Analytics, Baltic Export, Foreign trade , Good for Business, Lithuania
International Internet Magazine. Baltic States news & analytics
Friday, 19.04.2024, 07:24
In January exports and imports increased by 59.6% and 60.2% in Lithuania
Mineral products excluded, exports and imports grew by 51 and 56.7%, respectively. Exports of goods of Lithuanian origin grew by 53.2%, mineral products excluded – 37.4%. An increase in exports was influenced by a 92.5% increase in exports of petroleum products, 2.5 times – ground vehicles, 75.2% – fertilisers. An increase imports was influenced by a 76.3% increase in imports of crude petroleum, 2.9 times – ground vehicles, 2.1 times – boilers, machinery and mechanical appliances.
In January 2011, the most important partners in exports were Russia (12.6%), Germany (9%), Latvia (8.7%) and France (7.8%), in imports – Russia (38.2%), Germany (8.4%), Poland (7.5%) and Latvia (5.7%).
In January 2011, the largest share in exports fell within mineral products (28.6%), products of the chemical or allied industries (9.7%), machinery and mechanical appliances, electrical equipment (7.8%), in imports – mineral products (39.5%), machinery and mechanical appliances, electrical equipment (11%), products of the chemical or allied industries (10%).
In January 2011, against December 2010, exports and imports dropped by 8.5 and 4.3%, respectively. Mineral products excluded, exports and imports decreased by 14.3 and 11.6%, respectively. Exports of goods of Lithuanian origin increased by 3.1%, yet mineral products excluded it dropped by 2%. A decrease in exports was influenced by a 39.5% decrease in exports of boilers, machinery, mechanical appliances and parts thereof, 41.1% – electrical equipment and machinery and parts thereof. A decrease in imports was conditioned by a 26.1% decrease in imports of electrical machinery and equipment and parts thereof, 16.6% – boilers, machinery and mechanical appliances and parts thereof.
Table 1. Foreign trade balance, LTL million
|
Exports |
Imports |
Balance |
2011 |
|
|
|
January |
4961.2 |
5692.1 |
-730.9 |
2010◘ |
54264.3 |
60942.7 |
-6678.4 |
January |
3108.5 |
3552.1 |
-443.6 |
February |
3583.1 |
3938.6 |
-355.5 |
March |
3856.2 |
4531.1 |
-674.9 |
I quarter |
10547.8 |
12021.8 |
-1474.0 |
April |
4164.8 |
4969.6 |
-804.8 |
May |
4320.1 |
4634.2 |
-314.1 |
June |
4655.0 |
5068.2 |
-413.2 |
II quarter |
13139.9 |
14672.0 |
-1532.1 |
July |
4530.5 |
5522.3 |
-991.8 |
August |
4934.6 |
5268.1 |
-333.5 |
September |
4970.3 |
5724.5 |
-754.2 |
III quarter |
14435.4 |
16514.9 |
-2079.5 |
October |
5367.5 |
5748.3 |
-380.8 |
November |
5353.6 |
6037.5 |
-683.9 |
December |
5420.1 |
5948.2 |
-528.1 |
IV quarter |
16141.2 |
17734.0 |
-1592.8 |
◘ Non-final data.
