Foreign trade deficit of Lithuania amounted to LTL 0.5 bln in October

Exports of goods of Lithuanian origin amounted to LTL 4.7 billion (EUR 1.4 billion). The foreign trade deficit of Lithuania amounted to LTL 0.5 billion (EUR 0.1 billion).

Over the month (October 2014, against September), exports increased by 5.4, imports – by 5.1%. The increase in exports was influenced by an increase in exports of fertilisers (58.3%), furniture (16.5%), and boilers, machinery and mechanical appliances and parts thereof (8.9%). The increase in imports was influenced by a 10% increase in imports of crude oil, 20.7% – pharmaceutical products, 7.5% – plastics and articles thereof. Mineral products excluded, exports increased by 5.9, imports – by 4.2%. Exports of goods of Lithuanian origin increased by 5.8%, mineral products excluded – by 6.3%. Exports to Russia increased by 3.4%, of goods of Lithuanian origin – by 11.3%, which was conditioned by an increase in exports of plastics and articles thereof (96.7%), preparations of cereals, flour, starch or milk (2.1 times), electrical machinery and equipment and parts thereof (2.2 times).

Exports and imports in 2009–2014, January-October

Over the year (October 2014, against October 2013), exports increased by 5%, imports – by 4%. The increase in exports was influenced by an increase in exports of cereals (51.4%). The increase in exports and imports was influenced by an increase in exports and imports of boilers, machinery and mechanical appliances and parts thereof (by 26.8 and 27.5% respectively) and electrical machinery and equipment and parts thereof (29.3 and 24.9% respectively). Mineral products excluded, exports and imports increased by 8.6 and 7.6% respectively. Exports of goods of Lithuanian origin increased by 0.7, mineral products excluded – by 8.8%.

In January–October 2014, against January–October 2013, exports decreased by 0.8, while imports increased by 0.3%. The decrease in exports was influenced by a decrease in exports of petroleum products (26.8%) and ground vehicles (20.2%). The increase in imports was influenced by an increase in imports of electrical machinery and equipment and parts thereof (41.1%). Mineral products excluded, exports and imports increased by 7.4 and 9.1% respectively. Exports of goods of Lithuanian origin decreased by 7.9%, mineral products excluded – grew by 4.2%. Exports to Russia increased by 7.8%, while exports of goods of Lithuanian origin – decreased by 14%, which was conditioned by a decrease in exports of milk and dairy products (35.3%), meat and edible meat offal (34.1%), ground vehicles (28.4%), and preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (58%). Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 14.2%, of food and agricultural products of Lithuanian origin – by 26.5% (in January–October 2013, exports of such products amounted to LTL 971.5 million (EUR 281.4 million), while in the same period of 2014 – LTL 714.5 million (EUR 206.9 million)).

In January–October 2014, the most important Lithuania's partners in exports were Russia (21.3%), Latvia (9.2%), Poland (8.2%), and Germany (7.3%), in imports – Russia (22%), Germany (11%), Poland (9.6%), and Latvia (6.9%). Most of the goods of Lithuanian origin were exported to Germany (10.4%), Latvia (8.3%), the Netherlands (7.4%), and Poland (7.1%).

In January–October 2014, the largest share in Lithuania's exports and imports fell within mineral products (17.8 and 25.7% respectively), machinery and mechanical appliances, electrical equipment (15.3 and 16.6%), and products of the chemical or allied industries (9 and 10.6%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (26%), miscellaneous manufactured articles (10%), live animals and animal products (7.9%), and prepared foodstuffs (7.7%).

Table 1. Foreign trade balance, LTL million

	Exports	Imports	Balance
January–October 2013	70 571.7	75 128.7	–4 557.0
I quarter	20 765.9	21 631.4	–865.5
II quarter	20 209.3	21 403.6	–1 194.3
III quarter	21 764.4	23 753.5	–1 989.1
October	7 832.0	8 340.2	–508.2
IV quarter	22 007.9	23 701.3	–1 693.4
2013	84 747.6	90 489.8	–5 742.2

January–October 2014	69 988.1	75 324.6	–5 336.5
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
June	7 120.2	7 531.8	–411.6
II quarter	20 885.9	22 671.5	–1 785.6
July	7 404.4	8 080.9	–676.5
August¹	7 075.0	7 336.3	–261.3
September¹	7 801.5	8 251.7	–450.2
III quarter¹	22 280.8	23 668.9	–1 388.1
October	8 221.3	8 670.7	–449.4

¹ Revised data.

