The foreign trade deficit of Lithuania amounted to EUR 0.1 nlm in August

Exports of goods of Lithuanian origin amounted to LTL 3.8 billion (EUR 1.1 billion). The foreign trade deficit of Lithuania amounted to LTL 0.2 billion (EUR 0.1 billion).

Over the month (August 2014, against July), exports decreased by 4.4, imports – by 9.4%. The decrease in exports was influenced by a decrease in exports of boilers, machinery and mechanical appliances and parts thereof(13.3%) and fertilisers (28.3%). The decrease in imports was influenced by a 20.2% decrease in imports of boilers, machinery and mechanical appliances and parts thereof, 21.7% – ground vehicles. Mineral products excluded, exports decreased by 4.3, imports – by 10.1%. Exports of goods of Lithuanian origin decreased by 4.1%, mineral products excluded –by 2.7%. Exports to Russia decreased by 6.7%, of goods of Lithuanian origin – by 15.2%. Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 43.8%, of food and agricultural products of Lithuanian origin – by 60.5% (in July, exports of such products amounted to LTL 93.1 million (EUR 27 million), while in August – LTL 36.8 million (EUR 10.6 million)).

Over the year (August 2014, against August 2013), exports decreased by 2.9%, imports – by 4%. The decrease in exports was influenced by a decrease in exports of petroleum products (24.8%). The decrease in imports was influenced by a decrease in imports of crude oil (26.2%). Mineral products excluded, exports and imports increased by 4.3 and 5.4% respectively. Exports of goods of Lithuanian origin decreased by 10.7, mineral products excluded – by 1.4%.

Exports and imports for the period 2009-2014, January-August

In January–August 2014, against January–August 2013, exports decreased by 2.4, imports – by 0.6%. The decrease in exports was influenced by a decrease in exports of petroleum products (29.7%) and ground vehicles (22.9%). The decrease in imports was influenced by a decrease in imports of crude oil (24.5%) and ground vehicles (14.2%). Mineral products excluded, exports and imports increased by 6.4 and 9.3% respectively. Exports of goods of Lithuanian origin decreased by 9.5%, mineral products excluded – grew by 3.2%. Exports to Russia increased by 7.1%, while exports of goods of Lithuanian origin – decreased by 10.9%, which was conditioned by a decrease in exports of milk and dairy products (23.6%), ground vehicles (42.2%) and meat and edible offal (25.8%).

In January–August 2014, the most important Lithuania's partners in exports were Russia (21.7%), Latvia (9.2%), Poland (8.2%), and Germany (7.4%), in imports – Russia (22%), Germany (10.8%), Poland (9.5%), and Latvia (6.7%). Most of the goods of Lithuanian origin were exported to Germany (10.6%), Latvia (8.3%), the Netherlands (7.1%), and Poland (7.2%).

In January–August 2014, the largest share in Lithuania's exports and imports fell within mineral products (17.6 and 25.5% respectively), machinery and mechanical appliances, electrical equipment (15 and 16.2%), and products of the chemical or allied industries (9.2 and 10.9%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (26%), miscellaneous manufactured articles (10.1%), live animals and animal products (8.2%), and plastics and articles thereof (8%).

Table 1. Foreign trade balance, LTL million

	Exports	Imports	Balance
January–August 2013	55 290.8	58 770.8	–3 480.0
January	6 596.2	7 322.7	–726.5
February	6 756.0	6 940.9	–184.9
March	7 413.8	7 367.8	46.0
I quarter	20 765.9	21 631.4	–865.5
April	6 988.8	7 826.5	–837.7
May	6 433.2	6 853.6	–420.4
June	6 787.3	6 723.4	63.9
II quarter	20 209.3	21 403.6	–1 194.3
July	7 027.2	8 105.3	–1 078.1
August	7 288.3	7 630.6	–342.3
September	7 449.0	8 017.7	–568.7
III quarter	21 764.4	23 753.5	–1 989.1
October	7 832.0	8 340.2	–508.2
November	7 280.3	7 892.2	–611.9
December	6 895.6	7 468.9	–573.3
IV quarter	22 007.9	23 701.3	–1 693.4
2013	84 747.6	90 489.8	–5 742.2