Table 2. Structure of and changes in foreign trade by BEC
BEC |
January 2011 | |||||
exports |
imports |
change, against the corresponding period of 2010,% | ||||
value, LTL million |
share,% |
value, LTL million |
share,% |
exports |
imports | |
Total |
4961.2 |
100.0 |
5692.1 |
100.0 |
59.6 |
60.2 |
Capital goods |
311.1 |
6.3 |
453.5 |
8.0 |
35.4 |
68.6 |
Intermediate goods |
2749.2 |
55.4 |
3942.8 |
69.3 |
64.5 |
62.3 |
Consumption goods |
1259.6 |
25.4 |
1065.3 |
18.7 |
45.4 |
41.1 |
Motor spirit |
466.6 |
9.4 |
18.1 |
0.3 |
63.7 |
36.5 |
Passenger motor cars |
161.8 |
3.3 |
208.7 |
3.7 |
3.0 t. |
2.5 t. |
Other |
12.8 |
0.3 |
3.7 |
0.1 |
- |
- |
Table 3. Structure of and changes in trade with key foreign partners
Exports |
January 2011 |
Imports |
January 2011 | |||||
value, LTL million |
share of goods of Lithuanian origin,% |
share,% |
change, against the corresponding period of 2010,% |
value, LTL million |
share,% |
change, against the corresponding period of 2010,% | ||
Total |
4961.2 |
71.3 |
100.0 |
59.6 |
Total |
5692.1 |
100.0 |
60.2 |
EU |
3264.1 |
82.2 |
65.8 |
50.3 |
EU |
2859.4 |
50.2 |
60.0 |
CIS1 |
1095.1 |
26.2 |
22.1 |
94.0 |
CIS1 |
2353.3 |
41.3 |
62.1 |
EFTA2 |
116.3 |
92.5 |
2.3 |
31.3 |
EFTA2 |
29.9 |
0.5 |
30.2 |
Russia |
625.3 |
21.7 |
12.6 |
92.0 |
Russia |
2173.9 |
38.2 |
60.6 |
Germany |
448.9 |
85.2 |
9.0 |
44.0 |
Germany |
479.8 |
8.4 |
59.4 |
Latvia |
433.8 |
54.9 |
8.7 |
50.7 |
Poland |
426.3 |
7.5 |
46.4 |
France |
387.7 |
96.3 |
7.8 |
3.0 t. |
Latvia |
325.1 |
5.7 |
71.3 |
Netherlands |
325.5 |
95.2 |
6.6 |
70.3 |
Netherlands |
281.7 |
4.9 |
2.2 t. |
Poland |
294.2 |
71.3 |
5.9 |
16.0 |
Belgium |
177.0 |
3.1 |
79.3 |
United Kingdom |
289.7 |
94.8 |
5.8 |
51.6 |
Sweden |
173.3 |
3.0 |
49.9 |
Estonia |
283.9 |
71.1 |
5.7 |
25.6 |
Estonia |
157.9 |
2.8 |
72.0 |
Belarus |
239.4 |
14.5 |
4.8 |
2.4 t. |
Italy |
144.2 |
2.5 |
54.3 |
United States |
210.4 |
99.7 |
4.2 |
49.1 |
China |
135.9 |
2.4 |
43.0 |
Sweden |
179.2 |
90.4 |
3.6 |
49.1 |
France |
134.2 |
2.4 |
2.2 t. |
Other |
1243.2 |
81.0 |
25.3 |
- |
Other |
1082.8 |
19.1 |
- |
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 |
January 2011 | ||||
value, LTL million |
share of goods of Lithuanian origin,% |
share,% |
change, against the corresponding period of 2010,% | ||
|
Total |
4961.2 |
71.3 |
100.0 |
59.6 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
1415.8 |
97.1 |
28.5 |
85.9 |
87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
305.5 |
14.3 |
6.2 |
2.5 t. |
39 |
Plastics and articles thereof |
289.3 |
84.7 |
5.8 |
30.8 |
31 |
Fertilisers |
286.2 |
95.5 |
5.8 |
75.2 |
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 |
226.9 |
87.1 |
4.6 |
17.3 |
84 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof |
206.7 |
28.1 |
4.2 |
45.8 |
44 |
Wood and articles of wood; wood charcoal |
182.5 |
84.6 |
3.7 |
55.6 |
85 |
Electrical machinery and equipment and part thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles |
179.4 |
44.7 |
3.6 |
33.8 |
04 |
