Lithuanian exporters complain: China no longer buys cheese, grain, wood and other products from Lithuania] Delfi, one of Lithuania’s largest news portals, reported on the topic "China no longer buys Lithuanian products" that after China recalled its ambassador from Lithuania, Lithuanian exporters began to complain that China no longer buys cheese, grain, wood and other products from Lithuania. According to reports, large Chinese timber traders are planning to leave Lithuania. The local milk processing plant in Lithuania has suspended exports to China. In addition, China no longer buys Lithuanian grain.
Micro-comment: This round of "diplomatic disputes between China and Lithuania" originated from the Taiwan authorities setting up a "representative office" in Lithuania under the name "Taiwan". After that, China took a series of hopes that the Lithuanian government would change its position but received a goodwill response. The Chinese ambassador to Lithuania was recalled and the Lithuanian ambassador to China was asked to leave China.
China no longer buys cheese, grain, wood and other products from Lithuania. This should be regarded as an escalation of the diplomatic dispute between the two countries, from diplomacy to trade. However, China's initiative to restrict the purchase of cheese, grain, and wood products from Lithuania will affect businessmen engaged in related businesses in the two countries, but it should not have a great impact on the economic exchanges between the two countries.
China's position in Lithuania's export and import markets is not very important. The main export markets of Lithuania are Russia (13.4%), Latvia (9.3%), Germany (8.1%) and Poland (6.4%).
The main sources of imports for Lithuania are Poland (13.1%), Germany (12.8%), Russia (9.1%) and Latvia (7.8%). The main export markets for Lithuanian origin commodities are Germany (10.2%), Sweden (6.9%), Latvia (6.8%), Poland (6.8%) and the Netherlands (6.7%).
The main products Lithuania exports to China are: chemicals, transportation and logistics, mineral products, food processing, textiles, laser technology and other products.
From January to November 2020, the bilateral import and export volume of goods between China and Lithuania was US$20,825,339,349, a year-on-year increase of 8.3%; of which: the total value of China's exports to Lithuania was US$16,379,985,287, and the total value of China's imports from Lithuania was US$44,45,406,200. , The trade balance between China and Lithuania was 119,343,200 US dollars.
It is conceivable that if China completely "decouples" from Lithuania in trade, China will lose more than 1 billion U.S. dollars in surplus, and Lithuania will lose 400 million U.S. dollars in merchandise exports, and the amount is not large. Of course, the people of Lithuania will suffer a certain impact on their lives because they cannot buy cheap goods from China, although the per capita GDP of Lithuania has exceeded US$20,000, ranking 39th in the world.
The pictures and texts come from the Internet, such as intrusion and deletion.