1. Overview the trade of LITHUANIA in goods current year until 202006
According to Dalian Infobank, in 202006, LITHUANIA's exports and imports of goods amounted to 5047.1710 million, and were down 8.51% comparing with the same period of last year. Among these, exports were down 7.50% at 2485.2079 million, and imports were down 9.48% at 2561.9631 million. And the corresponding trade deficit was 76.7553 million and down 46.60%.
During the current year until 202006, LITHUANIA's total exports and imports of goods were 29470.0480 million and were down 13.42% comparing to the same period of last year. Among these, exports were 14506.4460 million and down 10.78%; imports were 14963.6020 million and down 15.84%. The total trade deficit was 457.1559 million and down 69.94%.
If considering by country (region), RUSSIA, GERMANY, POLAND, LATVIA, NETHERLANDS were LITHUANIA's top five trading partners. During the current year until 202006, LITHUANIA's imports and exports to five countries/territories were 3495.9398 million, 3027.4076 million, 2870.6753 million, 2481.2086 million, 1518.1455 million. These values correspond to 11.86%, 10.27%, 9.74%, 8.42%, 5.15% of LITHUANIA's imports and exports, and, respectively, were down 27.64%, down 8.82%, down 16.41%, down 9.37%, down 7.65% comparing to the same period of last year.
Current year until 202006, LITHUANIA and the top five trade partners RUSSIA, LATVIA, GERMANY, POLAND, SWEDEN are the top five countries/territories that LITHUANIA exports to in terms of the total export amount. During the current year until 202006, LITHUANIA's exports to these five countries/territories were 1948.1316 million, 1351.2630 million, 1208.3130 million, 983.4379 million, 704.4504 million. These values correspond to 13.43%, 9.31%, 8.33%, 6.78%, 4.86% of LITHUANIA's exports and, respectively, were down 8.15%, down 8.79%, down 4.04%, down 29.65%, down 9.66% comparing with the same period of last year.
Current year until 202006, LITHUANIA's exports to top five countries/territories POLAND, GERMANY, RUSSIA, LATVIA, NETHERLANDS are the top five countries/territories that LITHUANIA imports from in terms of the total export amount. During the current year until 202006, LITHUANIA's imports from these five countries/territories were 1887.2375 million, 1819.0946 million, 1547.8083 million, 1129.9456 million, 847.5092 million. These values correspond to 12.61%, 12.16%, 10.34%, 7.55%, 5.66% of LITHUANIA's total imports and, respectively, were down 7.33%, down 11.74%, down 42.89%, down 10.05%, down 16.08% comparing with the same period of last year.
During the current year until 202006, the trade surplus of LITHUANIA was mainly from RUSSIA, UKRAINE, NORWAY, UNITED STATES, LATVIA at 400.3233 million, 332.8794 million, 270.3352 million, 258.9458 million, 221.3175 million, and down 167.97%, down 4.06%, up 4.81%, up 1.99%, down 1.80%. And the trade deficits were mainly from POLAND, GERMANY, CHINA, ITALY, NETHERLANDS at 903.7996 million, 610.7816 million, 436.4360 million, 431.7336 million, 176.8728 million, and up 41.54%, down 23.84%, up 12.27%, down 8.93%, down 52.93%.
Current year until 202006, LITHUANIA's trade surplus or deficit with top five countries/territories During the current year until 202006, commodities with hs2 codes, 27, 84, 85, 87, 39, were LITHUANIA's top five traded commodities. They correspond to the import and export values of 2997.3652 million, 2937.6817 million, 2149.8375 million, 1819.4842 million, 1690.7657 million, which were down 45.89%, down 6.82%, down 7.60%, down 32.27%, down 7.78% comparing with the same period of last year and account for 10.17%, 9.97%, 7.29%, 6.17%, 5.74% of LITHUANIA's total imports and exports.
During the current year until 202006, 84, 94, 27, 85, 39 were LITHUANIA's top five traded commodities, with total import and export values of 1302.7898 million, 1145.3343 million, 1136.9091 million, 972.6245 million, 932.9634 million. These values correspond to 8.98%, 7.90%, 7.84%, 6.70%, 6.43% of LITHUANIA's total exports and, respectively, were down 5.79%, down 9.32%, down 48.65%, down 10.18%, down 10.72% comparing to the same period of last year.
During the current year until 202006, 27, 84, 85, 87, 39 were LITHUANIA's top five traded commodities, with total import values of 1860.4561 million, 1634.8919 million, 1177.2129 million, 1141.7076 million, 757.8023 million. These values correspond to 12.43%, 10.93%, 7.87%, 7.63%, 5.06% of LITHUANIA's total exports and, respectively, were down 44.05%, down 7.63%, down 5.35%, down 37.06%, down 3.88% comparing to the same period of last year.
2. Current year until 202006, LITHUANIA binational trade profile
According to Dalian Infobank, during the current year until 202006, LITHUANIA-China binational exports and imports of goods amounted to 843.6955 million and were up 30.29% comparing with the same period of last year. Among these, exports from LITHUANIA to China were 203.6297 million and up 57.37%, imports from China to LITHUANIA were 640.0657 million and up 23.53%. The total binational trade deficit was 436.4360 million and up 12.27%.
During the urrent year until 202006, commodities with hs2 code, 85, 63, 84, 10, 90, were binational trade's top five traded commodities. They correspond to import and export values of 113.6689 million, 86.0512 million, 79.8485 million, 75.9363 million, 56.7928 million and makes up 13.47%, 10.20%, 9.46%, 9.00%, 6.73% of the total binational imports and exports. These values were also up 15.85%, up 671.98%, up 5.62%, 0, up 78.15% comparing to the same period last year.
During the current year until 202006, 10, 44, 94, 90, 85 were the top five traded commodities exported to China from LITHUANIA, with export values of 75.9363 million, 23.9540 million, 19.7459 million, 17.6354 million, 10.3321 million. These values account for 37.29%, 11.76%, 9.70%, 8.66%, 5.07% of LITHUANIA's total exports and were 0, down 10.11%, down 20.01%, up 89.31%, up 56.93% comparing to the same period of last year.
During the current year until 202006, 85, 63, 84, 90, 87 were LITHUANIA's top five traded commodities importing from China , with import values of 103.3368 million, 85.8042 million, 73.8696 million, 39.1575 million, 31.3438 million. These values account for 16.14%, 13.41%, 11.54%, 6.12%, 4.90% of LITHUANIA's total imports and were up 12.89%, up 677.14%, up 12.20%, up 73.55%, down 4.59% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Eurostat