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

FDI in Lithuania Grew by 5 % and Lithuania’s Investment Abroad Increased by 14 %

Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009. more »

Fish industry voices concern over foreign fish and falling prices

Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April. more »

Future of European agriculture - have your say

EU opens public debate on its agricultural policy, the prelude to a major reform in 2013. more »

Commission launches €35 million call for projects that turn environmental challenges into business opportunities

The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme. more »

Bank SNORAS group consolidates the activity of the Baltic investment companies

Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States. more »

European Central Bank and European Commission hold joint conference on "financial integration and stability: the legacy of the crisis"

The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main. more »

12 April 2010 - ECB signals a gradual recovery of the European financial integration process

Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets. more »

World Bank Group: Record US$100 Billion Response Lays Foundation for Recovery from Global Economic Crisis

World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn. more »

IMF Executive Board Concludes 2010 Article IV Consultation with Serbia

On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia. more »

United Kingdom Contributes US$7.5 Million to Support IMF Technical Assistance in Statistics in Africa

The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project. more »