Exports of goods of Lithuanian origin amounted to LTL 4 billion. The foreign trade deficit of Lithuania amounted to LTL 0.7 billion.
Over the month (May 2014, against April), exports increased by 0.2, imports – by 1.8%. The increase in exports was influenced by an increase in exports of petroleum products (5.5%) and boilers, machinery and mechanical appliances and parts thereof (14.3%). The increase in imports was influenced by a 26.1% increase in imports of crude oil. Mineral products excluded, exports decreased by 1.2, imports – by 0.9%. Exports of goods of Lithuanian origin decreased by 0.6%, mineral products excluded – by 3.4%.
In May 2014, against May 2013, exports increased by 7.1, imports – by 11.5%. The increase in exports was influenced by an increase in exports of petroleum products (14.3%), electrical machinery and equipment and parts thereof (47.2%) and furniture (23.5%). The increase in imports was influenced by an increase in imports of crude oil (57.9%) and boilers, machinery and mechanical appliances and parts thereof (19.8%). Mineral products excluded, exports and imports increased by 6.1 and 8.4% respectively. Exports of goods of Lithuanian origin increased by 8.6, mineral products excluded – by 6%.
In January–May 2014, against January–May 2013, exports decreased by 5.3, imports – by 2.3%. The decrease in exports was influenced by a decrease in exports of petroleum products (33.6%), ground vehicles (28.4%) and fertilisers (15.3%). The decrease in imports was influenced by a decrease in imports of crude oil (25.5%) and ground vehicles (18.4%). Mineral products excluded, exports and imports increased by 3.5 and 8.2% respectively. Exports of goods of Lithuanian origin decreased by 11.6, mineral products excluded – grew by 1.6%. Exports to Russia decreased by 2.3%, exports of goods of Lithuanian origin – by 14%, exports of dairy products of Lithuanian origin – by 5.5%. Exports to Ukraine decreased by 10.9%, exports of goods of Lithuanian origin – by 9.6%.
In January–May 2014, the most important Lithuania's partners in exports were Russia (19.9%), Latvia (9.8%), Poland (8%), and Germany (7.9%), in imports – Russia (26.6%), Germany (10.2%), Poland (9.6%), and Latvia (6.5%). Most of the goods of Lithuanian origin were exported to Germany (10.8%), Latvia (8.8%), the Netherlands (7.4%), and the United States (7.1%).
In January–May 2014, the largest share in Lithuania's exports and imports fell within mineral products (17.2 and 26% respectively), machinery and mechanical appliances, electrical equipment (13.2 and 14.7%), and products of the chemical or allied industries (9.7 and 11.3%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (25.1%), miscellaneous manufactured articles (10.2%), live animals and animal products (8.3%), and plastics and articles thereof (8.2%).
