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| Exports up 2.2%in January | 15 March 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exports in January 2012 were worth LTL5.6 billion and imports LTL6.4 billion and the foreign trade deficit was LTL0.8 billion according to Statistics Lithuania, based on non-final data obtained from customs declarations and Intrastat reporting data.
In January 2012 compared to December 2011 exports decreased 6.7%. Reduced exports of boilers, machinery, mechanical appliances and parts were down 34.6%, ground vehicles down 35.1%. Imports decreased 1%, which was due to a decrease in imports of machinery and mechanical appliances and parts down 33.3%; electrical machinery, equipment and parts down 22.2%. Mineral products excluded, exports of goods decreased by 11.8%, imports down 15.3%. Export of goods of Lithuanian origin increased by 2.2%, but with mineral products excluded the decreased by 2.4%. For January 2012 compared to January 2011 exports grew 13.3%, which was influenced by an increase in export of petroleum products – up 12.8%, and boilers, machinery and mechanical appliances and parts were up 45.8%. Imports grew by 11.8%, which was determined by an increase in imports of mineral products – by 22.1%, plastics and articles thereof – 14.5%. Mineral products excluded, exports of goods increased by 13.7%, imports – 5.1%. Exports of goods of Lithuanian origin increased by 8.2%, mineral products excluded – 9%. In January 2012, the largest export markets were Russia (14.1%), United Kingdom (10.6%), Latvia (10%), Netherlands (8.8%). For imports Russia (40.5%), Poland (8.5%), Germany (7.9%), and the Netherlands (5.1%) were top. Most goods of Lithuanian origin were exported to the United Kingdom (14.8%), the Netherlands (12.4%), Germany (10%) and Latvia (8.1%). In January 2012, the largest share in exports and imports was within mineral products (exports – 28.4%, imports – 43%), products of chemical or allied industries (10.6 and 9.8%), machinery and mechanical appliances, electrical equipment (9.2 and 9.7%). As for the goods of Lithuanian origin, the largest share in exports was within mineral products (38.1%), products of chemical or allied industries (10.4%), and furniture (7.1%). Structure of and changes in trade with key foreign partners
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