ground vehicles (10.9%). Mineral products excluded, exports increased by 26.2, imports – by 17.2%. Exports of goods of Lithuanian origin increased by 17.6, mineral products excluded – by 17.4%.

In January–June 2017, against the same period of 2016, exports and imports increased by 17.7 and 16.6% respectively. The increase in exports was conditioned by an increase in exports of petroleum products (28.8%) (the amount in tonnes decreased by 7.4%), machinery and mechanical appliances and parts thereof (28.2%), and electrical machinery and equipment and parts thereof (26.5%). The increase in imports was influenced by an increase in imports of crude petroleum (69.6%) (the amount in tonnes increased by 7.2%), machinery and mechanical appliances and parts thereof (16.9%), and ground vehicles (16.8%). Mineral products excluded, exports increased by 16, imports – by 13.2%. Exports of goods of Lithuanian origin increased by 16.1, mineral products excluded – by 11.1%.

In January–June 2017, the most important Lithuania’s partners in exports were Russia (13.8%), Latvia (9.9%), Poland (8.5%), and Germany (7.3%), in imports – Russia (12.8%), Germany (12.2%), Poland (10.6%), and Latvia (7.1%). Most of the goods of Lithuanian origin were exported to Germany (9.5%), Poland (9.1%), United States (8.3%), Sweden (7.7%) and Latvia (7.4%).

In January–June 2017, the largest share in Lithuania’s exports and imports fell within mineral products (14.6 and 19.6% respectively), machinery and mechanical appliances, electrical equipment (15.8 and 18% respectively), and products of the chemical and allied industries (10.3 and 11.9% respectively). As for the goods of Lithuanian origin, the largest share in exports fell within petroleum products (19.6%), miscellaneous manufactured articles (11.7%), prepared foodstuffs, beverages, spirits and tobacco (9%), and plastics and articles thereof (7.7%).

Table 1. Foreign trade balance, EUR million

	Exports	Imports	Balance
January–June 2016	10 736.7	11 944.7	–1 208.0
I quarter	5 201.7	5 623.3	–421.6
June	1 850.7	2 080.0	–229.3
II quarter	5 535.0	6 321.4	–786.5
III quarter	5 731.1	6 179.6	–448.5
IV quarter	6 139.2	6 575.2	–436.1
2016	22 607.0	24 699.6	–2 092.6
January–June 2017	12 640.8	13 922.0	–1 281.2
January	1 870.0	2 089.3	–219.3
February	1 999.6	2 220.2	–220.6
March	2 252.6	2 457.0	–204.4
I quarter	6 122.3	6 766.5	–644.2
April¹	1 979.6	2 318.7	–339.1
May¹	2 268.8	2 495.0	–226.2
June	2 270.1	2 341.7	–71.7
II quarter	6 518.5	7 155.5	–637.0

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¹ Revised data.

Table 2. Structure of and changes in foreign trade by BEC in January–June 2017

BEC	Exports			Imports
BEC	Value, EUR million	Share, %	Change, against the respective period of 2016, %	Value, EUR million	Share, %	Change, against the respective period of 2016, % or times (t.)
Total	12 640.8	100.0	17.7	13 922.0	100.0	16.6
Capital goods	1 628.7	12.9	30.7	2 315.6	16.6	16.8
Intermediate goods	6 411.1	50.7	16.0	7 764.4	55.8	19.9
Consumption goods	3 801.2	30.1	12.9	3 329.8	23.9	9.2
Motor spirit	600.0	4.7	31.7	23.3	0.2	13.7
Passenger motor cars	144.6	1.1	34.7	466.2	3.3	12.9
Other	55.2	0.4	49.6	22.8	0.2	4.1 t.