January–August 2014	53 965.6	58 390.1	–4 424.5
January	5 862.7	6 480.9	−618.2
February	6 208.6	6 512.3	−303.7
March	6 528.6	7 320.3	−791.7
I quarter	18 600.0	20 313.5	−1 713.5
April	6 878.1	7 511.3	–633.2
May	6 887.7	7 628.4	–740.7
June¹	7 120.2	7 531.8	–411.6
II quarter¹	20 885.9	22 671.5	–1 785.6
July¹	7 404.5	8 080.6	–676.1
August	7 075.2	7 324.5	–249.3

¹ Revised data.

Table 2. Structure of and changes in foreign trade by BEC in January–August 2014

BEC	Exports			Imports
BEC	value, LTL million	share,%	change, against the respective period in 2013, per cent	value, LTL million	share,%	change, against the respective period in 2013,%
Total	53 965.6	100.0	–2.4	58 390.1	100.0	–0.6
Capital goods	6 088.2	11.3	5.8	7 269.6	12.5	–1.0
Intermediate goods	27 544.8	51.0	–3.1	35 291.1	60.4	–3.9
Consumption goods	16 479.9	30.5	6.9	14 013.5	24.0	9.7
Motor spirit	2 766.0	5.1	–33.9	29.7	0.1	–11.1
Passenger motor cars	953.8	1.8	–28.1	1 777.4	3.0	–6.1
Other	133.0	0.2	–24.7	8.7	0.0	–42.0

Table 3. Structure of and changes in trade with key foreign partners in January–August 2014

	Exports					Imports
	value, LTL million	share,%	share of goods of Lithuanian origin,%	change, against the respective period in 2013,%		value, LTL million	share,%	change, against the respective period in 2013,%
Total	53 965.6	100.0	56.6	–2.4	Total	58 390.1	100.0	–0.6
EU28	30 008.4	55.6	70.6	–4.1	EU28	37 644.4	64.5	8.0
CIS³	17 523.9	32.5	20.0	3.1	CIS³	16 378.5	28.1	–17.8
EFTA⁴	1 491.9	2.8	92.3	12.1	EFTA⁴	402.8	0.7	–12.2
Russia	11 697.4	21.7	12.7	7.1	Russia	12 846.7	22.0	–25.7
Latvia	4 956.4	9.2	50.9	–7.6	Germany	6 278.6	10.8	1.7
Poland	4 429.2	8.2	49.8	9.1	Poland	5 573.3	9.5	0.0
Germany	3 989.6	7.4	81.2	–2.8	Latvia	3 912.0	6.7	12.1
Belarus	2 438.3	4.5	16.3	–13.1	Netherlands	3 032.4	5.2	–2.3
Estonia	2 428.2	4.5	52.6	–19.2	Italy	2 831.4	4.8	30.4
Netherlands	2 410.1	4.5	92.1	–4.0	United Kingdom	2 520.8	4.3	92.0
United Kingdom	2 188.8	4.1	89.8	–32.5	Belgium	2 137.4	3.7	6.9
United States	2 012.7	3.7	97.6	42.6	Belarus	1 864.4	3.2	2.8
Sweden	1 909.4	3.5	86.2	6.2	Sweden	1 840.0	3.2	0.2
Ukraine	1 739.0	3.2	78.9	5.7	France	1 583.4	2.7	–0.3
France	1 357.0	2.5	89.8	–2.9	Estonia	1 532.3	2.6	–11.5
Denmark	1 290.3	2.4	82.3	11.2	China	1 460.9	2.5	14.4
Norway	1 242.0	2.3	93.4	8.3	Finland	1 193.6	2.0	6.6
Italy	1 014.4	1.9	83.6	11.0	Spain	1 118.0	1.9	21.7
Other countries	8 862.8	16.4	67.2	–9.6	Other countries	8 664.9	14.9	17.6

