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Lithuanian foreign trade in August 2012 

10/10/2012

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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 August 2012 amounted to LTL 7.3 billion, imports – LTL 7.6 billion. Exports of goods of Lithuanian origin amounted to LTL 4.6 billion. The foreign trade deficit of Lithuania amounted to LTL 0.2 billion. 

Over the month (in August 2012, against July), exports increased by 13.6 per cent. This was influenced by an increase in exports of petroleum products – by 16.9 per cent, oil seeds and oleaginous fruits; miscellaneous grains – 9.5 times. Imports increased by 4.6 per cent, which was determined by an increase in imports of crude petroleum – by 14.8 per cent, natural calcium phosphates – 79.7 per cent. Mineral products excluded, exports of goods increased by 11.8 per cent, imports decreased by 1.1 per cent. Exports of goods of Lithuanian origin increased by 15.8 per cent, mineral products excluded – also by 15.8 per cent.

Over the year (in August 2012, against August 2011), exports grew by 21.9 per cent, which was influenced by an increase in exports of petroleum products – by 14.8 per cent, boilers, machinery and mechanical appliances, parts thereof – 42.2 per cent, ground vehicles – 53.1 per cent. Imports grew by 11.4 per cent, which was determined by an increase in imports of crude petroleum – by 9 per cent, boilers, machinery and mechanical appliances, parts thereof– 22.5 per cent. Mineral products excluded, exports and imports of goods increased by 24.8 and 10.1 per cent respectively. Exports of goods of Lithuanian origin increased by 12 per cent, mineral products excluded – by 15 per cent.

In January–August 2012, against the same period of 2011, exports and imports grew by 10.1 and 6.9 per cent respectively. Mineral products excluded, exports and imports of goods increased by 12.7 and 6.5 per cent respectively. Exports of goods of Lithuanian origin increased by 3.8 per cent, mineral products excluded – 8.6 per cent. An increase in exports was influenced by an increase in exports of boilers, machinery and mechanical appliances, parts thereof – by 37.3 per cent, furniture – 23.3 per cent, plastics and articles thereof – 14.4 per cent. An increase in imports was influenced by an increase in imports of petroleum products – by 71.2 per cent, plastics and articles thereof – 15.3 per cent, machinery and mechanical appliances, parts thereof – 6.2 per cent.

In January–August 2012, the most important partners in exports were Russia (18.9 per cent), Latvia (11 per cent), Germany (8.1 per cent), and Estonia (7.3 per cent), in imports – Russia (31.4 per cent), Germany (9.8 per cent), Poland (9.8 per cent), and Latvia (6 per cent). Most of goods of Lithuanian origin were exported to Germany (11 per cent), Latvia (9.9 per cent), the United Kingdom (9.7 per cent), and the Netherlands (9 per cent).

In January–August 2012, the largest share in exports and imports fell within mineral products (23.8 and 34.4 per cent respectively), machinery and mechanical appliances, electrical equipment (11.4 and 12.1 per cent), products of the chemical or allied industries (9.5 and 10.5 per cent). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (33.6 per cent), products of the chemical or allied industries (9.5 per cent), and miscellaneous manufactured articles (8.1 per cent).

© Statistics Lithuania

1 Comment

    Author

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

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