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

BEC	Exports			Imports
BEC	value, LTL million	share,%	change, against the respective period in 2013,%	value, LTL million	share,%	change, against the respective period in 2013,%
Total	69 988.1	100.0	–0.8	75 324.6	100.0	0.3
Capital goods	8 172.6	11.7	9.0	9 787.5	13.0	1.1
Intermediate goods	35 914.5	51.3	–0.9	45 547.2	60.5	–2.5
Consumption goods	20 860.4	29.8	6.2	17 597.3	23.4	8.2
Motor spirit	3 600.3	5.1	–32.0	60.9	0.1	52.0
Passenger motor cars	1 266.3	1.8	–24.2	2 319.2	3.1	–4.4
Other	174.0	0.2	–20.9	12.5	0.0	–35.9

Table 3. Structure of and changes in trade with key foreign partners in January–October 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	69 988.1	100.0	56.7	–0.8	Total	75 324.6	100.0	0.3
EU28	38 537.2	55.1	70.1	–3.3	EU28	48 527.0	64.4	7.8
CIS³	22 739.7	32.5	20.6	4.2	CIS³	21 115.5	28.0	–14.9
EFTA⁴	1 937.0	2.8	92.2	12.3	EFTA⁴	528.3	0.7	–10.8
Russia	14 877.3	21.3	12.3	7.8	Russia	16 607.9	22.0	–22.3
Latvia	6 445.4	9.2	51.0	–8.3	Germany	8 384.3	11.1	4.7
Poland	5 747.4	8.2	48.9	10.4	Poland	7 220.9	9.6	0.8
Germany	5 109.3	7.3	81.1	–0.1	Latvia	5 170.3	6.9	11.7
Belarus	3 182.0	4.5	17.4	–12.0	Italy	3 632.8	4.8	27.1
Netherlands	3 181.6	4.5	91.9	–5.0	Netherlands	3 615.9	4.8	–7.3
Estonia	3 086.9	4.4	51.6	–23.9	United Kingdom	3 211.4	4.3	85.5
United Kingdom	2 675.2	3.8	89.2	–27.9	Belgium	2 679.8	3.6	5.6
United States	2 522.5	3.6	97.7	54.0	Sweden	2 389.0	3.2	–1.2
Ukraine	2 491.4	3.6	79.8	8.8	Belarus	2 202.7	2.9	–2.2
Sweden	2 486.7	3.6	85.7	7.2	France	2 088.2	2.8	1.5
France	1 781.9	2.5	89.4	5.8	Estonia	1 979.2	2.6	–8.8
Denmark	1 622.9	2.3	81.0	11.4	China	1 934.2	2.6	17.1
Norway	1 611.5	2.3	93.2	7.8	Kazakhstan	1 503.8	2.0	3.4 t.
Italy	1 297.7	1.9	82.9	9.3	Finland	1 489.6	2.0	2.2
Other countries	11 868.4	17.0	68.2	–6.0	Other countries	11 214.6	14.8	7.0

³ Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.

⁴Iceland, Lichtenstein, Norway, Switzerland.

Table 4. Commodity structure of and changes in exports in January–October 2014

CN sections	Value, LTL million	Share,%	Share of goods of Lithuanian origin,%	Change, against the respective period in 2013,%
Total	69 988.1	100.0	56.7	–0.8
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	12 320.4	17.6	83.1	–26.5
Boilers, machinery and mechanical appliances; parts thereof	5 812.1	8.3	14.0	13.9
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	4 877.0	7.0	23.4	57.1
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	4 496.4	6.4	84.5	15.3
Plastics and articles thereof	4 141.9	5.9	72.6	2.2
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	3 285.5	4.7	14.5	–20.2
Wood and articles of wood; wood charcoal	2 534.5	3.6	80.8	10.4
Fertilisers	2 374.6	3.4	87.5	–2.4
Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	1 777.1	2.5	94.7	1.1
Other	28 368.6	40.6	50.7	4.9

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

CN sections		Value, LTL million	Share,%	Change, against the respective period in 2013,%
	Total	39 684.2	100.0	–7.9
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	10 240.6	25.8	–30.6
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	3 798.7	9.6	16.5
39	Plastics and articles thereof	3 008.1	7.6	–0.1
31	Fertilisers	2 077.6	5.2	–5.3
44	Wood and articles of wood; wood charcoal	2 046.9	5.2	8.1
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	1 682.6	4.2	0.5
10	Cereals	1 519.6	3.8	3.6
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	1 143.1	2.9	20.7
24	Tobacco and manufactured tobacco substitutes	936.7	2.4	3.7
	Other	13 230.3	33.3	1.9

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

CN sections		Value, LTL million	Share, per cent	Change, against the respective period in 2013,%
	Total	75 324.6	100.0	0.3
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	18 629.6	24.7	–18.9
84	Boilers, machinery and mechanical appliances; parts thereof	7 016.7	9.3	15.1
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	5 507.0	7.3	41.1
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	5 073.8	6.7	–13.6
39	Plastics and articles thereof	3 240.0	4.3	9.9
30	Pharmaceutical products	2 272.4	3.0	13.3
29	Organic chemicals	1 745.4	2.3	–8.6
08	Edible fruit and nuts; peel of citrus fruit or melons	1 460.1	1.9	–0.8
73	Articles of iron or steel	1 438.3	1.9	12.6
	Other	28 941.3	38.6	8.6

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
2013-10	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	7 404.4	4.0	4 019.6	5.5	8 080.9	7.3	-676.5
2014-08	7 075.0	−4.4	3 877.9	−3.5	7 336.3	−9.2	−261.3
2014-09	7 801.5	10.3	4 420.0	14.0	8 251.7	12.5	−450.2
2014-10	8 221.3	5.4	4 677.9	5.8	8 670.7	5.1	−449.4

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 Thursday, 25.04.2024, 00:13