Table 3. Structure of and changes in trade with key foreign partners2 in January–June 2017

	Exports					Imports
	Value, EUR million	Share, %	Share of goods of Lithuanian origin, %	Change, against the respective period of 2016, %		Value, EUR million	Share, %	Change, against the respective period of 2016, % or times (t.)
Total	12 640.8	100.0	59.0	17.7	Total	13 922.0	100.0	16.6
EU28	7 473.2	59.1	68.4	11.9	EU28	9 759.3	70.1	14.6
Euro area	4 644.9	36.7	65.1	14.5	Euro area	6 562.5	47.1	13.9
Russia	1 740.4	13.8	7.6	27.2	Russia	1 784.1	12.8	20.3
Latvia	1 255.9	9.9	44.0	20.4	Germany	1 698.3	12.2	15.0
Poland	1 078.0	8.5	62.7	1.6	Poland	1 472.1	10.6	11.4
Germany	928.8	7.3	76.1	9.8	Latvia	990.8	7.1	1.2
United States	711.7	5.6	87.0	21.9	Netherlands	777.3	5.6	32.3
Sweden	647.7	5.1	88.6	27.6	Italy	667.3	4.8	–0.7
Estonia	632.4	5.0	48.2	11.4	Sweden	567.3	4.1	13.6
Belarus	496.7	3.9	13.5	32.5	France	515.4	3.7	29.1
United Kingdom	452.6	3.6	83.8	–6.3	United Kingdom	445.5	3.2	38.1
Netherlands	435.6	3.4	82.2	23.7	Belgium	445.3	3.2	19.1
Norway	378.3	3.0	89.1	9.4	Kazakhstan	437.6	3.1	2.5 t.
Denmark	336.0	2.7	78.0	7.4	Estonia	436.2	3.1	10.4
France	315.2	2.5	84.7	–1.2	China	409.5	2.9	18.1
Ukraine	307.4	2.4	68.1	34.1	Finland	378.5	2.7	30.7
Italy	292.8	2.3	80.8	24.0	Belarus	329.6	2.4	–15.2
Other	2 631.3	21.0	67.3	25.0	Other	2 567.2	18.5	14.8

____________________
²Partner country: in case of exports – recipient country; in case of imports in trade with the EU countries – country of consignment, in trade with the non-EU countries – country of origin of the good.

Table 4. Commodity structure of and changes in exports in January–June 2017

CN sections, chapters		Value, EUR million	Share, %	Share of goods of Lithuanian origin, %	Change, against the respective period of 2016, %
	Total	12 640.8	100.0	59.0	17.7
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	1 997.4	15.8	26.2	27.4
84	Machinery and mechanical appliances; parts thereof	1 104.7	8.7	16.9	28.2
V	Mineral products	1 843.7	14.6	84.8	28.8
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	1 826.7	14.5	84.9	29.0
2710	Petroleum products	1 660.9	13.1	88.1	28.2
VI	Products of the chemical or allied industries	1 299.8	10.3	43.9	5.7
31	Fertilisers	373.4	3.0	85.9	1.3
XX	Miscellaneous manufactured articles	1 022.8	8.1	85.3	13.1
94	Furniture and related articles, lamps and lighting fittings, prefabricated buildings	948.4	7.5	89.4	13.6
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	937.9	7.4	71.3	14.9
24	Tobacco and manufactured tobacco substitutes	259.5	2.1	99.3	35.1
VII	Plastics and articles thereof; rubber and articles thereof	841.8	6.7	68.5	16.2
39	Plastics and articles thereof	783.5	6.2	72.8	16.4
XV	Base metals and articles of base metal	721.4	5.7	50.2	27.0
73	Articles of iron or steel	307.6	2.4	63.0	15.5
XVII	Vehicles, aircraft, vessels and associated transport equipment	654.5	5.2	16.4	37.1
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	609.8	4.8	15.0	38.2
	Other	3 321.5	26.2	66.5	10.1

Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–June 2017

CN sections, chapters		Value, EUR million	Share, %	Change, against the respective period of 2016, %
	Total	7 453.2	100.0	16.1
V	Mineral products	1 564.2	21.0	39.9
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	1 551.2	20.8	40.2
2710	Petroleum products	1 463.8	19.6	40.1
XX	Miscellaneous manufactured articles	872.8	11.7	11.7
94	Furniture and related articles, lamps and lighting fittings, prefabricated buildings	847.7	11.4	13.1
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	668.7	9.0	16.2
24	Tobacco and manufactured tobacco substitutes	257.6	3.5	35.6
VII	Plastics and articles thereof; rubber and articles thereof	576.5	7.7	12.9
39	Plastics and articles thereof	570.1	7.6	13.0
VI	Products of the chemical or allied industries	570.3	7.7	2.4
31	Fertilisers	320.7	4.3	1.8
I	Live animals; animal products	556.1	7.5	26.6
04	Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included	236.9	3.2	51.4
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	523.2	7.0	23.9
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers	336.1	4.5	26.6
	Other	2 121.4	28.4	5.2

Table 6. Commodity structure of and changes in imports in January–June 2017

CN sections, chapters		Value, EUR million	Share, %	Change, against the respective period of 2016, %
	Total	13 922.0	100.0	16.6
V	Mineral products	2 735.6	19.6	32.4
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	2 616.5	18.8	34.8
2709	Crude petroleum	1 701.3	12.2	69.6
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	2 507.6	18.0	17.6
84	Machinery and mechanical appliances; parts thereof	1 439.3	10.3	16.9
VI	Products of the chemical or allied industries	1 663.5	11.9	11.2
30	Pharmaceutical products	508.4	3.7	5.3
XVII	Vehicles, aircraft, vessels and associated transport equipment	1 335.9	9.6	9.8
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	1 298.1	9.3	16.8
XV	Base metals and articles of base metal	887.3	6.4	23.5
73	Articles of iron and steel	295.3	2.1	24.2
VII	Plastics and articles thereof; rubber and articles thereof	770.4	5.5	14.3
39	Plastics and articles thereof	649.7	4.7	15.1
IV	Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	702.7	5.0	5.1
22	Beverages, spirits and vinegar	186.2	1.3	17.5
	Other	3 319.0	24.0	11.7

Table 7. Volume of and changes in imports and exports

Period	Exports		Exports of goods of Lithuanian origin¹			Imports		Balance
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, %	EUR million
2016-06	1 850.7	−1.7	1 122.7	−1.8	60.7	2 080.0	−4.1	−229.3
2016-07	1 824.3	−1.4	1 068.4	−4.8	58.6	2 019.3	−2.9	−195.0
2016-08	1 871.9	2.6	1 148.2	7.5	61.3	2 033.8	0.7	−162.0
2016-09	2 034.9	8.7	1 263.4	10.0	62.1	2 126.4	4.6	−91.5
2016-10	2 031.4	−0.2	1 222.2	−3.3	60.2	2 199.9	3.5	−168.5
2016-11	2 083.8	2.6	1 279.1	4.7	61.4	2 115.5	−3.8	−31.8
2016-12	2 024.0	−2.9	1 185.5	–7.3	58.6	2 259.7	6.8	−235.8
2017-01	1 870.0	−7.6	1 187.5	0.2	63.5	2 089.3	−7.5	−219.3
2017-02	1 999.6	6.9	1 205.5	1.5	60.3	2 220.2	6.3	−220.6
2017-03	2 252.6	12.7	1 311.7	8.8	58.2	2 457.0	10.7	−204.4
2017-04	1 979.6	−12.1	1 130.5	−13.8	57.1	2 318.7	−5.6	−339.1
2017-05	2 268.8	14.6	1 297.7	14.8	57.2	2 495.0	7.6	−226.2
2017-06	2 270.1	0.1	1 320.3	1.7	58.2	2 341.7	−6.1	−71.7

Note. Due to rounding, the sum of lines or columns in some tables may disagree with the “Total”.
____________________
¹Revised data of year 2017.

For more information, see the Database of Indicators.

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International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 14:49