Lithuania’s extra-EU exports down 19 percent

In January-February 2015, Lithuania’s intra-EU imports of goods amounted to EUR 2.3 billion, down 2 percent compared with January-February 2014. Meanwhile extra-EU imports of goods amounted to EUR 1.3 billion, down 5 percent compared with January-February 2014.

Consequently, Lithuania’s trade balance resulted in a deficit of -EUR 0.4 billion in January-February 2015. Whereas in January-February 2014, Lithuania’s trade deficit was at -EUR 0.3 billion.

The first estimate for euro area exports of goods to the rest of the world in February 2015 was EUR 160.7 billion, an increase of 4 percent compared with February 2014 (EUR 154.4 bn). Imports from the rest of the world stood at EUR 140.5 bn, nearly stable compared with February 2014 (EUR 140.0 bn). As a result, the euro area recorded a EUR 20.3 billion surplus in trade in goods with the rest of the world in February 2015, compared with +EUR 14.4 billion in February 2014. Intra-euro area trade rose to EUR 135.9 billion in February 2015, +1 percent compared with February 2014, Eurostat, the statistical office of the European Union, said.

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In January to February 2015, euro area exports of goods to the rest of the world rose to EUR 308.5 billion (an increase of 2 percent compared with January-February 2014), while imports fell to EUR 280.6 billion (a decrease of 3 percent compared with January-February 2014). As a result the euro area recorded a surplus of EUR 27.9 billion, compared with +EUR14.5 billion in January-February 2014. Intra-euro area trade fell to EUR 267.1 billion in January-February 2015, -2 percent compared with January-February 2014.

The first estimate for extra-EU exports of goods in February 2015 was EUR 138.2 billion, up 2 percent compared with February 2014 (EUR 135.9 bn). Imports from the rest of the world stood at EUR 134.8 billion, up 3 percent compared with February 2014 (EUR 131.1 bn). As a result, the EU recorded a EUR 3.4 billion surplus in trade in goods with the rest of the world in February 2015, compared with +EUR 4.9 in February 2014. Intra-EU trade rose to EUR 244.9 billion in February 2015, +3 percent compared with February 2014.

In January-February 2015, extra-EU exports of goods remained nearly stable at EUR 265.0 billion, while imports fell to EUR 272.5 billion (a decrease of 1 percent compared to January-February 2014). As a result, the EU recorded a deficit of EUR 7.5 billion, compared with -EUR 9.4 billion in January-February 2014. Intra-EU trade remained nearly stable at EUR 481.0 billion in January-February 2015.

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