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Foreign trade deficit of Lithuania decreased by 15.6% in October y-o-y

Jonas Markelevičius, Statistics Lithuania, 10.12.2010.Print version
Statistics Lithuania informs that, based on provisional data obtained from customs declarations and Intrastat reporting data, exports in October 2010 amounted to LTL 5.4 billion, imports – LTL 5.7 billion. Foreign trade deficit of Lithuania amounted to LTL 0.3 billion, which is by 15.6% less than in October 2009. Data on trade with EU countries were adjusted after VAT returns data had been received. Over a year (October 2010, against October 2009), exports and imports increased by 43.5 and 37.6% respectively.

Mineral products excluded, exports and imports increased by 36.5 and 31.7% respectively; exports of goods of Lithuanian origin increased by 38.8%, mineral products excluded – by 27%. An increase in exports was influenced by an 82% increase in exports of petroleum products, 68.6% – boilers, machinery and mechanical appliances, 85.6 – fertilisers. An increase in imports was influenced by a 45.4% increase in imports of crude petroleum, 95.5 – ground vehicles.

 

Over a month (October 2010, against September), exports and imports increased by 7.8 and 0.1% respectively. Mineral products excluded, exports and imports increased by 8 and 2.6% respectively; exports of goods of Lithuanian origin increased by 4.8%, mineral products excluded – by 4.2%. An increase in exports was influenced by a 94% increase in exports of fertilisers.

 

In January–October 2010, compared to the same period in 2009, exports and imports grew by 30.2 and 29.9% respectively. Mineral products excluded, exports and imports increased by 25.7 and 22.2% respectively; exports of goods of Lithuanian origin increased by 27.4%, mineral products excluded – 20%. An increase in exports was influenced by a 49.3% increase in exports of petroleum products, 46.2% – ground vehicles, 31.6% – plastics and articles thereof. An increase in imports was influenced by a 45.7% increase in imports of crude petroleum, 61.7% – ground vehicles, 37.1% – electrical equipment and parts thereof.

 

In January–October 2010, the most important partners in exports were Russia (15.3%), Germany (10.2%), Latvia (9.6%) and Poland (7.9%), in imports – Russia (32.6%), Germany (11.1%), Poland (9%) and Latvia (6.1%).

 

In January–October 2010, the largest share in exports fell within mineral products (24%), machinery and mechanical appliances, electrical equipment (10.2%), products of the chemical or allied industries (7.9%), in imports – mineral products (33.1%), machinery and mechanical appliances, electrical equipment (12.1%), products of the chemical or allied industries (11.4%).


Table 1. Foreign trade balance, LTL million

 

Exports

Imports

Balance

January–October 2010

43450.9

48651.8

-5200.9

January

3102.9

3535.6

-432.7

February

3594.3

3918.7

-324.4

March

3849.5

4489.2

-639.7

I quarter

10546.7

11943.4

-1396.7

April

4155.0

4912.9

-757.9

May

4307.0

4612.7

-305.7

June

4642.9

5035.8

-392.9

II quarter

13104.9

14561.4

-1456.5

July

4528.9

5484.9

-956.0

August**

4932.5

5247.2

-314.7

September**

4976.1

5705.0

-728.9

III quarter**

14437.5

16437.0

-1999.5

October

5361.8

5710.0

-348.2

January–October 2009

33382.6

37466.2

-4083.6

I quarter

9490.8

10543.9

-1053.1

II quarter

9543.6

10838.3

-1294.7

III quarter

10611.8

11934.9

-1323.1

October

3736.4

4149.1

-412.7

IV quarter

11085.8

11993.9

-908.1

2009

40732.0

45311.0

-4579.0

** Revised data.


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

BEC

January–October 2010

exports

imports

against January–October 2009, growth, drop (-), %

LTL million

%

LTL million

%

exports

imports

Total

43450.9

100.0

48651.8

100.0

30.2

29.9

Capital goods

4204.8

9.7

5065.1

10.4

40.1

32.0

Intermediate goods

21990.0

50.6

31306.8

64.3

32.5

37.5

Consumption goods

12007.0

27.6

10536.4

21.7

19.9

10.2

Motor spirit

3825.4

8.8

101.8

0.2

44.0

7.9 t.

Passenger motor cars

1290.2

3.0

1621.2

3.3

25.6

33.1

Other

133.6

0.3

20.4

0.0

-

-


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

Exports

January–October 2010

Imports

January–October 2010

LTL million

%

against January–October 2009, growth, drop (-), %

LTL million

%

against January–October 2009, growth, drop (-), %

Total

43450.9

100.0

30.2

Total

48651.8

100.0

29.9

EU

26657.2

61.4

24.4

EU

27445.0

56.4

23.5

CIS1

11413.7

26.3

49.1

CIS1

17370.4

35.7

41.7

EFTA2

1318.6

3.0

27.0

EFTA2

315.6

0.6

-5.9

Russia

6627.1

15.3

51.7

Russia

15881.7

32.6

41.9

Germany

4436.9

10.2

37.0

Germany

5382.8

11.1

27.9

Latvia

4153.8

9.6

22.0

Poland

4358.7

9.0

15.6

Poland

3429.3

7.9

43.0

Latvia

2972.1

6.1

23.7

Netherlands

2322.3

5.3

44.2

Netherlands

2052.5

4.2

34.1

Estonia

2226.3

5.1

-0.7

Belgium

1603.4

3.3

41.6

Belarus

2165.4

5.0

44.8

Italy

1595.2

3.3

12.2

United Kingdom

2104.8

4.8

45.7

Sweden

1511.4

3.1

47.5

Ukraine

1620.2

3.7

65.1

Estonia

1379.2

2.8

38.9

Sweden

1562.1

3.6

27.5

France

1237.2

2.5

34.4

Denmark

1370.9

3.2

6.5

China

1223.0

2.5

31.9

France

1330.5

3.1

18.7

Denmark

856.9

1.8

-0.8

Other

10101.3

23.2

-

Other

8597.7

17.7

-

1 Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.
2 Iceland, Lichtenstein, Norway, Switzerland.

