The foreign trade deficit of Lithuania amounted to EUR 0.2 billion (LTL 0.7 billion).
The increase in exports was influenced by a decrease in exports of petroleum products (31.5%), boilers, machinery and mechanical appliances and parts thereof (31.7%), fertilisers (33.6%). The increase in imports was determined by an increase in imports of crude oil (44.1%), boilers, machinery and mechanical appliances and parts thereof (27.9%) and ground vehicles (27.9%). Mineral products excluded, exports increased by 8.2%, imports – 13.6%. Exports of goods of Lithuanian origin increased by 4.1%, mineral products excluded – decreased by 1.1%. Exports to Russia increased by 36.2%, of goods of Lithuanian origin – 5.3%.
Over the year (February 2015, against February 2014), exports decreased by 5%, imports increased by 2.7%. The decrease in exports was determined by a decrease in exports of petroleum products (8.6%) and ground vehicles (29.2%), while the increase in imports was influenced by an increase in imports of boilers, machinery and mechanical appliances and parts thereof (35.9%) and electrical machinery and equipment and parts thereof (21.9%). A decrease in value of exported petroleum products was conditioned by price drop for oil. Mineral products excluded, exports decreased by 4%, imports increased by 4.9%. Exports of goods of Lithuanian origin decreased by 6%, mineral products excluded – 1.7%. Exports to Russia decreased by 32%, of goods of Lithuanian origin – 62.4%. Exports of food and agricultural products (CN sections I–IV) to Russia dropped by 63%, of food and agricultural products of Lithuanian origin – 88%.
In January–February 2015, against the same period of 2014, exports decreased by 6.9%, imports – 3.4%. The decrease in exports was influenced by a decrease in exports of petroleum products (16.7%), ground vehicles (26.8%) and edible vegetables (58.5%). The decrease in imports was influenced by a decrease in imports of crude oil (21%), edible vegetables (59.6%) and ground vehicles (11.6%). A decrease in value of exported petroleum products and imported crude oil was conditioned by price drop for oil. Mineral products excluded, exports of goods decreased by 4.5%, imports – increased by 0.3%. Exports of goods of Lithuanian origin decreased by 6.5%, mineral products excluded – grew by 0.7%. Exports to Russia decreased by 34.7%, of goods of Lithuanian origin – 60.5%, which was conditioned by a decrease in exports of milk and dairy products (99.5%), plastics and articles thereof (64.7%); meat and edible meat offal was not exported. Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 64.5%, of food and agricultural products of Lithuanian origin – by 84.9% (in January–February 2014, exports of such products amounted to EUR 55 million, while in the same period of 2015 – EUR 8.3 million).
In January–February 2015, the most important Lithuania's partners in exports were Russia (13.4%), Latvia (9.9%), Germany (9.4%) and Poland (9.1%), in imports – Russia (18%), Germany (10.9%), Poland (9.9%) and Latvia (7.3%). Most of the goods of Lithuanian origin were exported to Germany (12.8%), Latvia (7.7%), the United States (7.5%) and the Netherlands (7.3%).
In January–February 2015, the largest share in Lithuania's exports and imports fell within mineral products (15.2 and 23.3% respectively), machinery and mechanical appliances, electrical equipment (13.9 and 17.4%), and products of the chemical or allied industries (11.7 and 12.1%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (20%), miscellaneous manufactured articles (11.7%), products of the chemical or allied industries (11%) and prepared foodstuffs (7.9%).
