International Trade in Lithuania

International Trade in Lithuania

Lithuania became independent in 1990. Since then, it has gradually moved from a centrally planned economy to a free market economy. After its independence, the country started a process of privatization aimed to liberate its economy. In recent years, the economy has had strong growth (an... Read more

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Market Analyses About Lithuania (34)

Import and Export Services in Lithuania (232)

  • GR Line

    GR Line

    Freight Forwarder, Lithuania

    About GR Line Company are based in port of Klaipeda, Lithuania. We provide a wide range of shipping services, including sourcing of...
  • FocusEconomics S.L.

    FocusEconomics S.L.

    Economic Intelligence, Lithuania

    FocusEconomics is a leading provider of economic intelligence for Asia, Europe and the Americas. FocusEconomics has established a solid...

Business Tips About Lithuania (12)

Agents and Distributors in Lithuania (16)

  • Tomas TomasCo, TomasCo

    Sales Agents, Lithuania

    Export Sales Sourcing 
  • JSC Radviliskis Machine Factory

    JSC Radviliskis Machine Factory

    Machinery Sales and Distribution, Lithuania

    JSC "Radviliskis machine factory" is one of the biggest agricultural machinery and metal processing factories in Lithuania. The...

Overview About International Trade in Lithuania

Main Industry Sectors

Agriculture contributes around 3.6% to the GDP. Lithuania's main agricultural products are wheat, wood, barley, potatoes, sugar beets, wine and meat (beef, mutton and pork). Nearly 7.7% of the active population works in agriculture.

The main industrial sectors of Lithuania are electronics, chemical products, machine tools, metal processing, construction material, household appliances, food processing and light industry (including textile), clothing and furniture.  The country is also developing oil refineries and shipyards. The industrial sector contributes 30% to the GDP and employs 30% of the active population. 

Lastly, the services sector contributes almost 60% to the GDP, and the sector of information technology and communications is the most important.

 

Economic Overview

Lithuania became independent in 1990. Since then, it has gradually moved from a centrally planned economy to a free market economy. After its independence, the country started a process of privatization aimed to liberate its economy. In recent years, the economy has had strong growth (an average of 8%). Private consumption and foreign investments are the main economic growth drivers.

Lithuania

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