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Statistics Lithuania informs that, based on provisional data obtained from customs declarations and Intrastat reporting data, exports in September 2010 amounted to LTL 4.9 billion, imports – LTL 5.7 billion. Foreign trade deficit of Lithuania amounted to LTL 0.8 billion, which is 2.2 times higher than in September 2009. Data on trade with EU countries were adjusted after VAT returns data had been received.

Over a year (September 2010, against September 2009), exports and imports increased by 31.4 and 39 per cent respectively. Mineral products excluded, exports and imports increased by 29.5 and 30.5 per cent respectively; exports of goods of Lithuanian origin increased by 26.7 per cent, mineral products excluded – by 23 per cent. An increase in exports was influenced by a 38.7 per cent increase in exports of petroleum products, 55.4 per cent – ground vehicles, 91.5 per cent – cereals. An increase in imports was influenced by a 57.5 per cent increase in imports of crude petroleum, 93.3 – ground vehicles.

Over a month (September 2010, against August), exports and imports increased by 0.4 and 9 per cent, respectively. Mineral products excluded, exports and imports increased by 3.9 and 3.6 per cent respectively; exports of goods of Lithuanian origin decreased by 0.1 per cent, mineral products excluded – increased by 5.8 per cent. An increase in exports was influenced by an increase in exports (4.2 times) of cereals; an increase in imports was conditioned by a 28.9 per cent increase in imports of crude petroleum.

In January–September 2010, compared to the same period in 2009, exports and imports grew by 28.4 and 28.8 per cent respectively. Mineral products excluded, exports and imports increased by 24.2 and 21 per cent respectively; exports of goods of Lithuanian origin increased by 25.8 per cent, mineral products excluded – 18.8 per cent. An increase in exports was influenced by a 45.9 per cent increase in exports of petroleum products, 46.7 per cent – ground vehicles, 31.4 per cent – plastics and articles thereof. An increase in imports was influenced by a 45.7 per cent increase in imports of crude petroleum, 57.3 per cent – ground vehicles, 34.5 per cent – electrical equipment and parts thereof.

In January–September 2010, the most important partners in exports were Russia (15 per cent), Germany (10.2 per cent), Latvia (9.6 per cent) and Poland (7.6 per cent), in imports – Russia (32.9 per cent), Germany (11.1 per cent), Poland (8.9 per cent) and Latvia (6 per cent).

In January–September 2010, the largest share in exports fell within mineral products (24.3 per cent), machinery and mechanical appliances, electrical equipment (10.1 per cent), ground vehicles (7.9 per cent), in imports – mineral products (33.4 per cent), machinery and mechanical appliances, electrical equipment (12 per cent), products of the chemical or allied industries (11.5 per cent).

Source: lithuaniatribune.com