-50% metinei prenumeratai. Velykų dovana!
Prenumeruoti
2013 01 09

Lithuania comes close to balanced foreign trade in November

Lithuania came close to balanced foreign trade in November, says Vilija Tauraitė, chief analyst with SEB Bankas, Lithuania’s largest commercial bank.
Sandėlis
Sandėlis / Šarūno Mažeikos/BFL nuotr.

“In November, Lithuania reached the smallest foreign trade deficit in the entire period of available statistics [from the beginning of 1999]. Minus 45 million litas (EUR 13m) is a very small figure. That export boom and certain weakness of domestic market resulted in an unprecedented phenomenon – Lithuania came close to a balanced foreign trade figure,” Tauraitė told BNS speaking about the latest foreign trade data.

In November compared with October, the country’s exports shrank by 4.5 percent, to 7.739 billion litas, and imports went down by 7 percent, to 7.785 billion litas, which brought the deficit to 45.4 million litas.

“Of course, it is not very sustainable. Lithuania is a small economy and there are plenty of goods, which we do not produce internally and which we are forced to import. It would be an interesting occurence if the deficit was small in December as well, but it would probably not stay at such levels any longer,” Tauraitė added.

Lithuania’s exports rose by an annual 14.1 percent between January and November, to 72.521 billion litas (EUR 21b), and its imports went up by 9.2 percent, to 78.987 billion litas, Statistics Lithuania reported earlier on Wednesday. The country’s eleven-month foreign trade deficit narrowed by 26.3 percent, year-on-year, to 6.466 billion litas, according to non-final data based on customs declarations and Intrastat reports.

Report mistake

Successfully sent

Thank you

Economy

Lithuanian producers of EPS on the way to circular economy
Gilužio Rivjera by the real estate company Homa – hundreds of apartments and millions in investment
Capitalica fund successfully issued bonds amounting to EUR 5 million to finance the Verde project in Riga

Feature

State Progress Strategy 'Lithuania 2050': will Lithuania become the 'Silicon Valley' of social enterprise?
Citus Experts: Planning to Furbish or Brush Up your Home Interior? Get Ready for a Brutal Run
How do the country's most desirable employers nurture IT talents?

Opinion

Ramūnas Vilpišauskas. The president’s achievements in Brussels were modest
Laurynas Jonavičius. Will the new German government’s foreign policy coincide with Lithuanian interests?
Eastern Partnership ‘beyond westlessness’: a new momentum for the European integration

Politics

Taiwanese Minister Ming-hsin Kung – about Lithuania’s strengths and the two countries’ looming plans
The double standards of “values-based policy”: Lithuania did not join the condemnation of Turkey
Behind the scenes of ambassadorial appointments: Seimas looking for clarification on continuing questioning at the Presidential Palace
Užsisakykite 15min naujienlaiškius