³Armenia, 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–August 2014

CN sections		Value, LTL million	Share,%	Share of goods of Lithuanian origin,%	Change, against the respective period in 2013,%
	Total	53 965.6	100.0	56.6	–2.4
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	9 382.2	17.4	83.9	–29.6
84	Boilers, machinery and mechanical appliances; parts thereof	4 405.1	8.2	14.2	9.3
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	3 707.9	6.9	24.8	58.7
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	3 498.4	6.5	84.7	15.2
39	Plastics and articles thereof	3 296.8	6.1	73.6	1.1
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	2 439.5	4.5	14.4	–22.9
31	Fertilisers	1 986.2	3.7	86.8	–5.2
44	Wood and articles of wood; wood charcoal	1 970.7	3.7	80.9	11.1
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	1 452.7	2.7	94.2	6.0
	Other	21 826.1	40.3	49.0	4.4

Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–August 2014

CN sections		Value, LTL million	Share,%	Change, against the respective period in 2013,%
	Total	30 550.2	100.0	–9.5
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	7 874.1	25.8	–32.8
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	2 963.3	9.7	17.5
39	Plastics and articles thereof	2 427.4	7.9	–0.5
31	Fertilisers	1 723.6	5.6	–8.8
44	Wood and articles of wood; wood charcoal	1 594.6	5.2	8.8
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	1 368.8	4.5	4.5
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	918.8	3.0	25.5
10	Cereals	794.4	2.6	–18.1
73	Articles of iron or steel	659.6	2.2	21.9
	Other	10 225.6	33.5	0.5

Table 6. Commodity structure of and changes in imports in January–August 2014

CN sections		Value, LTL million	Share,%	Change, against the respective period in 2013,%
	Total	58 390.1	100.0	–0.6
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	14 299.7	24.5	–21.9
84	Boilers, machinery and mechanical appliances; parts thereof	5 339.2	9.1	11.1
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	4 148.5	7.1	40.2
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	3 809.7	6.5	–14.2
39	Plastics and articles thereof	2 511.7	4.3	9.0
30	Pharmaceutical products	1 795.6	3.1	16.4
29	Organic chemicals	1 408.6	2.4	–7.0
08	Edible fruit and nuts; peel of citrus fruit or melons	1 290.9	2.2	3.5
73	Articles of iron or steel	1 097.2	1.9	14.8
	Other	22 689.0	38.9	9.6

Table 7. Volume of and changes in imports and exports

Period	Exports		Exports of goods of Lithuanian origin		Imports		Balance
Period	value, LTL million	change, against the previous month,%	value, LTL million	change, against the previous month,%	value, LTL million	change, against the previous month,%	LTL million
2013-08	7 288.3	3.7	4 306.4	6.0	7 630.6	−5.9	−342.3
2013-09	7 449.0	2.2	4 702.8	9.2	8 017.7	5.1	−568.7
2013-10	7 832.0	5.1	4 645.4	−1.2	8 340.2	4.0	−508.2
2013-11	7 280.3	−7.0	4 155.8	−10.5	7 892.2	−5.4	−611.9
2013-12	6 895.6	−5.3	3 964.6	−4.6	7 468.9	−5.4	−573.3
2014-01	5 862.7	−15.0	3 565.6	−10.1	6 480.9	−13.2	−618.2
2014-02	6 208.6	5.9	3 614.9	1.4	6 512.3	0.5	−303.7
2014-03	6 528.6	5.2	3 664.1	1.4	7 320.3	12.4	−791.7
2014-04	6 878.1	5.4	4 051.4	10.6	7 511.3	2.6	−633.2
2014-05	6 887.7	0.1	3 984.5	−1.7	7 628.4	1.6	−740.7
2014-06	7 120.2	3.4	3 808.3	−4.4	7 531.8	−1.3	−411.6
2014-07	7 404.5	4.0	4 013.7	5.4	8 080.6	7.3	−676.1
2014-08	7 075.2	−4.4	3 847.7	−4.1	7 324.5	−9.4	−249.3

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.

Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2024, 09:56