VilNews

THE VOICE OF INTERNATIONAL LITHUANIA

24 October 2017
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Statistics Lithuania informs that, based on the final data obtained from customs declarations, VAT returns and Intrastat reporting data, exports in 2011 amounted to LTL 69.6 billion, imports – LTL 78.8 billion.

Exports of goods of Lithuanian origin amounted to LTL 45.9 billion. Foreign trade deficit of Lithuania amounted to LTL 9.2 billion.

In 2011, against 2010, exports and imports grew by 28.8 and 29.3% respectively. Mineral products excluded, exports and imports grew by 25.4 and 27.3% respectively. An increase in exports was influenced by an increase in exports of petroleum products – by 39.8%, ground vehicles – 42.8%, fertilisers – 61.1%. An increase in imports was influenced by an increase in imports of crude petroleum – by 27.6%, ground vehicles – 54.3%, boilers, machinery and mechanical appliances, parts thereof – 34.4%. 

In 2011, the most important partners in exports were Russia (16.6%), Latvia (10.2%), Germany (9.3%), and Poland (6.9%), in imports – Russia (32.1%), Germany (10%), Poland (9.1%), and Latvia (6.6%).  

In 2011, the largest share in exports and imports fell within mineral products (25.5 and 34.3% respectively), machinery and mechanical appliances, electrical equipment (10.4 and 12.3%), products of the chemical or allied industries (9.2 and 10.3%).  

In 2011, against 2010, exports of goods of Lithuanian origin increased by 25.1%, mineral products excluded – 20.5%. The increase in exports of goods of Lithuanian origin was influenced by an increase in exports of petroleum products – by 35.5%, fertilisers – 63.4%, furniture – 21.4%, plastics and articles thereof – 18.8%, wood and wood products – 24.8%. 

As for exports of goods of Lithuanian origin, the largest share in exports fell within mineral products (36.1%), products of the chemical or allied industries (8.8%), miscellaneous manufactured articles (7.3%), and plastics and articles thereof (7.1%). 

Most goods of Lithuanian origin were exported to Germany (12.3%), the Netherlands (8.9%), Latvia (8.5%), Poland (7.2%), Estonia (7%), and France (5.8%).  

Table 1. Foreign trade balance, LTL million

  Exports Imports Balance
2010 54038.8 60952.8 -6914.0
I quarter 10519.1 12046.0 -1526.9
II quarter 13090.8 14609.8 -1519.0
III quarter 14405.3 16486.4 -2081.1
IV quarter 16023.6 17810.6 -1787.0
       
2011 69576.8 78812.2 -9235.4
January 4964.7 5749.0 -784.3
February 5158.7 5872.9 -714.2
March 5674.3 6555.5 -881.2
I quarter 15797.7 18177.3 -2379.6
April 5193.8 6280.6 -1086.8
May 6122.7 6890.5 -767.8
June 6068.8 6716.7 -647.9
II quarter 17385.4 19887.9 -2502.5
July 5716.1 6381.6 -665.5
August 6026.3 6800.3 -774.0
September 6341.7 7096.9 -755.2
III quarter 18084.1 20278.8 -2194.7
October 6094.0 6954.8 -860.8
November 6196.0 7035.4 -839.4
December 6019.8 6478.1 -458.3
IV quarter 18309.7 20468.2 -2158.5
Category : News



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