Foreign trade of Lithuania in January–July 2011

Last Updated on Monday, 12 September 2011 13:13

Statistics Lithuania informs that, based on provisional data obtained from customs declarations and Intrastat reporting data, exports in July 2011 amounted to LTL 5.7 billion, imports – LTL 6.3 billion. Foreign trade deficit of Lithuania amounted to LTL 0.6 billion, which is by 35.8 per cent less than in the same period in 2010. Data on trade with EU countries were adjusted after VAT returns data had been received.

In July 2011, against July 2010, exports and imports increased by 26.7 and 15.6 per cent, respectively. Mineral products excluded, exports and imports grew by 18.3 and 14.8 per cent, respectively. Exports of goods of Lithuanian origin grew by 29.3 per cent, mineral products excluded – by 18 per cent. An increase in exports was influenced by an increase in exports of petroleum products – 53 per cent, fertilisers – 58.7 per cent, boilers, machinery and mechanical appliances, parts thereof – 24.2 per cent. An increase in imports was influenced by an increase in imports of natural gas – 3 times, boilers, machinery and mechanical appliances, parts thereof – 35.8 per cent, ground vehicles – 24.7 per cent.

Over the month (in July 2011, against June), exports and imports dropped by 5.9 and 4.8 per cent, respectively. Mineral products excluded, exports and imports dropped by 8.7 and 5.1 per cent, respectively. Exports of goods of Lithuanian origin decreased by 0.5 per cent, mineral products excluded – by 3.1 per cent. A decrease in exports was influenced by a 57.6 per cent decrease in exports of ground vehicles, cereals – 82.3 per cent. A decrease in imports was influenced by a decrease in imports of ground vehicles – by 22.3 per cent, petroleum products – 34.6 per cent.

In January–July 2011, against the same period in 2010, exports and imports increased by 38.3 and 37.6 per cent, respectively. Mineral products excluded, exports and imports grew by 37 and 36.4 per cent, respectively. Exports of goods of Lithuanian origin grew by 30.6 per cent, mineral products excluded – by 26.8 per cent. An increase in exports was influenced by a 43.5 per cent increase in exports of petroleum products, ground vehicles – 93.1 per cent, fertilisers – 91.2 per cent. An increase in imports was influenced by a 37.5 per cent increase in imports of crude petroleum, 85.4 per cent – ground vehicles, 55.4 per cent – boilers, machinery and mechanical appliances, parts thereof.

In January–July 2011, the most important partners in exports were Russia (16.1 per cent), Latvia (9.7 per cent), Germany (9.4 per cent), and Poland (7.2 per cent), in imports – Russia (32.6 per cent), Germany (9.9 per cent), Poland (9 per cent), and Latvia (6.4 per cent).

In January–July 2011, the largest share in exports fell within mineral products (25 per cent), machinery and mechanical appliances, electrical equipment (9.7 per cent), products of the chemical or allied industries (9.5 per cent), in imports – mineral products (34.7 per cent), machinery and mechanical appliances, electrical equipment (12 per cent), products of the chemical or allied industries (10.5 per cent). Details...

http://www.stat.gov.lt/en/news/view?id=9983