 

Table 4. Commodity structure of and changes in exports

CN sections, chapters

January–October 2010

LTL million

%

against January–October 2009, growth, drop (-), %

 

Total

43450.9

100.0

30.2

I–IV

Agricultural products and foodstuffs

7657.0

17.6

18.1

04

 

Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included

1179.5

2.7

25.3

08

 

Edible fruit and nuts; peel of citrus fruit or melons

741.1

1.7

35.1

V

Mineral products

10426.7

24.0

46.5

27

 

Mineral fuels, mineral oils and products of their distillation;
bituminous substances; mineral waxes

10347.0

23.8

46.6

VI

Products of the chemical or allied industries

3446.3

7.9

10.6

31

 

Fertilisers

1543.5

3.6

-2.1

VII

Plastics and articles thereof; rubber and articles thereof

3014.8

6.9

32.3

39

 

Plastics and articles thereof

2842.2

6.5

31.6

XI

Textiles and textile articles

2628.6

6.0

18.4

62

 

Articles of apparel and clothing accessories, not knitted or crocheted

778.7

1.8

11.8

XV

Base metals and articles of base metal

1955.2

4.5

29.6

73

 

Articles of iron or steel

802.4

1.8

9.7

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

4438.9

10.2

34.2

84

 

Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

2514.3

5.8

33.1

XVII

Vehicles, aircraft, vessels and associated transport equipment

3394.3

7.8

44.6

87

 

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

2720.6

6.3

46.2

XX

Miscellaneous manufactured articles

2566.9

5.9

19.2

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

2352.8

5.4

18.4

 

Other

3922.2

9.2

-

 

Table 5. Commodity structure of and changes in imports

CN sections, chapters

January–October 2010

LTL million

%

against January–October 2009, growth, drop (-), %

 

Total

48651.8

100.0

29.9

I–IV

Agricultural products and foodstuffs

6297.1

12.9

15.4

08

 

Edible fruit and nuts; peel of citrus fruit or melons

902.7

1.9

29.1

03

 

Fish and crustaceans, molluscs and other aquatic invertebrates

634.4

1.3

25.3

V

Mineral products

16115.8

33.1

48.6

27

 

Mineral fuels, mineral oils and products of their distillation;
bituminous substances; mineral waxes

15538.5

31.9

50.9

VI

Products of the chemical or allied industries

5539.3

11.4

20.2

29

 

Organic chemicals

1630.7

3.4

39.4

VII

Plastics and articles thereof; rubber and articles thereof

2235.5

4.6

30.2

39

 

Plastics and articles thereof

1856.9

3.8

27.5

XI

Textiles and textile articles

2220.9

4.6

14.0

61

 

Articles of apparel and clothing accessories, knitted or

crocheted

466.5

1.0

0.8

XV

Base metals and articles of base metal

2436.8

5.0

27.5

72

 

Iron and steel

897.0

1.8

33.7

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

5871.5

12.1

19.5

84

 

Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

3167.6

6.5

7.7

XVII

Vehicles, aircraft, vessels and associated transport equipment

3795.0

7.8

55.7

87

 

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

3410.1

7.0

61.7

 

Other

4139.9

8.5

-

 

Table 6. Changes in imports and exports 

Period

Exports

Exports of goods of Lithuanian origin

Imports

Balance

LTL million

against the previous month, growth, drop (-), %

LTL million

against the previous month, growth, drop (-), %

LTL million

against the previous month, growth, drop (-), %

LTL million

2009-10

3736.4

-0.8

2532.0

-3.4

4149.1

1.1

-412.7

2009-11

3622.7

-3.0

2469.2

-2.5

4004.4

-3.5

-381.7

2009-12

3726.7

2.9

2544.3

3.0

3840.4

-4.1

-113.7

2010-01

3102.9

-16.7

2299.2

-9.6

3535.6

-7.9

-432.7

2010-02

3594.3

15.8

2543.6

10.6

3918.7

10.8

-324.4

2010-03

3849.5

7.1

2522.8

-0.8

4489.2

14.6

-639.7

2010-04

4155.0

7.9

2851.2

13.0

4912.9

9.4

-757.9

2010-05

4307.0

3.7

2937.9

3.0

4612.7

-6.1

-305.7

2010-06

4642.9

7.8

3231.5

10.0

5035.8

9.2

-392.9

2010-07

4528.9

-2.5

3066.9

-5.1

5484.9

8.9

-956.0

2010-08

4932.5

8.9

3332.9

8.7

5247.2

-4.3

-314.7

2010-09

4976.1

0.9

3352.8

0.6

5705.0

8.7

-728.9

2010-10

5361.8

7.8

3515.1

4.8

5710.0

0.1

-348.2

Note. Due to rounding, the sum of lines or columns in some tables may disagree with the “total”.





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