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Foreign trade in January 2013

3/9/2013

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Foreign trade in January 2013

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in January 2013 amounted to LTL 6.5 billion, imports – LTL 7.4 billion. Exports of goods of Lithuanian origin amounted to LTL 4.4 billion. The foreign trade deficit of Lithuania amounted to LTL 0.9 billion.

Over the month (in January 2013, against December 2012), exports decreased by 7.6 per cent. This was influenced by a decrease in exports of boilers, machinery and mechanical appliances, parts thereof – by 36.9, cereals – 37.9 per cent. Imports increased by 4.3 per cent, which was influenced by an increase in imports of crude petroleum – by 41.3 per cent. Mineral products excluded, exports and imports of goods decreased by 8.9 and 8.4 per cent respectively. Exports of goods of Lithuanian origin increased by 3, mineral products excluded – 6.6 per cent.

In January 2013, against January 2012, exports grew by 15.4 per cent. This was influenced by an increase in exports of petroleum products – by 13.2 per cent, cereals – 2.9 times, furniture – 25.4 per cent. Imports increased by 14.2 per cent, which was determined by an increase in imports of crude petroleum – by 25.4, boilers, machinery and mechanical appliances, parts thereof – 20.5, electrical machinery and equipment and parts thereof – 22.3 per cent. Mineral products excluded, exports and imports of goods increased by 15.9 and 14.5 per cent respectively. Exports of goods of Lithuanian origin increased by 14.2, mineral products excluded – 13.5 per cent.

In January 2013, the most important partners in exports were Russia (14.6 per cent), Latvia (9.3 per cent), Germany (8.1 per cent), and Estonia (7.4 per cent), in imports – Russia (41.8 per cent), Poland (8.3 per cent), Germany (8.1 per cent), and Latvia (5.1 per cent). Most of goods of Lithuanian origin were exported to the United Kingdom (10.3 per cent), Germany (10.1 per cent), the Netherlands (8.9 per cent), and Estonia (8 per cent).

In January 2013, the largest share in exports and imports fell within mineral products (24.8 and 42.9 per cent respectively), machinery and mechanical appliances, electrical equipment (9.2 and 10.2 per cent), products of the chemical or allied industries (9 and 8.8 per cent). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (38.2 per cent), products of the chemical or allied industries (8.9 per cent), and miscellaneous manufactured articles (8 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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