Foreign trade of Lithuania in January– August 2009

Published: 12 October 2009 y., Monday

Litai
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion. Foreign trade deficit of Lithuania made LTL 3.3 billion, and was by 73.8 per cent lower than during the same period in 2008. Data on trade with EU countries were adjusted after VAT declarations’ data had been received. 

In January–August 2009, against January–August 2008, exports and imports decreased by, respectively, 32.3 and 42.7 per cent, mineral products excluded – by, respectively, 27.9 and 42.8 per cent. Exports of goods of Lithuanian origin decreased by 33.6 per cent, mineral products excluded – by 27.2 per cent. 

An impact on the decline in exports was made by the decrease in exports of petroleum oils and oils obtained from bituminous minerals (by 44.5 per cent), fertilizers (by 50.5 per cent), vehicles other than railway or tramway rolling stock (by 45 per cent), electrical machinery and equipment (by 45.1 per cent). Imports declined due to decreased imports of crude petroleum (by 44.8 per cent), vehicles other than railway or tramway rolling stock (by 72.4 per cent), boilers, machinery and mechanical appliances (by 50.3 per cent). 

In August 2009, against July, exports and imports increased by, respectively, 2 and 4.3 per cent, mineral products excluded – by, respectively, 2.2 and 2.1 per cent. Exports of goods of Lithuanian origin increased by 0.9 per cent, mineral products excluded – by 0.9 per cent. 

In January–August 2009, the most important partners in exports were Russia (12.8 per cent), Latvia (10.2 per cent), Germany (9.6 per cent) and Estonia (7.2 per cent). The most important partners in imports were Russia (31.2 per cent), Germany (11.1 per cent), Poland (10 per cent) and Latvia (6.2 per cent). 

In January–August 2009, the largest share in exports fell within mineral products (22 per cent), products of the chemical or allied industries (9.6 per cent), machinery and mechanical appliances, electrical equipment (9.6 per cent). The most significant share in imports fell within mineral products (30.1 per cent), products of the chemical or allied industries (12.6 per cent), machinery and mechanical appliances, electrical equipment (12 per cent). 

Šaltinis: www.stat.gov.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Joint Statement on Greece by EU Commissioner Olli Rehn and IMF Managing Director Dominique Strauss-Kahn

Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece. more »

World Bank Supports Urban Development in Bhutan

The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available. more »

Reform of the Common Fisheries Policy high on the agenda at events in Spain

Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy. more »

IMF’s Regional Outlook Shows Asia Leading Global Recovery

Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific. more »

EBRD supports development of green energy in Poland

The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid. more »

Baltic Development Forum 2010

At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit. more »

Visit Lithuania by a Hot Air Balloon at the World EXPO 2010 in Shanghai

Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion. more »

SEB Bank Group Lithuania Result

According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million). more »

Globalisation fund unemployment aid - a good tool, but far too slow

European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday. more »