Analytics, Baltic Export, Foreign trade , Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 13:10

Foreign trade deficit in Аugust amounted to EUR 167 mln in Lithuania

Zita Kuzmickaitė, Statistics Lithuania, 10.10.2017.Print version
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in August 2017 amounted to 2.25 billion, imports – EUR 2.42 billion. Exports of goods of Lithuanian origin amounted to EUR 1.31 billion. The foreign trade deficit of Lithuania amounted to EUR 167 million.

Over the month (August 2017, against July), exports increased by 10.6, imports – 3.1%. The increase in exports was influenced by an increase in exports of petroleum products (10.5%) (amount in tonnes increased by 7%), furniture (15.5%), oil seeds and oleaginous fruits (5.6 times). The increase in imports was determined by an increase in imports of petroleum products (38.9%), crude petroleum (4.4%) (amount in tonnes increased by 0.5%), ships, boats and floating structures (22.9 times). Mineral products excluded, exports increased by 10.4, imports – 1.4%. Exports of goods of Lithuanian origin increased by 13.1%, mineral products excluded – 12.8%.


Over the year (August 2017, against August 2016), exports increased by 20.1, imports – 18.8%. The increase in exports was influenced by an increase in exports of petroleum products (47.2%) (amount in tonnes increased by 31.3%), electrical machinery and equipment and parts thereof (36.8%), machinery and mechanical appliances, parts thereof (19.2%). The increase in imports was determined by an increase in imports of crude petroleum (34.2%) (amount in tonnes increased by 10.8%), machinery and mechanical appliances, parts thereof (20.4%), ground vehicles (25%). Mineral products excluded, exports increased by 15.9, imports – 16.2%. Exports of goods of Lithuanian origin increased by 14%, mineral products excluded – 7.2%.


In January–August 2017, against the same period of 2016, exports and imports increased by 17.3 and 16.8% respectively. The increase in exports was determined by an increase in exports of petroleum products (25.1%) (amount in tonnes decreased by 4.5%), machinery and mechanical appliances, parts thereof (26.2%), electrical machinery and equipment and parts thereof (28.7%). The increase in imports was influenced by an increase in imports of crude petroleum (56.3%) (amount in tonnes increased by 6.2%), ground vehicles (20%), machinery and mechanical appliances, parts thereof (17.3%). Mineral products excluded, exports increased by 15.8, imports – 14.2%. Exports of goods of Lithuanian origin increased by 15.2%, mineral products excluded – 10.7%.


In January–August 2017, the most important Lithuania’s partners in exports were Russia (14.4%), Latvia (10.3%), Poland (8.4%) and Germany (7.4%), while in imports – Russia (12.7%), Germany (12.5%), Poland (10.7%) and Latvia (7%). Most of the goods of Lithuanian origin were exported to Germany (9.6%), Poland (9.2%), the United States (8.3%), Latvia (7.6%) and Sweden (7.6%).


In January–August 2017, the largest share in Lithuania’s exports and imports fell within mineral products (14.7 and 19.5 respectively), machinery and mechanical appliances, electrical equipment (15.8 and 18.1% respectively) and products of the chemical and allied industries (10.1 and 11.8% respectively).  As for the goods of Lithuanian origin, the largest share in exports fell within petroleum products (19.8%), miscellaneous manufactured articles (11.8%), prepared foodstuffs, beverages, spirits and tobacco (8.9%), live animals, animal products (7.8%).






Search site