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Foreign trade in December 2012

2/13/2013

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Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2012 amounted to LTL 7 052.4 million, imports – LTL 7 078 million. Exports of goods of Lithuanian origin amounted to LTL 4 321.7 million. The foreign trade deficit of Lithuania amounted to LTL 25.6 million.

Over the month (in December 2012, against November), exports decreased by 8.1 per cent. This was influenced by a decrease in exports of ground vehicles – by 31.5 per cent, furniture – 22.3 per cent, oil seeds and oleaginous fruits, miscellaneous grains – 81.1 per cent. Imports decreased by 9.4 per cent, which was influenced by a decrease in imports of crude petroleum – by 9.9 per cent, ground vehicles – 19.1 per cent. Mineral products excluded, exports and imports of goods decreased by 12.4 and 12.2 per cent respectively. Exports of goods of Lithuanian origin decreased by 9.7 per cent, mineral products excluded – 17.5 per cent.

In December 2012, against December 2011, exports grew by 17.2 per cent, which was influenced by an increase in exports of petroleum products – by 32.5 per cent, cereals – 4.9 times. Imports increased by 9.3 per cent, which was determined by an increase in imports of crude petroleum – by 23.6 per cent, railway locomotives, rolling stock and parts thereof – 4.7 times. Mineral products excluded, exports and imports of goods increased by 12.4 and 6.5 per cent respectively. Exports of goods of Lithuanian origin increased by 13.8 per cent, mineral products excluded – by 4.5 per cent.

In 2012, against 2011, exports and imports grew by 14.5 and 9.9 per cent respectively. Mineral products excluded, exports and imports increased by 15.7 and 8.6 per cent respectively. Exports of goods of Lithuanian origin increased by 9.4 per cent, mineral products excluded – 11.9 per cent. An increase in exports was influenced by an increase in exports of petroleum products – by 11.7 per cent, boilers, machinery and mechanical appliances, parts thereof – 33 per cent, cereals – 2.1 times. An increase in imports was influenced by an increase in imports of crude petroleum – by 8.2 per cent, boilers, machinery and mechanical appliances, parts thereof – 9.6 per cent, plastics and articles thereof – 15 per cent.

In 2012, the most important partners in exports were Russia (18.9 per cent), Latvia (10.9 per cent), Estonia (7.8 per cent), and Germany (7.8 per cent), in imports – Russia (32.2 per cent), Germany (9.8 per cent), Poland (9.7 per cent), and Latvia (6.1 per cent). Most of goods of Lithuanian origin were exported to Germany (10.4 per cent), Latvia (9.9 per cent), Estonia (9.4 per cent), and the United Kingdom (9.4 per cent).

In 2012, the largest share in exports and imports fell within mineral products (24.8 and 35 per cent respectively), machinery and mechanical appliances, electrical equipment (11.4 and 12.3 per cent), products of the chemical or allied industries (8.9 and 10.2 per cent). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (34.6 per cent), products of the chemical or allied industries (8.5 per cent), and miscellaneous manufactured articles (7.6 per cent).

© Statistics Lithuania

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    Author

    Tomas Gertus
    Business Consultant
    tomas@eksportolyderis.lt
    +370 610 11 044, Vilnius   

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