Date,
Time MSK

13.04.2016



Lithuanian-Russian Bilateral Trade in 2015


In 2015 Lithuanian-Russian bilateral trade volume decreased by 42% and reached 8.4 billion USD compared to 14.4 billion USD in 2014.


Lithuanian exports to Russia fell to 3.5 billion USD (by 48%) while imports fell to 4.9 billion USD (by 36%) (see Figure 1).



Figure 1. 2007-2015 Lithuanian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Lithuanian-Russian bilateral trade turnover, billion USD.png



Lithuanian exports to Russia


Lithuania primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Machinery, nuclear reactors, boilers, etc (26%)

▪ Electrical, electronic equipment (8%)

▪ Optical, photo, technical, medical, etc apparatus (6%)

▪ Beverages, spirits and vinegar (5%)

▪ Furniture, lighting, signs, prefabricated buildings (4%)

▪ Plastics and articles thereof (4%)

▪ Live trees, plants, bulbs, roots, cut flowers etc (4%)

▪ Pharmaceutical products (4%)

▪ Articles of apparel, accessories, not knit or crochet (3%)

▪ Essential oils, perfumes, cosmetics, toileteries (3%)

▪ Vehicles other than railway, tramway (3%)

▪ Articles of iron or steel (2%)

▪ Articles of apparel, accessories, knit or crochet (2%)

▪ Miscellaneous chemical products (2%)



In 2015 the imports of Lithuanian made products in Russia experienced a significant fall. The imports of vehicles other than railway, tramway fell by 71%; the imports of electrical, electronic equipment- by 70%.



Figure 2. Structure of Lithuanian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Lithuanian Exports to Russia in 2015.png



Table 1. Key products exported from Lithuania to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Lithuanian products

84

Machinery, nuclear reactors, boilers, etc

$1,464,923

$889,643

-39%

0.2

1.9

85

Electrical, electronic equipment

$959,340

$291,495

-70%

0.4

3.4

90

Optical, photo, technical, medical, etc apparatus

$291,411

$194,641

-33%

0.1

2.8

22

Beverages, spirits and vinegar

$308,335

$176,194

-43%

1.6

27.7

94

Furniture, lighting, signs, prefabricated buildings

$258,985

$156,167

-40%

1.1

11.9

39

Plastics and articles thereof

$243,967

$148,597

-39%

0.6

7.2

06

Live trees, plants, bulbs, roots, cut flowers etc

$122,048

$136,856

12%

0.3

18

30

Pharmaceutical products

$83,319

$132,227

59%

0.00

5.5

62

Articles of apparel, accessories, not knit or crochet

$184,516

$100,988

-45%

0.1

14.9

33

Essential oils, perfumes, cosmetics, toileteries

$106,416

$97,902

-8%

0.00

9.7

87

Vehicles other than railway, tramway

$328,763

$96,368

-71%

1.1

11.9

73

Articles of iron or steel

$117,304

$75,986

-35%

0.3

9.3

61

Articles of apparel, accessories, knit or crochet

$125,110

$57,839

-54%

0.1

22.8

38

Miscellaneous chemical products

$75,195

$54,292

-28%

0.2

4.3



Russian exports to Lithuania


In 2015 Russia has exported to Lithuania the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (83%)

▪ Fertilizers (4%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (3%)

▪ Iron and steel (2%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Wood and articles of wood, wood charcoal (1%)

▪ Plastics and articles thereof (1%)

▪ Machinery, nuclear reactors, boilers, etc (1%)

▪ Animal,vegetable fats and oils, cleavage products, etc (1%)

▪ Organic chemicals (1%)



2015 showed a significant rise in Russian exports to Lithuania of fish, crustaceans, molluscs, aquatic invertebrates nes (+108%). At the same time the exports of mineral fuels, oils, distillation products, etc (-40%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Lithuania in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Lithuania in 2015.png



Table 2. Key products exported from Russia to Lithuania in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$6,740,999

$4,030,914

-40%

78.6

31

Fertilizers

$142,348

$176,039

24%

45

25

Salt, sulphur, earth, stone, plaster, lime and cement

$119,749

$134,177

12%

38

72

Iron and steel

$85,724

$77,622

-9%

14.3

28

Inorganic chemicals, precious metal compound, isotopes

$86,100

$62,344

-28%

60.8

44

Wood and articles of wood, wood charcoal

$51,554

$52,696

2%

8.8

39

Plastics and articles thereof

$47,902

$49,118

3%

3.4

84

Machinery, nuclear reactors, boilers, etc

$39,926

$31,917

-20%

1.2

15

Animal,vegetable fats and oils, cleavage products, etc

$45,335

$31,640

-30%

20.6

29

Organic chemicals

$29,337

$24,381

-17%

3.7

07

Edible vegetables and certain roots and tubers

$11,923

$22,696

90%

2.6

48

Paper and paperboard, articles of pulp, paper and board

$18,333

$19,950

9%

2.8

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$7,798

$16,212

108%

1.7

73

Articles of iron or steel

$13,778

$15,395

12%

2.2


Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Lithuania. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Lithuania

GDP in 2014, billion dollars

1,857.461

48.232

GDP in 2015, billion dollars

1,175.996

42.642

Inflation, average consumer prices, %

7.82

-0.31

Volume of imported goods, billion dollars

282.6

28.3

Volume of exported goods, billion dollars

492.1

25.6

Unemployment rate, %

5.10

10.60

Population, millions

143.7

2.9


Partners

  • pic
  • pic