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 (295)

  • 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...
  • MRP-EURASIA

    MRP-EURASIA

    Market Research, Lithuania

    Who we are MRP-EURASIA - the Public Surveys and Market Research company for 33 countries in Central, Eastern Europe and Central...

Business Tips About Lithuania (15)

Agents and Distributors in Lithuania (32)

  • Tomas TomasCo, TomasCo

    Sales Agents, Lithuania

    Export Sales Sourcing 
  • M&A EXPORT

    M&A EXPORT

    Textiles/Apparel Sales and Distribution, Lithuania

      Wholesale company of stock clothes and shoes , offer you more then 30 european brands available , in total look for man and woman...

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

News Related to International Trade in Lithuania

  • Lithuania's Hill of Crosses now recognized worldwide - Sep 01, 2019

    Pope John Paul II recognized the religious significance of the site during a visit in 1993. He announced that it was a place for hope, peace, love, and sacrifice while serving mass on the hill and naming Lithuania the country of crosses.

    Source: UKRAINE BUSINESS

  • Country's investment in Lithuania announced - Aug 31, 2019

    Country's investment in Lithuania announced

    Source: TODAY AZERBAIJAN

  • Lithuania will surprise you soon - Jul 24, 2019

    You may not have ever been to Lithuania or have heard much about it, but this small baltic country of 2.9 million is going to surprise you in the near future. Lithuania, is probably the most courageous and progressive of the Baltic states at the moment. With a young workforce and vibrant startup atmosphere the country is railing towards a fast modernisation and economic development. The ??Startup Fair?, arranged for the seventh time in the capital Vilnius by Startup Lithuania is a testimony to this ongoing development. The two day event attracted over 2500 attendants on 30th and 31st of May. Lithuanian and international startups and investors gathered to listen to 54 speakers and panels, to meet one-to-one, and make deals.

    Source: HELSINKI TIMES