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Foreign trade in November 2012

1/10/2013

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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 November 2012 amounted to LTL 7.7 billion, imports – LTL 7.8 billion. Exports of goods of Lithuanian origin amounted to LTL 4.8 billion. The foreign trade deficit of Lithuania amounted to LTL 0.1 billion. 

Over the month (in November 2012, against October), exports decreased by 4.5 per cent. This was influenced by a decrease in exports of petroleum products – by 8.1 per cent, cereals – 18.7 per cent, oil seeds and oleaginous fruits, miscellaneous grains – 41.3 per cent. Imports decreased by 7 per cent, which was influenced by a decrease in imports of crude petroleum – by 12.4 per cent, ground vehicles – 24.7 per cent. Mineral products excluded, exports and imports of goods decreased by 3.8 and 3.7 per cent respectively. Exports of goods of Lithuanian origin decreased by 6.9 per cent, mineral products excluded – 8 per cent.

Over the year (in November 2012, against November 2011), exports grew by 24.9 per cent, which was influenced by an increase in exports of petroleum products – by 16.5 per cent, cereals – 3 times. Imports increased by 10.6 per cent, which was determined by an increase in imports petroleum products – by 44.5 per cent, fertilisers – 2.1 times. Mineral products excluded, exports and imports of goods increased by 27.4 and 14.9 per cent respectively. Exports of goods of Lithuanian origin increased by 20.2 per cent, mineral products excluded – by 21.3 per cent.

In January–November 2012, against the same period of 2011, exports and imports grew by 14.1 and 9.2 per cent respectively. Mineral products excluded, exports and imports of goods increased by 15.9 and 8 per cent respectively. Exports of goods of Lithuanian origin increased by 8.8 per cent, mineral products excluded – 11.9 per cent. An increase in exports was influenced by an increase in exports of petroleum products – by 9.6 per cent, boilers, machinery and mechanical appliances, parts thereof – 33.9 per cent, furniture – 22.3 per cent. An increase in imports was influenced by an increase in imports of petroleum products – by 69.9 per cent, boilers, machinery and mechanical appliances, parts thereof – 8 per cent, plastics and articles thereof – 15.9 per cent.

In January–November 2012, the most important partners in exports were Russia (18.6 per cent), Latvia (11 per cent), Germany (7.9 per cent), and Estonia (7.7 per cent), in imports – Russia (32.4 per cent), Germany (9.9 per cent), Poland (9.7 per cent), and Latvia (6 per cent). Most of goods of Lithuanian origin were exported to Germany (10.6 per cent), Latvia (10.1 per cent), Estonia (9.3 per cent), and the United Kingdom (9 per cent).

In January–November 2012, the largest share in exports and imports fell within mineral products (24.5 and 35.1 per cent respectively), machinery and mechanical appliances, electrical equipment (11.2 and 12.1 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 (34.4 per cent), products of the chemical or allied industries (8.6 per cent), and miscellaneous manufactured articles (7.8 per cent).

© Statistics Lithuania

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    Tomas Gertus
    Business Consultant
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    +370 610 11 044, Vilnius   

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