Specialists analyzed the dependence of the economy of Lithuania from Russia

The analysis of the export of Lithuania, which was conducted by the specialists of the Kaunas technological University (KTU) Jurate Prigoden and Daiva Laskine demonstrated weaknesses in this area, told news Agency today, on may 2, KTU." A considerable part of export of Lithuania (If you count the goods of Lithuanian origin and goods for re-export) falls on the Russian market. Its Weakening economy has a strong effect on the economy of Lithuania ", - said Laskine.
Although the Russian Federation and Ukraine are the major export markets of Lithuania items in the East, in 2013, most Lithuanian items were exported to EU countries and the Russian Federation and Ukraine are the 8th and 9th of space in the top ten. On the reverse side, Russia is the main partner about re - it exceeds the export of Lithuanian items more than five times.
huge group re-exported to the Russian Federation subjects are machinery, mechanical apparatus (18, 9% of re-export), vehicles (except railway) (9, 5%), vegetables (8%), fruit and nuts (7, 4%), electrical machinery and appliances (7, 3%). The whole group of these items constitute more than 50% of the re-exported to the Russian Federation subjects.
" The restriction of the Russian market the greatest effect on trading enterprises, and not on the Lithuanian producers, " says the Professor of the faculty of Economics and business KTU Prigoden.
specialist in Economics States that the consequences of the political devastation in Ukraine is most clearly visible If we look at changes of Lithuanian export items for the last 3 months and at the beginning of the current year. Since last year Lithuanian manufacturers do not extend neither in Russia, nor in the market of Ukraine." this has undoubtedly affected the actions of Russia: the Restriction of export of dairy products, and without a doubt, the unrest in Ukraine, " says the economist.
reducing the attractiveness of the Eastern market For exporters determine not only political unrest and trade penalties but also from the falling ruble." If the exchange rate on the Eastern markets will further fall, they will become unattractive because of declining profitability, which leads to the fall of the ruble against other currencies and the weakened purchasing power of clients ", - commented on the situation Prigoden.
Market analysis conducted by scientists TMF, showed that the export market of Lithuania sensitive to fluctuations in the economies of other countries." in comparison With other EU countries, differentiation of Lithuanian export markets is the average (and a little less than Latvia and Estonia). This means, the export of Lithuania to the countries poorly distributed, and fluctuations in demand in individual countries have the opportunity to have a significant impact on its volumes ", - said Laskine.
for reviews of the scientist, is a large concentration of Lithuanian export to the Russian market, If we have in mind the whole Lithuanian export, and not only exported Lithuanian goods, may have a significant impact on the economy of Lithuania." Weakening Russia's economy can affect the economy of Lithuania ", - said Laskine.
To ensure that the economic shock in less extent influenced the export, specialists offer to diversify export products on goods and markets." To reduce the effects of fluctuations in supply and demand in other countries on the export of Lithuania, it is necessary not only to look for fresh export markets, but also to develop relations on existing increasing the uniformity of the exported goods between export partners, " said Laskine.

Assessing the export in 2013, experts emphasize that the export of Lithuanian items on the main markets declined, but there are other trends - has greatly increased the export of Lithuanian goods to Poland, and noticeable growth of export to Sweden and Estonia. In addition, it is highly increased the extent of re-export is the most in Sweden, the UK and the Netherlands." most pleased with the increase of export of Lithuanian objects in Poland, " said Pridatkin, - We export more mineral products, milk and its products, plastic and its products, wood and products from it ".


sections: Politics