Trading numbers up across the board

Based on non-final data obtained from customs declarations and Intrastat reporting data, Lithuania’s exports in June 2010 amounted to 4.6 billion litas (1.3 billion euros), with imports of 5 billion litas, reports news agency LETA. The foreign trade deficit for the country reached 400 million litas, which is 3.5 percent higher as compared to June 2009. The data on trade with EU countries were adjusted after VAT returns data had been received, reports Statistics Lithuania.

In June 2010, compared to June 2009, exports and imports increased by 35 percent and 32 percent, respectively. Mineral products excluded, exports increased by 29.9 percent, imports by 25.7 percent. Exports of goods of Lithuanian origin increased by 32.2 percent, but excluding mineral products, they rose by 22.8 percent.

The increase in exports was influenced by a 50.6 percent increase in exports of petroleum oils and oils obtained from bituminous minerals, by a 64.8 percent jump in vehicles other than railway or tramway rolling-stock, by a 51.5 percent rise in boilers, machinery and mechanical appliances. The increase in imports was influenced by a 37.1 percent increase in imports of crude oil, by a 60.1 percent increase in vehicles other than railway or tramway rolling-stock.

In June 2010, compared to May, exports increased by 7.4 percent, while imports increased by 8.7 percent; mineral products excluded, exports increased by 3.3 percent, imports by 1.6 percent; exports of goods of Lithuanian origin increased by 9.7 percent, with mineral products excluded, by 4.1 percent.

In the first half of 2010, compared to the same period in 2009, exports and imports grew by 24.2 and 23.7 percent, respectively. Excluding mineral products, exports increased by 19 percent, imports by 14.7 percent. Exports of goods of Lithuanian origin increased by 22.5 percent, though with mineral products excluded, they increased by 14.1 percent.

The increase in exports was influenced by a 46.7 percent increase in exports of petroleum oils and oils obtained from bituminous minerals, 42 percent increase in vehicles other than railway or tramway rolling-stock, 32.8 percent rise in plastics and plastic products. The increase in imports was influenced by a 45.6 percent increase in imports of crude oil, 43.1 percent increase in vehicles other than railway or tramway rolling-stock, a 50.3 percent gain in organic chemicals.
In the first half of 2010, the most important partners for Lithuania in terms of exports were Russia (13.8 percent), Germany (10.6 percent), Latvia (9.2 percent) and Poland (7.1 percent); in imports they were Russia (33.8 percent), Germany (10.7 percent), Poland (8.8 percent) and Latvia (5.8 percent).

In the first six months of 2010, the largest share in exports fell within mineral products (24.3 percent), machinery and mechanical appliances, electrical equipment (9.8 percent), vehicles, aircrafts, vessels and associated transport equipment (8.5 percent). In imports it was mineral products (33.8 percent), products of chemical and allied industries (12 percent), machinery and mechanical appliances, electrical equipment (11.3 percent).