Analytics

International Internet Magazine. Baltic States news & analytics Sunday, 17.12.2017, 23:42

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

Irina Plačienė, Statistics Lithuania, 10.08.2017.Print version
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports of goods in June 2017 amounted to EUR 2.27 billion, imports – EUR 2.34 billion. Exports of goods of Lithuanian origin amounted to EUR 1.32 billion. The foreign trade deficit of Lithuania amounted to EUR 72 million.

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

___________________

1 Revised data.




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

BEC

Exports

Imports

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

____________________
Partner 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

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”.
____________________
Revised data of year 2017.

 
For more information, see the Database of Indicators.

 






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