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included |
109.2 |
96.3 |
2.2 |
67.7 |
|
Other |
1759.7 |
57.2 |
35.4 |
- |
Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin
CN sections |
January 2011 | |||
value, LTL million |
share,% |
change, against the corresponding period of 2010,% | ||
|
Total |
3539.6 |
100.0 |
53.2 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
1375.4 |
38.9 |
86.8 |
31 |
Fertilisers |
273.4 |
7.7 |
80.1 |
39 |
Plastics and articles thereof |
245.2 |
6.9 |
26.2 |
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 |
197.7 |
5.6 |
9.2 |
44 |
Wood and articles of wood; wood charcoal |
154.5 |
4.4 |
54.3 |
04 |
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included |
105.1 |
3.0 |
67.9 |
85 |
Electrical machinery and equipment and part thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles |
80.1 |
2.3 |
30.0 |
10 |
Cereals |
79.0 |
2.2 |
5.9 |
62 |
Articles of apparel and clothing accessories, not knitted or crocheted |
67.5 |
1.9 |
13.4 |
|
Other |
961.7 |
27.1 |
- |
Table 6. Commodity structure of and changes in imports
CN sections |
January 2011 | |||
value, LTL million |
share,% |
change, against the corresponding period of 2010,% | ||
|
Total |
5692.1 |
100.0 |
60.2 |
27 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
2197.9 |
38.6 |
67.9 |
87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
422.1 |
7.4 |
2.9 t. |
84 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof |
345.6 |
6.1 |
2.1 t. |
85 |
Electrical machinery and equipment and part thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles |
282.9 |
5.0 |
40.2 |
29 |
Organic chemicals |
185.7 |
3.3 |
27.3 |
30 |
Pharmaceutical products |
169.3 |
3.0 |
36.4 |
39 |
Plastics and articles thereof |
164.7 |
2.9 |
39.2 |
72 |
Iron and steel |
132.7 |
2.3 |
2.4 t. |
08 |
Edible fruit and nuts; peel of citrus fruit or melons |
105.1 |
1.8 |
48.6 |
|
Other |
1686.1 |
29.6 |
- |
Table 7. Changes in imports and exports
Period |
Exports |
Exports of goods of Lithuanian origin |
Imports |
Balance | |||
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 | |
2010-01 |
3108.5 |
-16.6 |
2310.1 |
-9.2 |
3552.1 |
-7.5 |
-443.6 |
2010-02 |
3583.1 |
15.3 |
2550.6 |
10.4 |
3938.6 |
10.9 |
-355.5 |
2010-03 |
3856.2 |
7.6 |
2540.3 |
-0.4 |
4531.1 |
15.0 |
-674.9 |
2010-04 |
4164.8 |
8.0 |
2858.9 |
12.5 |
4969.6 |
9.7 |
-804.8 |
2010-05 |
4320.1 |
3.7 |
2951.7 |
3.2 |
4634.2 |
-6.7 |
-314.1 |
2010-06 |
4655.0 |
7.8 |
3243.7 |
9.9 |
5068.2 |
9.4 |
-413.2 |
2010-07 |
4530.5 |
-2.7 |
3071.7 |
-5.3 |
5522.3 |
9.0 |
-991.8 |
2010-08 |
4934.6 |
8.9 |
3334.6 |
8.6 |
5268.1 |
-4.6 |
-333.5 |
2010-09 |
4970.3 |
0.7 |
3351.7 |
0.5 |
5724.5 |
8.7 |
-754.2 |
2010-10 |
5367.5 |
8.0 |
3522.2 |
5.1 |
5748.3 |
0.4 |
-380.8 |
2010-11 |
5353.6 |
-0.3 |
3485.6 |
-1.0 |
6037.5 |
5.0 |
-683.9 |
2010-12 |
5420.1 |
1.2 |
3433.7 |
-1.5 |
5948.2 |
-1.5 |
-528.1 |
2011-01 |
4961.2 |
-8.5 |
3539.6 |
3.1 |
5692.1 |
-4.3 |
-730.9 |
Note. Due to rounding, the sum of lines or columns in some tables may disagree with the “Total”.