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. Last Updated: 07/27/2016

Lithuania Deficit Up




VILNIUS, Lithuania -- Lithuania's foreign trade deficit widened to 707 million litas in June as imports grew more than exports, month-on-month, but the gap for the first half was still lower due to Russian weakness.


The June deficit was up from 664 million litas ($166 million) in May but down from 803 million litas in June last year, statistics department data showed Wednesday.


In June, exports rose 7.9 percent to 1.03 billion litas from May while imports were 7.3 percent higher at 1.74 billion litas.


A 12.2 percent surge in June industrial output, excluding utilities, helped exports but poor conditions in eastern markets have hampered a recovery to 1998 levels, analysts said.